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Your accountant can create business plans, prepare your taxes, and create financial reports with this information. Looking at your bank statement is the best way to gather accurate information regarding expenses, income, and cash flow for bookkeepers. Reasons to Grant Your Accountant “View Only” Access

Bank provides detailed history reports that allow you to keep tabs on Shared Access users as the Shared Access administrator. You can select “View Only.” This will allow accountants to view transactions, balances, and other details on selected accounts. Bank allows you to share customized access for business accounts using the “Shared Access” feature. Wells Fargo recommends that you review who has access to your account frequently and make adjustments to align with your current needs. You have the ability to remove authorized signers and grant individuals online “View Only” access to one or multiple accounts. From there, select “Account Access Management.” You will see an overview of employees who have been added to your account. When you visit the Wells Fargo page, navigate to the small business section. With Wells Fargo, you have the power to give an accountant or bookkeeper View Only bank account access through Wells Fargo’s Account Access Manager. With that in mind, here are the steps to follow when granting “View Only” access from various banking institutions. Most people feel the most comfortable with giving their accountant View Only bank account access.

You must personally decide how much information and access you give to your accountant. Many people aren’t sure whether they should give their bank account access to their accountant. There is no concrete answer. However, it can become tricky when dealing with bank accounts. When it comes to your business finances, you need to trust your accountant to some degree.