Bookkeeping Open question — the Lab is working on this
Can bank statement-style output (with beginning/ending balances) be generated from data pulled through Plaid or QuickBooks rather than obtaining actual client bank statements?
From the July 8 call · Member Builds: Ben Coons
One approach discussed was building a system where a client logs in once through Plaid to grant token access, after which Plaid pulls the exact transaction data. Since this isn't an official bank-issued statement, a custom bank statement format was built showing daily and monthly balances (and adjustable beginning/ending balances for credit cards), effectively replicating what an actual bank statement would show. It was also noted that similar statement generation could potentially be done using bank feed data coming through QuickBooks directly.
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