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Bank Account Synchronization(With Plaid )

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Required Apps Invoicing (account)
Discuss (mail)
Technical Name plaid_sync
License OPL-1
Also available in version 16.0 15.0
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Technical Name plaid_sync
License OPL-1
Also available in version v 16.0 v 15.0

Introduction

Plaid Bank Synchronization in Odoo streamlines banking workflows by integrating the Plaid API to automatically fetch and import bank statements into your accounting system. This module enhances financial accuracy and operational efficiency by eliminating manual uploads and ensuring transaction data stays current. Ideal for businesses seeking streamlined reconciliations and real-time account visibility within Odoo.

Key Features

  • Configure Plaid integration using client ID, secret key, and environment credentials

  • Establish connections with your bank via Plaid to sync transaction data directly into Odoo

  • Select specific bank accounts and journals to receive statement feeds seamlessly

  • Automate continuous synchronization for up-to-date banking information in the accounting module

  • Built on core modules—Invoicing (account) and Discuss (mail)—for smooth integration

Benefits

  • Saves time by removing manual statement downloads and imports

  • Provides accurate, up-to-date financial data for timely decision-making

  • Enhances reconciling processes with automatic bank feed integration

  • Reduces human error by eliminating repetitive data entry

  • Supports streamlined workflows with direct, secure bank-to-Odoo connectivity

Compatibility & Technical Details

  • Required Modules: Invoicing (account) and Discuss (mail) must be installed

  • Technical Name: plaid_sync

  • License: OPL-1 (Odoo Proprietary License v1.0)

Installation Steps (general outline):

  1. Ensure that the Invoicing and Discuss modules are installed in your Odoo system.

  2. Add the plaid_sync module to your Odoo Add-Ons directory.

  3. Activate Developer Mode, update the Apps list, and install the module.

  4. Navigate to Accounting settings, input your Plaid credentials (including client ID, secret key, environment).

  5. Select the bank accounts and journals to sync. Plaid will begin automatic importation of bank statement lines into Odoo for reconciliation.

Bank Account Synchronization (With Plaid)

Bank Account Synchronization (With Plaid)

This module enables you to synchronize your Bank Accounts and Credit Cards via Plaid . It also helps reconcile your Bank Accounts with your Financials .


Description

Description

Bank Reconciliations are a modern business necessity, since businesses need to keep their Financials up to date with the Bank Balances . As much as it's needed and wanted, it is just as tedious. The primary issue is the manual reconciliations and lack of standardization.

This module enables you to do Online bank and Credit Card Payments synchronization via Plaid . It enables users to link bank journals to their online bank accounts, for supported banking institutions via Plaid, and configure a periodic and automatic synchronization of their bank statements.

Additionally, customers may effortlessly obtain plaid transactions based on their chosen bank journals through plaid account in Odoo.

Standout Features

Standout Features

  • Automated Plaid Synchronization.
  • Credit Card Payments Auto-synchronization.
  • Frontend Integration.
  • Determine the Plaid Transaction Date Range .
  • Obtain Plaid Transaction anytime.
  • Automatic Fetching of Transactions at Regular Intervals .
  • Implements backend code to handle Plaid API requests .
  • Implement secure storage and handling of Plaid API keys .
  • Set up monitoring for the integration to detect and address issues promptly.

Exploring the module: (How to)

Exploring the module: (How to)

  • You will require an account with plaid independently and then use its credentials to link Odoo to Plaid .
  • Download and Install the app.
  • Go to the Accounting Module>Configuration>Settings .
  • Enter the Client ID and Secret Key in the fields which are provided by Plaid .
  • Go to Accounting > Configuration >Journals and Create the Bank Journal .
  • Create a new record by clicking Create Button.
  • Fill in the Journal Details and save.
  • New Bank Journal is created to Link it with Plaid.
  • After creating the Bank Journal , Go to Accounting > Configuration > Online Sync via Plaid .
  • Create the new Synchronization via Plaid.
  • Select the Bank Journal (created earlier) in Bank Field and Click Connect to Plaid Button
  • You will get a Bank list . Select the bank (associated with journal).
  • Enter your login Credentials and you'll be connected to Plaid and Your Connected A/C will appear as shown.
  • Go to Accounting Dashboard > Bank Dashboard and create a new Bank Statement .
  • Fill in the details on Bank Statement Form and click Get Transactions from Plaid Button.
  • A wizard will appear. Fill in the Following Fields and click Generate Statements button to fetch the transactions:
    • Plaid (Bank Journal synched with plaid)
    • Plaid line (Sub-accounts of the synched Bank Account)
    • Date From (starting date)
    • Date To (Ending Date)
  • Bank Transactions will be fetched as shown.
  • Go to Accounting Dashboard > to View the Bank Statements from Plaid.

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Odoo Proprietary License v1.0
This software and associated files (the "Software") may only be used (executed,
modified, executed after modifications) if you have purchased a valid license
from the authors, typically via Odoo Apps, or if you have received a written
agreement from the authors of the Software (see the COPYRIGHT file).

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