Home/Glossary/Online Banking IntegrationUpdated on: April 18, 2024

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What is Online Banking Integration?

Managing a homeowner’s association (HOA) includes many financial management tasks for your clients. From paying invoices to balancing the booksIn HOA accounting, online banking integration (also known as bank reconciliation) refers to the process of linking each of your clients’ financial accounts to one place. For example, let’s say your client uses one bank or credit union to manage its reserve fund, and another financial institution for its general operating fund. With banking integration, you can add each account to your association management software’s dashboard. This means you only need to login to one location to view all of your clients’ accounts.

Software with Online Banking Integration

PRODUCT NAME SW SCORE (OUT OF 100) AGGREGATED RATINGS (OUT OF 5)
ClearTax GST Software 98 1.3
Giddh 92 4
myBillBook 92 NA
IRISGST 92 NA
ProfitBooks 91 4.2
BharatBills 90 NA
Output Books 89 NA
autoTax 88 NA
Gen GST Software 86 5
Web GST 86 2.7

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