Bank Integration

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Bank Integration in Flowtly connects your organization's bank accounts directly to the platform, enabling automatic import of transaction data. Through the Kontomatik integration, you can securely link supported bank accounts and have incoming and outgoing transactions synchronized with your Flowtly workspace on a regular basis.

Once connected, imported transactions provide a real-time view of your organization's cash flow. This eliminates the need for manual bank statement uploads and reduces the delay between when a transaction occurs and when it is reflected in your financial records. The integration supports multiple bank accounts, giving you a consolidated view across all your banking relationships.

Automatic transaction import enhances the accuracy and efficiency of financial operations including cost tracking, invoice reconciliation, and cash flow analysis. By having bank data available within Flowtly, your finance team can quickly match payments to invoices, identify discrepancies, and maintain up-to-date financial records without switching between systems.

Example use cases

  • Automatic Transaction Import: Connect your primary business bank account and have all transactions automatically imported into Flowtly, eliminating manual data entry.
  • Invoice Reconciliation: Match imported bank transactions against outstanding invoices to quickly identify which payments have been received and which remain open.
  • Cash Flow Monitoring: View real-time account balances and recent transactions across all connected bank accounts from within your Flowtly workspace.
  • Multi-Account Management: Connect multiple bank accounts from different institutions and manage them all from a single interface.
  • Expense Verification: Cross-reference imported transactions with recorded costs and supplier payments to verify accuracy and detect anomalies.

Connection map

Refers toUses upPart ofDerived from
Documented hereDocumented elsewhere
invoice billed to counterparty. invoice taxed by tax-group. cost spends against budget. cost owed to counterparty. bank-transaction reconciled to invoice. contract schedules payment-schedule-line. contract attached to budget. budget covers project. invoice billed from project. project linked to budget. lead becomes counterparty. deal sold to counterparty.billed totaxed byspends againstowed toreconciled toschedulesattached tocoversbilled fromlinked tobecomessold toIInvoice — A sales document issued to a client: line items, dates, tax. It is created, reviewed, previewed and then sent.InvoiceCCounterparty — The other side of a financial document — a client billed, or a supplier owed.CounterpartyTTax group — The tax treatment applied to a line, so rates are set once rather than per document.Tax groupCCost — Money the organisation owes or has spent, tracked against a budget.CostBBudget — The financial envelope an engagement is measured against — what was planned, versus what has actually been spent.BudgetBBank transaction — A movement on a connected bank account. Matching it to an invoice or a cost is what makes the books agree with the bank.Bank transactionCContract — The financial terms of an engagement: a structured set of payment schedule lines, in one direction or the other.ContractPPayment schedule line — One dated amount on a contract, in a direction — money owed to a supplier, or due from a client.Payment schedule linePProject — The core organizational unit for a business initiative, client engagement or internal work. Everything tracked — time, cost, invoicing, profitability — hangs off one.ProjectPProspect — A company you are working but that is not a customer yet. It sits at New, Contacted or Qualified, and everything done to it is logged against it.ProspectDDeal — A sale in progress: a customer, an amount, and the stage it has reached. It cannot exist without a customer, and its stage is never blank.Deal

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