First Time Sync - What can I expect?
After setting up your first bank connection, budget connection and sync profile BudgetSync will retrieve the last 7 days transactions from your bank or card account. We will retrieve both pending and completed transactions. This happens about every 30 minutes but is dependent on when your bank releases your transactions to us.
Note: Just because you see a transaction in your bank's app or website doesn't mean it has been released to us. Sometimes it can take 12-24 hours.
The transactions are then synced to your budget provider account (e.g. YNAB) within about 30 mins of receiving them from your bank. On the first sync you may feel a rush of several different emotions.
- Scenario 1 (Joy): If you've been diligently entering transactions manually into your budget account then you will likely see lots of 'matched' transactions. Great. Simply approve the matches, add categories for those that are missing and then walk away with a sense of joy and satisfaction that things are smooth and simple.
- Scenario 2 (Shock): If you've been entering transactions another way you may find a lot of duplication, confusion and yellow causing some despair and regret. Don't worry! It's just because this is your first time sync. After you tidy things up future syncs will be like scenario 1 but without the hassle of entering things manually.
- Scenario 3 (Ecstasy): If you fell off the budgeting wagon and decided some time ago that you had enough entering all this c**p manually just to be told not to spend money then you may now feel lighter, bubbly and even mindfully notice a little cheeky grin on your face as you watch on in awe at all your bank transactions gracefully hitting your budget account. Now you'll likely think, what else can I do to make my life easier!?
Whatever scenario you discover, enjoy the moment and do let us know what other great ideas and features you'd like to see.
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