Transact Automated Remuneration Statements
This guide will show you how to setup the Transact Income 'Remuneration' Statements Integration. Once setup Plannr automatically downloads provider statements from Transact into Plannr's income reconciliation engine.
Key Facts
Runs every day 4 times a day
Supports multiple Transact accounts at once
Will create both onshore and offshore statements
Will attempt to automatically reconcile existing expectations with its transactions
Go to the Addon from the Settings tab. From here, you can search for Transact or use the 'categories' to filter all available addons
You'll then see this pop up with two sections, these being Info and Setup Instructions, which, as their names suggests, gives basic information about this particular Addon, and details on how to set it up.
As this integration uses Transact's API directly to retrieve statements from Transact. In order to connect, you must allow Plannr read-only access to your Transact account.
The person creating this initial connection must be a Transact Super User at your Firm (with 2 Step Verification (2SV)) as only they can authorise the Remuneration process. You can check if you are a Transact Super User by logging into the Transact website > Housekeeping > Online Access. There it will say which users (if any) have Super User access. And if those Super Users have 2SV set up (under the ‘Details’ option).
If you don’t have a Transact Super User or want to register another one, you will need to complete a form please download from here and send via the Transact website – go to: Tools > Upload Documents.
Please ensure that a person named on the FCA register signs it – such as a Director, Partner or Compliance oversight.
Select Add External Connection This will take you to the Plannr External Connections page within Settings where you will need to select Connect
Please see a short video detailing each of the screens.
If your firm have multiple connections you can choose to create a label by clicking on the pencil icon.
After you have connected at least one account, you can enable this add-on by selecting the Enable button.
Please Note If your connection to Transact expires Plannr will automatically email you 14 days and 7 days prior to expiry and once expired, please see below example:
When the connection expires you are able to follow the link in the email or within Settings select External Connections where you can select the Refresh connection icon.
Once setup Plannr will automatically download provider statements from Transact into Plannr's income reconciliation engine. It will then check daily for new statements from both your onshore and offshore accounts. These will appear with an origin of auto see example below:
Please Note - as this is dummy data none of the items have matched to an estimate in this example
Key Facts
Runs every day 4 times a day
Supports multiple Transact accounts at once
Will create both onshore and offshore statements
Will attempt to automatically reconcile existing expectations with its transactions
Setting up the Addon
Go to the Addon from the Settings tab. From here, you can search for Transact or use the 'categories' to filter all available addons
You'll then see this pop up with two sections, these being Info and Setup Instructions, which, as their names suggests, gives basic information about this particular Addon, and details on how to set it up.
As this integration uses Transact's API directly to retrieve statements from Transact. In order to connect, you must allow Plannr read-only access to your Transact account.
The person creating this initial connection must be a Transact Super User at your Firm (with 2 Step Verification (2SV)) as only they can authorise the Remuneration process. You can check if you are a Transact Super User by logging into the Transact website > Housekeeping > Online Access. There it will say which users (if any) have Super User access. And if those Super Users have 2SV set up (under the ‘Details’ option).
If you don’t have a Transact Super User or want to register another one, you will need to complete a form please download from here and send via the Transact website – go to: Tools > Upload Documents.
Please ensure that a person named on the FCA register signs it – such as a Director, Partner or Compliance oversight.
Select Add External Connection This will take you to the Plannr External Connections page within Settings where you will need to select Connect
Please see a short video detailing each of the screens.
If your firm have multiple connections you can choose to create a label by clicking on the pencil icon.
After you have connected at least one account, you can enable this add-on by selecting the Enable button.
Please Note If your connection to Transact expires Plannr will automatically email you 14 days and 7 days prior to expiry and once expired, please see below example:
When the connection expires you are able to follow the link in the email or within Settings select External Connections where you can select the Refresh connection icon.
Once setup Plannr will automatically download provider statements from Transact into Plannr's income reconciliation engine. It will then check daily for new statements from both your onshore and offshore accounts. These will appear with an origin of auto see example below:
Please Note - as this is dummy data none of the items have matched to an estimate in this example
Updated on: 16/12/2024
Thank you!