Knowledge

Setup section to connect to Plaid API. First we must have an account on Plaid APi. (https://plaid.com/). This configuration is used for the "Verify account for transaction import" function.

Plaid environment:

• Live: For actual running, real connection to the bank. This mode requires an account and the Production access step from Plaid API.
• Sandbox: mode running on the sandbox environment, will not connect to the real bank and the data will be test data. The key of this mode we will get from the Plaid account.
  Sandbox is basically used for development purposes. You have nearly unlimited use of all the Plaid products for free - but you are not going to be touching any real data. All the data you're reading in will be fake, and you won't actually be affecting any user data.
  Which is probably a good thing while you're still working out all the bugs in your application.

• client_id: This is the identifier of the account on Plaid. We'll take it from the Plaid account.
• Secrets:
  • Live: key for live mode
  • Sandbox: key for sandbox mode

Connecting Plaid API

• Step 1. First, you need an account of Plaid API to get the key and fill in the Plaid environment in the system.
  Link Plaid API
  
  • Once you have an account, you will get the key at: Team settings -> Keys
    
    
  • If you want to get the actual data, you have to ask Plaid to let them issue the production key.
    
    
    
• Step 2. Once you have the key from the Plaid API, you can connect to the bank. Go to the Banking menu under the Accounting module in the left sidebar -> Select the Setup Your Bank Account menu