Introduction
Managing financial transactions can be a daunting task. However, with Vergo, it's possible to streamline transaction management by importing your banking data automatically. In this tutorial, we will guide you through the seamless process of linking your bank cards to Vergo so that transactions are pulled in real-time without manual uploads.
If you're accustomed to downloading bank statements and manually converting them into Excel, Google Sheets, or importing into your ERP for project coding, we have good news for you. Vergo revolutionizes this process, eliminating the need for manual uploads by automatically importing transactions directly from your bank.
This system is compatible with any bank and card, utilizing direct connections with Visa, MasterCard, or Amex networks. Consequently, your finance team can effectively manage transactions as soon as they occur.
Linking Your Cards to Vergo
To automate your transaction imports, the first step is to link your cards and your team’s cards to Vergo.
Step 1: Access Account Settings
Begin by navigating to the accounts tab within your Vergo application. This section allows you to create a new account for linking your card.
Step 2: Choose the Card Type
Once you are in the accounts tab, you will be presented with options for the card type: Amex, Visa, or MasterCard. Here, we are demonstrating the process using a MasterCard. However, rest assured that you can link any type of card.
Step 3: Enter Card Information
You will need to provide essential card information, including:
- Card number
- Cardholder's name
- Expiration date
- Country of issue
You will also need to agree to terms and conditions to allow Vergo to connect with your account securely. After entering these details, simply click "connect."
Step 4: Authentication Process
For security purposes, you might receive a verification code via email or text. When prompted, enter this code to confirm the connection of your card. Once confirmed, you will receive a notification indicating that the connection is complete.
Step 5: Customizing Your Account
After your card is linked successfully, you can view the last four digits of the card's account number. At this point, it is possible to:
- Bind the card to a user
- Add a nickname for easy identification
- Set default settings such as GL account and vendor information for consistent expense coding
Don't forget to save these settings to solidify your account setup.
Conclusion
By following these simple steps, you can automate the process of importing banking transactions into Vergo. This setup ensures that all future transactions are imported seamlessly, allowing your team to focus on coding and project management without the hassle of manual statements. With Vergo, downloading bank statements and manual uploads are tasks of the past. Enjoy efficient financial management and deeper focus on your core business tasks.
Start linking your cards today and experience the efficiency that Vergo offers!
