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Once you have onboarded one of your customers to Layer by creating a Business, you can start importing their financial data. The more complete the data you send, the more accurate your customers’ books, reports, and reconciliations will be. Layer supports several types of financial data:
Data typeWhat it coversHow it’s imported
Bank dataBank account and credit card activityPlaid, or directly from your platform’s embedded accounts
Sales / AR dataInvoices, payments, and payouts (accounts receivable)Invoice & Payout APIs
Bill / AP dataVendor bills and the payments made against them (accounts payable)Bill API
Payroll dataWages, taxes, and related payroll activityCheck Payroll integration
Loan dataLoans, lines of credit, and their repaymentsCustom accounts & categorization
For a complete accounting picture, most platforms import bank data and sales / AR data at a minimum. Bill / AP, payroll, and loan data add further detail depending on your customers’ needs.
Bill / AP, payroll, and loan support may need to be enabled for your platform. Reach out to your Layer contact for access.