Setting up your Fintruck account correctly from the beginning ensures your financial data stays clean, accurate, and ready for analysis.
Follow this checklist to complete your initial setup and ongoing monthly review.

Step 1: Create Your Fintruck Account & Connect Banks

Start by creating your Fintruck account and connecting all your business bank accounts, credit cards, and other financial sources.

• Go to Settings → Bank Connections
   
• Follow the prompts to securely connect each account
   
• Verify that balances appear correctly on your Fintruck dashboard
   

Tip: Make sure you connect every account that involves business transactions — including company cards, fuel cards, and loans — for complete visibility.

Step 2: Reconcile Each Bank Account

Once your accounts are connected, navigate to the Accounting → Reconciliation page.

• Review each bank account one by one
  
   
• Match transactions and reconcile up to the current date
  
   
• Ensure that all opening and closing balances match your bank statements
  
   

Best Practice: Perform reconciliation at least once per week to keep your data accurate and up to date.

Step 3: Categorize All Uncategorized Transactions

Next, head to the Transactions page.
You’ll see a list of any uncategorized transactions that Fintruck hasn’t yet assigned to an account.

You have two ways to categorize:

• Use FinGPT to automatically categorize transactions
  
   
• Create custom rules for recurring or company-specific transactions
  
   

Continue until your uncategorized count is zero.

Tip: The more you categorize (or confirm FinGPT’s choices), the smarter the system becomes at future categorization.

Step 4: Finalize and Review Your Chart of Accounts

Once categorization is complete:

• Review all finalized transactions
  
   
• Double-check that each entry maps to the correct chart of accounts and category
  
   
• Look out for duplicates, incorrect vendors, or misclassified items
  
   

Tip: You can always edit a category or merge duplicates before finalizing.

Step 5: Match Credit, Debit, and Loan Transactions

Before closing your books:

• Match credit card payments with corresponding bank withdrawals
  
   
• Register any loans or fixed assets under the appropriate accounts
  
   
• Link related transactions (e.g., equipment purchase → loan disbursement)
  
   

Example: If you paid for a truck using a loan, record the loan liability and match it with the purchase transaction in Fixed Assets.

Step 6: Review Financial Reports

Now it’s time to check your reports:

• Open your Profit & Loss and Balance Sheet
   
• Make sure the numbers align with your expectations
   
• If something looks off, revisit the Transactions page and verify your categorizations
   

Tip: Minor category errors can have a big impact on your financial statements — it’s worth reviewing monthly.

Step 7: Analyze Performance & Cash Flow

Once everything is reconciled and categorized:

• Review your P&L, Balance Sheet, and Cash Flow Statement
   
• Dive into Spend Management insights to identify trends, overspending, or saving opportunities
   

You’re now ready to use Fintruck for real-time business decisions and smarter financial management!

Need Help?

We hope this article was helpful. However, if you have any further questions, please don't hesitate to reach out to our Live Support.