Bank Feeds

Once you add an account from the list of banks available, you will receive bank feeds to your Zoho Books account by default. The bank feeds are fetched every 24 hours into your account automatically for the banks that don’t require multi-factor authentication (MFA).

Some banks adopt multi-factor authentication for security purposes. If your bank adopts multi-factor authentication, you will have to refresh the feeds manually.

To identify if the bank feed in your account has been activated or not, just check on the bank feed icon present next to the account name.

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Update Credentials

Login credentials of your bank account are necessary for the bank feeds to be fetched into your account. Some cases where it will be necessary to update your credentials,

• You have changed your login credentials.
• Requested for a new password from your bank.

To update credentials:

• Click the Gear icon on the top-right corner.
• Click Update Credentials.

Refresh Bank Feeds

If your bank feeds are not fetched automatically, it could be due to a temporary glitch. You can refresh the bank feeds manually. However, manual refresh is limited to once a day. To refresh bank feeds manually:

• Go to Banking module in the left sidebar.
• Select your bank account.
• Click the Gear icon from the bank account.
• Select Refresh Feeds from the drop down.

Deactivate Bank Feeds

You can deactivate bank feeds if you do not want it to be fetched from your bank.

• Go to the Banking module and select the account you wish deactivate feeds for.
• Click the Gear icon.
• Select Deactivate Feeds to deactivate feeds from your bank.

Reconfigure Bank Feeds

Open banking allows third-party financial service providers to fetch bank feeds for 90 days. So, users should reconfigure their connection with the bank every 90 days. Here’s how:

• Go to Banking on the left sidebar.
• Select the bank account that you want to reconfigure.
• Click the Gear icon in the top right corner of the page.
• Select Deactivate Feeds from the dropdown.

• Now click the Gear icon again and select Activate Feeds from the dropdown.

• Hover over the bank accounts and click the Delete icon displayed on top of all the accounts in the new page.

• Click Yes in the pop-up that appears.

• Read and agree to Token’s end user terms of service and click Connect Now.

• In the next screen, click Accept to give Token consent to fetch your accounts, balances, and transaction history.

• Enter your Bank User Name and Password and click Login.

• If you have enabled two-factor authentication for your bank account, enter the verification code sent to your mobile number registered with the bank.
• Select the accounts whose bank feeds you would like to receive in Zoho Books and click Confirm on the bank website.
• In the next page, check the account that you selected previously under Select your accounts in the previous page.
• In the Download transaction history from field, enter the date from which you would like to download the transaction history of your bank account and click Continue.

Now you will start receiving updated bank feeds in your Zoho Books organisation.

PayPal Feeds

Similarly, you can also deactivate and activate your PayPal feeds.

• Deactivate PayPal Feeds
• Activate PayPal Feeds

Deactivate PayPal Feeds

To deactivate your PayPal feeds:

• Go to the Banking module and click the Add Bank or Credit Card button, placed on the top right corner. 
• Select PayPal listed under popular banks.
• Click the Deactivate Feeds button on the top right corner of the window.

Activate PayPal Feeds

  In case you have deactivated your feeds and wish to reactivate them, follow the step mentioned below.

• Go to the Banking module and select the Zoho Books account which was earlier configured with PayPal.
• Click the Gear icon on the right and click Activate Feeds.

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Connect Your Bank Accounts To Yodlee’s New API Platform

Yodlee, our third-party bank feeds service provider, has released a new API platform and we have upgraded our systems to the new platform. This new platform enables you to seamlessly sync your bank feeds with Zoho Books.

To experience the upgraded platform’s capabilities, you will have to upgrade each of your bank accounts to the new platform by reconnecting them with Zoho Books.

To upgrade to the new platform, you will have to reconnect your bank to Zoho Books, fetch its bank accounts, and their feeds.

Reconnect Your Bank and Fetch Bank Accounts

The first step is to upgrade your bank to the new platform and select the accounts from which you want to fetch feeds. To do this:

• Click Banking on the left sidebar and scroll down to where your banks are displayed in the Banking Overview page.
• Click Upgrade Now in the banner below the bank you want to upgrade.

• Click Upgrade Now next to the bank account that you want to upgrade.

• Read all the end user terms in the following pop-up and mark I agree to all the end user terms for automatic bank feeds.
• Click Proceed.

Next, you will have to reconnect your bank.

• You can search for your bank from the list of banks that are supported by Yodlee.

Next, select the bank accounts you want to reconnect.

• Select the bank accounts and click Save & Finish.

Now, you would have reconnected your bank accounts. Next, you will have to fetch the bank accounts and its feeds.

• Select the bank accounts you’d like to fetch in the Accounts Fetched Through Yodlee section.

• Select the date from which you want to fetch the feeds.

• Click Upgrade.

Once you’ve successfully upgraded to the latest platform, you’ll be automatically redirected to the Banking Overview page. You’ll now receive bank feeds seamlessly for the accounts that have been upgraded.

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Reconnect Chase and Capital One Bank Accounts

To connect bank accounts from Chase or Capital One, follow the steps mentioned below in Zoho Books:

• Click Banking on the left sidebar and click the Gear icon in the top right corner.
• Click Deactivate Feeds.

Your feeds will now be deactivated. However, to reconnect your bank accounts, you’ll have to activate feeds again.

• Click the Gear icon in the top right corner and click Activate Feeds.

• Read all the end user terms in the following pop-up and mark I agree to all the end user terms for automatic bank feeds.
• Click Proceed.

Next, you will have to reconnect your bank.

• Search for Chase or Capital One Bank from the list of banks that are supported by Yodlee.

• Click Edit Connection next to the list of configured accounts.
• Click Update and then click Continue.

You’ll now be redirected to your bank website to authorize Zoho Books.

• Click Next on the redirected screen.

The list of configured accounts will be displayed here. You can add any other accounts from your bank’s site. Next, select These are all the accounts that can be shared with Zoho Books.

• Click Next.
• Click Connect my account(s).

You’ll be redirected to your Zoho Books organisation. Next, select the bank accounts you want to reconnect and click Save & Finish.

You have successfully recconnected your bank accounts. Next, you will have to map the bank accounts.

• Select the bank account for which you wanted to activate feeds in the Accounts Fetched Through Yodlee section.
• Select the Date from when you want the feeds to be fetched.
• Click Add.

Once you’ve upgraded to the latest platform successfully, you’ll be redirected to the Banking Overview page. You’ll now start to receive bank feeds seamlessly for the accounts that have been upgraded.

Token Bank Feeds

Open Banking

Open Banking is a method of providing a third-party financial service provider access to customers’ banking and financial transaction data using Application Programming Interface (APIs). Zoho Books uses Token, a third-party financial service provider, to access your bank statements and fetch bank feeds into Zoho Books.

Connect Bank Accounts to Zoho Books Using Token

Connect your bank account to Zoho Books using Token, a secure open banking platform, and automatically fetch your bank feeds from your bank into Zoho Books.

To connect your bank account with Zoho Books:

• Go to the Banking module on the left sidebar.
• Click Add Bank or Credit Card.
• Click Connect Now in the banner.

• Select Token from the Bank Feeds Service Provider dropdown.

• Enter your bank’s name in the Search bar and select it from the dropdown.

• Read and agree to Token’s end user terms of service and click Connect Now.

• In the next screen, click Accept to give Token consent to fetch your accounts, balances, and transaction history.

• Enter your Bank Username and Password and click Login.

• If you have enabled two-factor authentication for your bank account, enter the verification code sent to your mobile number registered with the bank.

• Select the accounts whose bank feeds you would like to receive in Zoho Books.

• In the Download Transaction History From field, enter the date from which you would like to download the transaction history of your bank account and click Continue.

You’ll now receive bank feeds for the chosen accounts directly from your bank in Zoho Books.

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Next >

• Add Transactions

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Related >

• Add Accounts
• Match/Categorize transactions
• Transaction Rules
• Reconcile Accounts
• Other Actions in Banking