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”
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