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Setting Up Bank Feeds for Reconciliation

Learn how to set up, connect, and manage bank feeds in the Light platform. This guide covers bank account setup, feed connections, syncing, and reconciliation automation with rules.


Accessing the Bank Section

Navigating to Bank Settings:
Log in to the Light web app and click on Settings → Bank Accounts.

First-Time Setup:

If this is your first time, click Create Bank Account and provide the required details for all your banks and it's corresponding accounts you intent to feed in the bank statement from.

Connecting Your Bank Feed

After your account is created, navigate to Bank Reconciliation. You will be prompted to select between two types of connections:

  • Option A: Region-Based Connection
    • Select Timing: Choose from when and how often Light should fetch transactions.💡 Pro tip: Daily is typically enough for most businesses.
    • Authorisation: You’ll be redirected to your bank to log in and authorise the connection.
  • Option B: Host-to-Host (H2H) Connection
    • Contact Support: For H2H, reach out to peter@light.inc with cc. support@light.inc to explore the setup possibilities.
    • Timeline: The bank’s setup process usually takes 6–12 weeks, but Light can often help shorten this window.
      💡 Pro tip: If you bank with J.P. Morgan (JPM), you’ll need to use the H2H option.

 

Mapping and Syncing

Map Your Accounts:

Once your bank feed is connected, map your Light bank accounts to the corresponding accounts at your bank.
→ Screenshot: Mapping Light accounts to bank accounts

Sync Process:

The feed will begin syncing automatically. Initial transaction loads may take a few hours to appear.

Optimizing Bank Reconciliation with Rules

Beyond connecting your bank feed, Light allows you to automate reconciliation using natural language rules. This minimizes manual work and speeds up matching.

Accessing Rules

Navigating to Rules: Go to Bank Reconciliation → Rules.

Here, you’ll see two types of rules:

  1. Out-of-the-Box Rules — auto-generated by Light

  2. Custom Rules — created by you for specific scenarios


Out-of-the-Box Rules

Light automatically generates several standard rules to cover common reconciliation cases, such as:

  • Register payment for open invoice receivables

  • Create Journal Entry for card balance funding transactions

  • Match by bank transaction end-to-end ID

  • Match by document number

  • Match by amount and description

  • Match by amount and date


Custom Rules

You can also define your own rules using natural language conditions. For example:

  • Example A:
    If transaction reference contains “Fees according to advice” → Create Journal Entry and match towards it.

  • Example B:
    If transaction reference contains “Billing – Usage Fee” AND account is “Stripe DKK” AND amount is less than 100 → Create Journal Entry and match towards it.

💡 Pro tip: Start small with a few custom rules, then expand as you notice repeating reconciliation patterns.

✅ With rules in place, your bank reconciliation becomes largely automated, ensuring faster closes and fewer manual adjustments.