Costpoint Online Help

Import Plaid Bank Transactions

After you have set up the integration between Plaid-supported banks and Costpoint, and linked Plaid bank accounts to Costpoint company bank accounts, use the Transfer Plaid Bank Transactions screen to import Plaid bank transactions into Costpoint and/or automatically insert imported transactions into the bank statement tables for reconciliation.

To import Plaid bank transactions:

  1. Open the Transfer Plaid Bank Transactions screen.
  2. Enter, or click to select, a Parameter ID and Description.
    This step is optional. A parameter ID represents a set of screen selection parameters which you can use to store new or retrieve previously saved default settings that can improve consistency and efficiency when you run a process.
  3. In the Integration Process group box, specify the process(es) you want to execute.
    • Transfer Plaid Bank Transactions: Select this checkbox to import transactions from your Plaid-supported bank into Costpoint. This process only retrieves transactions from your bank and imports them into Costpoint without populating the bank statement tables. You can run this process only once every 24 hours.
    • Update Bank Statement Detail: Select this checkbox to automatically insert the imported bank transactions into bank statement tables.

      This process works only for accounts that have the Transfer Plaid Transactions to Bank Statement Detail checkbox selected on the Manage Plaid Bank Accounts screen.

      When you run this process, the transactions from Plaid will be available on the Manage Bank Statement Information screen, ready for reconciliation. You can run this process anytime.

      Note: For Costpoint Cloud, you can choose to opt in to this feature for the Costpoint 2025.4 release. The ability to opt in is temporary and will be removed when the feature becomes automatically enabled for all users as part of a future Costpoint release. See the Manage Opt-In Features topic for more information.
  4. Enter or select a File Location where you want to store the transfer process log file.
  5. Enter or select the Plaid-supported Bank Name from which you want to retrieve transactions.
  6. Click and select Transfer Plaid Bank Transactions to run the transfer process immediately, or select (Batch Mode) Transfer Plaid Bank Transactions to run the transfer in a batch process.
    Each time you run a transfer process, you can monitor the integration information on the View Interface Execution Status History screen.
  7. To view imported transactions, open the Manage Plaid Bank Accounts screen, select a Plaid bank, and select an account.
    Transactions imported from the account display in the Transactions subtask. Those which have been automatically inserted into bank statement tables will have their Transferred to Bank Detail checkbox selected.