September 2022 – Product Updates

This September, we rolled out new features and integrations, enabled more use cases for more integrations, and made many quality-of-life improvements. As ever, you can see Codat’s platform data coverage in the coverage explorer and refer to our public roadmap to view and vote on what we’re building next.

Get subscription data from Recurly, Chargebee, and Chargify

Subscription management platforms like Recurly, Chargebee, and Chargify make it easy for businesses to adopt subscription pricing. Subscriptions are critical to the software-as-a-service (SaaS) model and a significant portion of direct-to-consumer (D2C) eCommerce. 

High-growth SaaS and D2C businesses are a sweet spot for revenue-based lenders thanks to their significant working capital requirements, low probability of default, and difficulty accessing traditional finance due to their relative youth (these are “thin file” applicants). 

Codat now provides consented access to Recurly, Chargebee, and Chargify data so that revenue-based lenders can instantly see the consistency of cash flow without having to sift through a set of invoices and attempt to match customer names.

Build bank feed integrations with QuickBooks Online

Bank feeds are a simple form of accounting integration that bookkeepers have come to expect. A bank feed replaces the manual upload of a bank account or credit card statement to accounting software. It provides a list of transactions that are not accounting entries in the general ledger but are reconciled against accounting entries as part of bank reconciliation.

Accounting software platforms often provide bank feeds by pulling transactions through open banking APIs (such as those offered by Codat partners Plaid and TrueLayer). For fintechs and other institutions not yet covered by open banking APIs, Codat provides a way to build bank feeds directly.

Codat now supports bank feeds across Xero, QuickBooks Online, and FreeAgent. Contact your Account Executive or Account Manager to find out more.

Learn more: Bank feeds and accounting integrations: why corporate card users need both to automate accounting

GET and POST bill attachments from and to Exact

Many businesses require PDF or other file format copies of bills to be stored in their accounting software. A file copy of a bill can also be helpful when verifying information. Codat now supports attaching files to bills and retrieving attached files from all bills in Exact.

GET transfers and direct income from Oracle NetSuite mapped to deposits

Codat can now handle even more of NetSuite’s complexity, enabling users to build even deeper, more robust, and differentiated NetSuite integrations. This month, we added support for retrieving transfers and direct incomes derived from a NetSuite deposit and made an external purchase order field available on the orders data type.

GET direct incomes from Microsoft Dynamics 365

Codat now supports accessing direct incomes from Microsoft Dynamics 365. Direct incomes are a flexible concept that can represent sales where payment is received at the point of sale, cash refunds, and money deposited directly into a bank account. Direct incomes are often used as an accounting representation of commerce data. Reconciling direct income data with sales data from a point of sale or eCommerce platform is vital to building bookkeeping automation. Direct income data can also support lending to merchants as a supplementary dataset that can be cross-referenced against sales.

More support for desktop platforms Sage 50 and QuickBooks Desktop

Codat enables developers to build high-quality integrations with desktop (non-cloud) accounting software. This month, we expanded our Sage 50 support to let users update customers and access purchase orders. Additionally, QuickBooks Desktop can now provide only valid accounts and tax rates for linking to bills and bill payments. This helps build more robust integrations and streamlined, more straightforward user experiences.