Why and how can I link my bank account(s) and transactions to invoices in Legalinvoice Germany?
WHY
By linking to your bank, we mean importing financial data into the system. This financial data includes info on financial transactions (counterparty, communication, amount, etc.) and account balances.
Once this information is imported, the system can automatically match incoming and outgoing payments with sales and purchase invoices.
This way, you will always know when an invoice has been or needs to be paid, and reminders will be automatically sent. Thanks to this matching and the imported financial data, you can have a clear overview of your company’s cash flow and financial situation.