In this tab you can enter bank accounts you want to link with Billit. This connection reassures automation of tasks is possible, because it matches payment information to your invoices and is the trigger for reminders but also provides you an up-to-date financial overview in the dashboard.
The advantage of the CODA connection with ING for ING Business'Bank accounts is that as well as your bank transactions being automatically imported, the payment files generated in Billit will also appear automatically in your ING banking environment. You will not need an ING Business'Bank Premium subscription to import your bank transactions. As Billit and ING have an agreement, a regular ING Business'Bank account is allready sufficient.
Open your company’s profile by clicking ‘My company’ in Billit at the top left of your screen. Then in your company profile, click on the ‘Bank’ tab and click ‘Add’ to add an account number. Don’t forget to click ‘Add after entering your bank account number.
In the ‘CODA’ column, click ‘Connect’ to link your bank account via Billbank/ING. When you click on ‘Connect’ you will be redirected to Connective. There, you can digitally sign the mandate that Billit will use to retrieve your transactions. Did you open the link but not immediately sign the mandate? If so, the message ‘Sign document’ will appear next to your bank account number. When you click on this, you will be redirected to the Connective website again to sign the document.
Once you have signed the mandate, a window opens asking you to verify your bank account. You do this by transferring €0.01, using the unique code you receive in the verification window as the reference. Until your bank account is verified, the message ‘Mandate requested, your bank account is not yet linked’ is shown next to your bank account number. Clicking on this message will display the verification window showing the unique code you need to use to verify your account. Once your bank account is verified, a green tick will appear next to your bank account number. This means that the account has been successfully linked and your digital bank transactions will automatically be imported into Billit every morning as soon as we receive them from ING. After making this connection all payment files generated for this bank account will automatically be imported in your online banking software.