Bank Connection setup

Connect your Mollie Business Account to an accounting software through Bizcuit to automatically sync your payment data and simplify bookkeeping.

Learn more about how to set up this connection and how it works below.

What you need to do in advance

Ensure that you need to have:

• An active Mollie Business Account.
• An active account in your bookkeeping software with permissions to connect to third party applications.
• A bank account for your Mollie Business Account added and configured in your bookkeeping software.

Add Mollie Business Account to your software

First, you need to add your Mollie Business Account as a bank account in your bookkeeping software:

1. Find your Mollie IBAN in your Mollie App under Accounts.
2. In your bookkeeping software, add a new bank account using your Mollie IBAN.
3. Configure account settings according to your bookkeeping platform's requirements.

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This is your Mollie Business Account (bank account), not your Mollie PSP account. These are separate accounts:

• Mollie Business Account - your business bank account where you hold funds, make payments, and receive transfers. This is what you're using to set up Bank Connection.
• Mollie PSP account - account used to reconcile your payment processing transactions. Your PSP account is settled to your Mollie Business Account.

The integration will only work if Mollie Business Account is properly set up in your bookkeeping software first. If you need assistance adding it in your bookkeeping software - reach out to the platform's support.

Install and connect

To enable the integration, in your Mollie Web App go to Settings → Accounting and choose one of the two setup methods:

Bank Connection

Use this method if your accounting software supports direct integration with Mollie through Bizcuit:

1. In your Mollie Web App, select your accounting software and click Connect.
2. Connect Mollie to Bizcuit and authorize the connection in the pop up window.
3. Choose the accounts you want to connect, remove any you do not want to sync and click Continue.
4. Connect your accounting software by entering the credentials for the account you want to link.
5. Authorize the connection request.
6. Choose how to complete the setup:
   • I'll finish this myself - continue with the configuration.
   • No, my bookkeeper helps me - invite your accountant (via email) to complete the configuration.
7. Map your Mollie Business Accounts to the correct administration in your accounting software and click Continue. The connector will automatically search for matching IBANs and start syncing transactions.

Once done, the transactions from today will be synced with your accounting software within seconds. All new transactions will appear in your bank feed every 30 minutes.

Automated Report Delivery

Use this method if your accounting software is not listed or doesn't support bank connection:

1. In your Mollie Web App, select your accounting software and click Connect.
2. Connect Mollie to Bizcuit and authorize the connection in the pop up window.
3. Select Mollie Business Accounts you want to include in the export, remove any you do not want to sync and click Continue.
4. Choose how to complete the setup:
   • I'll finish this myself - continue with the configuration.
   • No, my bookkeeper helps me - invite your accountant (via email) to complete the configuration.
5. Select your delivery method:
   • Email - enter and confirm the email address where reports should be sent.
   • Dropbox - enter the email address associated with the Dropbox account of your choice.
6. Choose your preferred export format:
   • CAMT.053 - recommended for most accounting systems.
   • MT940 - for systems that don't support CAMT.
   • CSV - for manual processing or Excel analysis.
   • Excel - for spreadsheet analysis.
7. Configure delivery frequency (Daily/Weekly/Monthly).
8. (Optional) Set a password to protect your export files.
9. Click Continue to complete the setup.

Once configured, your transaction exports will be delivered automatically according to your chosen schedule.

Manage your Connection

You can update your accounting connection settings anytime from your Mollie Web App.
Go to Settings → Accounting, and click Manage. From there, you can make changes that will take effect immediately.

Add a new bank account

Before you start, ensure that your Mollie account is already added within your accounting platform.

1. Go to Settings → Accounting and click Manage.
2. Click Selected bank accounts and connect your (new) desired accounts. Delete any you might not need.
3. Click Continue.
4. Continue the configuration flow or set up a new sending schedule.

Delete the connection

To remove the connection, in your Mollie Web App go to Settings → Authorizations and revoke Bizcuit’s access.
Your account access is removed immediately, but it may take a short time for Bizcuit to drop the connection settings.

Troubleshooting common issues

Transactions are not syncing

If you’re not seeing transactions in your bookkeeping software, follow these steps to check your connection and settings:

1. Verify your connection In your Mollie Web App, go to Settings → Accounting, then click Manage. Make sure your accounting software is connected and that all bank accounts you coupled are listed and linked. Confirm that your bank account is also linked to the correct administration in your accounting software.
2. Complete any unfinished setup steps If any steps of the steps is incomplete, finish the setup and review all connection settings to ensure everything is properly configured.
3. Check your bank account setup Make sure the bank account of your choice is added and fully configured in your accounting software. Verify that it belongs to the correct administration.
4. If you’re using email-based connections Check your spam folder to ensure that files sent to your accounting system haven’t been filtered out.

If everything looks correct but the transactions are still not listed as expected, please contact us at [email protected].

Missing a particular transaction

If a specific transaction hasn’t appeared in your accounting software, it may be due to its current status. Transactions are only sent to your accounting software once they’ve been booked by the bank and can no longer be changed. You might have to wait for it to be processed first before appearing in the transaction list.

Error connecting to the Accounting Software

If you don’t have the necessary permissions to set up third-party connections with your accounting software, you may encounter an error during the connection process.

The owner of Mollie accounts has the necessary permissions to establish the connection. Hence, this person is required to establish the connection between Mollie and the bookkeeping platform and has the option to handover configuration afterwards.

May the error persist, please contact support.