Open banking accounting integration for UK firms for real accounting workflow.

The short answer

Open banking is valuable in SmartBooks because bank data is only useful when it is reviewed against receipts, invoices and client context. The workflow focuses on matching, exceptions and review readiness rather than treating a bank feed as automatically complete books.

Best-fit use cases

• Clients with recurring card and bank transactions.
• Firms trying to reduce manual CSV imports.
• VAT and ITSA workflows that need cleaner transaction evidence.

Data handled

• Bank transaction data, balances and matching signals.
• Consent status and feed-refresh context.
• Exception notes where a transaction needs client or accountant review.

Implementation notes

1. Plan consent renewal and client communication before rollout.
2. Match bank data with receipt evidence rather than relying on feed data alone.
3. Keep unresolved transactions visible in review queues.

Controls and safeguards

• Bank-feed data should be reconciled and reviewed before filing.
• Client consent and access status need ongoing monitoring.
• Exceptions remain visible until resolved.

Related pages

• Open banking guide
• Product overview
• Security

FAQs