Connecting your business accounts to track deductions is a crucial step in setting up your account. We recommend connecting any accounts you use for business purchases, whether it's a checking account or credit card.
How To Connect Your Accounts
To connect your accounts, log into the app and go to Settings > Connected financial accounts > Connect another account. Just follow the prompts, and you'll have them connected in no time.
You can connect as many cards or bank accounts as you like. The more accounts you link, the more we can help you maximize your tax savings.
What To Do When Your Bank Is Not Listed
If you can't find your bank on the list, don't worry. Plaid integrates with nearly 11,000 financial institutions, but they don’t support all of them yet. If your bank isn’t listed, consider adding another account that Plaid supports so we can track your business expenses. In the meantime, you can manually add expenses from unsupported banks.
How To Remove Accounts
If you ever need to remove an account, simply go to Settings > Connected Accounts. Tap directly on the account you want to unlink, and follow the prompts.
If you're unable to add or remove an account, you may need to update your sharing preferences directly on your bank’s website.
How To Update Your Bank's Sharing Preferences
Log into your bank's website and locate the section where you manage connected apps. Find Plaid, which is the service that connects your accounts to Keeper. From there, you can adjust Plaid's access to your bank accounts, including adding or removing specific accounts.
After You've Linked Your Accounts
Once your accounts are linked, they'll appear in Settings > Linked Accounts. You can then choose how each account is used:
- User for 1099 work & personal expenses
- Used only for 1099 work expenses
- Used only for personal expenses
- Remove this account
Your selection will determine how transactions from each account are categorized in the app.
When you select "Used for 1099 work & personal expenses," the app will automatically differentiate between 1099 work-related (deductible) expenses and personal (non-deductible) ones. If there's an expense that needs clarification, it will be flagged with a yellow light bulb icon, suggesting that you review and categorize it correctly as either a deduction or not
If you select “Used only for 1099 work expenses ,” these expenses will appear normally with a green checkmark to the left, indicating they are being tracked as deductions.
If you select “Used only for personal expenses,” these expenses will still be tracked; however, they will appear dimmed or faded with an 'x' to the left, indicating they are personal expenses and not deductible.
If you do not wish to see transactions from an account that is used only for personal expenses, you should remove the account from your linked accounts. You can do this by going to Settings > Connected financial accounts > (click on the account you want to remove) > Remove this account.
Please note that If you wish to manually add expenses in the app, at least one card/account must be linked! If you do not wish to link your cards, we recommend connecting a PayPal account—an accessible and widely used option for most individuals and one that can be easily created!