One of the requisites to do your accounting, taxes and monthly VAT reports, is being able to have access to your banking movements.
This is because we need to match each expense and income with an invoice, salary or another accounting object. Estonian authorities are very strict when it comes to the accountancy of companies, so every movement has to be justified.
This access has to be secure, giving us read-only access to your banking information, without being able to modify or change anything or perform any unauthorized transfer. Fortunately, its system has been designed to do this securely.
So this permission will not give us the right to make any movement or transfer in your name, or the name of your company. We will only be able to access your movements for reconciliation and prepare -but not execute- your tax payments to the Tax Office.
Of course, such authorization can be canceled at any time.
Granting Permission to Access Transferwise
First, log in to your Transferwise account. In the menu on the left, you will see a new option called “Users (Beta)”. Click on it.
Next you will see a screen with your user as account administrator. We will add a new user with read-only access to access your bank statements. Click on “Add users”.
A window will open on the right. You must put our official email “firstname.lastname@example.org” and press the add button below.
If all goes well, our user will have been added and you can see it in the list of authorized users.
And that’s it. Easy, right? Just make sure to let us know so we can verify everything is ready.
Help, I’m lost!
If you get lost or a step causes you problems. Do not panic! Do you have a geeky friend who can help you? If not, contact us and we’ll do it together, step by step, on Skype.