A bookkeeper struggles to efficiently collect and organize bank statements from 40+ accounts across 10 LLCs and personal names for a client, as Xero lacks automated statement fetching and US Bank requires separate credentials per account.

Workarounds Described

• Manually collecting and sending bank statements from 40+ accounts
• Potentially managing separate credentials for each account if using US Bank's view-only access

Implied Software Gaps

• Automated bank statement fetching tool that works with Xero and aggregates multiple accounts under single login
• Centralized credential management for view-only access across many accounts at the same bank

MultiLink Statement Sync

MultiLink Statement Sync is a cloud-based tool that automates bank statement collection for businesses with multiple accounts and entities. It connects to banks like US Bank using a single credential set to fetch statements across all linked accounts, then syncs them directly into accounting software like Xero, eliminating manual downloads and uploads.

Existing Solutions Mentioned