Once your Accountable Banking account is verified, there are a few steps to take so your finances are tracked correctly from day one. This article covers how to record your first transfer, manage linked accounts, and start using your new account features.
1️⃣ How do you record your first transfer correctly?
Your first transfer should be recorded as a private transfer. This ensures everything is tracked correctly in your Accountable account from the very beginning.
Open Accountable.
Select the first transfer.
Choose "Mark as personal" as the type.
💡 This first step keeps your account organised and ensures your future invoices and payments are matched correctly.
2️⃣ Should you keep your other linked bank accounts?
If you have already linked an external bank account to Accountable (such as your personal bank account), here is what we recommend:
⚠️ Keep the external account linked. Removing it will cause your past transactions to become unlinked from their invoices and expenses.
You can use both accounts at the same time:
Accountable for your business payments
Your external bank for personal or certain business operations
This gives you the flexibility of managing multiple accounts while keeping all business transactions visible and reconciled in Accountable. 🔗
3️⃣ What features can you start using right away?
Create your free virtual card for upcoming business expenses. Scan your receipt and the expense and transaction are linked automatically. The amount to set aside for taxes is updated in real time, keeping you on top of your tax position.
When issuing your next invoice, add your new Accountable IBAN so incoming payments are matched automatically.
By following these steps, you build a clear and organised financial overview from day one, all in one place. 🚀
Key takeaways
Record your first transfer as a private transfer so Accountable tracks your finances correctly from the start.
Keep any existing linked bank accounts connected to avoid unlinking past transactions from invoices and expenses.
Use your free virtual card to link expenses and receipts automatically.
Add your Accountable IBAN to new invoices so incoming payments are matched automatically.
Need help? Chat with us or email support@accountable.eu, we're happy to help.