How to Provide “View Only” Bank Account Access to Your Accountant
Choose Your Bank:
When you visit the Wells Fargo page, navigate to the small business section. From there, select “Account Access Management.” You will see an overview of employees who have been added to your account. You have the ability to remove authorized signers and grant individuals online “View Only” access to one or multiple accounts.
Wells Fargo recommends that you review who has access to your account frequently and make adjustments to align with your current needs.
U.S. Bank provides detailed history reports that allow you to keep tabs on Shared Access users as the Shared Access administrator. To activate this feature:
- Login to U.S. Bank online using your business user ID
- Find the “I’d Like To” menu located on the left side of the page and choose Managed Shared Access
- Or you can click “Customer Service” and then select Shared Access
Reasons to Grant Your Accountant “View Only” Access
Looking at your bank statement is the best way to gather accurate information regarding expenses, income, and cash flow for bookkeepers. Your accountant can create business plans, prepare your taxes, and create financial reports with this information.
- Sign in to your account and choose “Account Management”
- Select “Access & Security Manager” from the drop-down menu
- You will see the option to add an authorized user by selecting “Add New User”
- You will need to complete the different fields on the page
- Choose the accounts a new user can access. Assign their level of access by choosing “Assign access”
Bank of America
Pro Tip: The Account Management feature of Bank of America also allows you to integrate Quickbooks to your account. By integrating, you can synchronize transactions between your bank and your Quickbooks account in real-time!
Only business accounts in PayPal can provide access to additional users. With the same account, you can limit the access of these users using the Accounts & Security section of Paypal. In this section, open “Account Access” then click “Update” besides the “Manage Users” section. After doing this step, you can now change the permissions you grant your authorized users.
Once you have created a Business account:
- Navigate to “Account Access”
- Select “Update” under the section “Manage Users”
- Choose “Add User”
- Input the user’s information and choose only the privileges you want the user to have. Click “Save”
Get Expert Help You Can Trust
Prestige Accounting Solutions is led by a seasoned CPA and has helped many small businesses grow. We can help you make sound decisions about your financial future. Learn more through the discovery button below.
What our Clients are saying
Are you considering hiring a CPA for your law firm? Here are five things you need to know before making your decision. First, CPAs can help you save money on taxes. Second, they can help you manage your finances and keep track of your expenses. Third, they can provide...
As a law firm owner, you know that in order to be successful, your finances need to be on point. But sometimes it can be tough to know where to start or what changes need to be made. If you're looking for ways to take your law firm finances up a notch, read on for...
What's the forecast for your law firm? And no, we're not talking about the weather. Instead, we're talking about your business - where do you see it going in the short-term and long-term? Also, do you have a plan in place to make sure that you reach your goals? If...
Are you looking for ways to improve your law firm's cash flow? If so, you may want to consider conducting a cash flow analysis. A cash flow analysis can help you identify areas where your firm could save money or bring in more revenue. It can also help you plan for...