“Sync Now” in Bank Transactions

The Sync Now button allows for immediate synchronization between Truewind and the connected accounting platform, ensuring that changes are reflected in both systems within 15 minutes. Although Truewind performs 15-minute background syncs, the Sync Now button initiates real-time syncing, ensuring instant updates.

FAQs

1. What does SYNC NOW synchronize?
   1. Updated General Ledger: Syncs updates for expenses, deposits, invoices, bills, and transfers.
   2. New Transactions: Pulls in newly created transactions.
   3. Reporting Schedules: Updates to schedules such as prepaid expenses, accrued expenses, and flux analysis.
   4. Chart of Accounts (COA) Changes: Reflects any additions, deletions, deactivations, or modifications of accounts.
   5. Journal Entries: Syncs new or modified journal entries.
   6. Auto-categorization: After syncing, Truewind triggers the auto-categorization process to classify transactions based on the updated data. For example, if a new bill is synced, the system will automatically match it with its corresponding payment.