How to Connect Bank Account

The Bank Account Connection feature enables you to link your business bank accounts directly to Exacc, providing automated transaction imports, real-time balance updates, and streamlined reconciliation workflows. Connecting your bank accounts eliminates manual data entry, reduces errors from transcription, ensures your financial records stay current, and provides immediate visibility into cash flow and account balances essential for effective business management.

Exacc supports connections to major Australian financial institutions including Commonwealth Bank, Westpac, ANZ, NAB, and numerous other banks, credit unions, and building societies through secure bank-grade protocols. The connection process uses industry-standard authentication ensuring your banking credentials are never stored in Exacc, with all communication encrypted and authorisation managed directly through your bank's secure infrastructure. Once authorised, Exacc receives read-only access to transaction history and balances without any ability to initiate payments or modify account settings.

After establishing connections, transactions automatically import daily into your Exacc account ready for review, categorisation, and reconciliation. You can connect multiple accounts from the same bank or across different financial institutions, with each account mapped to corresponding entries in your Chart of Accounts such as bank accounts for transaction accounts, credit card liabilities for business credit cards, or loan accounts for business financing. The system maintains continuous synchronisation ensuring your accounting records reflect current banking activity.

Want to learn the exact steps to connect your bank accounts for automated transaction feeds? Follow our guide below for a detailed walkthrough of the bank connection process.