Why We Built a Direct Accounting Integration

Since we launched Loop, one request has consistently topped the list from our customers: Accounting Integrations.

We know how much time Canadian finance teams spend manually exporting CSVs or fixing broken bank connections. We wanted to get this into your hands as fast as possible – but "fast" usually means doing it the way everyone else does.

The Problem with the Standard

Most financial tools in Canada rely on "screen scraping." It’s a legacy method that essentially mimics a human login to pull data. It’s the reason bank feeds frequently break, transactions go missing, and your month-end reconciliation becomes a manual cleanup project. Even the Big Five banks haven't mastered this yet, leaving founders and controllers with a constant "blind spot" in their financial data.

At Loop, we believe that at the end of the day, you don't just need a connection that "works" some of the time. You need operational clarity, consistency, and accuracy.

High-Fidelity Infrastructure

Instead of shipping a fragile connection months ago, we took the time to build Direct API Connectivity. By building dedicated digital bridges to platforms like QuickBooks Online, Xero, and Wave, we’ve ensured that your financial data is high-fidelity.

In doing so, Loop has created Canada’s first direct integration of its kind.

While other providers rely on third-party "aggregators" that can be slow or inconsistent, we have gone the direct route. This means your data doesn't pass through unnecessary middle-layers – it moves directly from your bank to your books with 1:1 precision. We’ve set a new standard for what Canadian business banking should look like.

What This Means for Loop Users

Your Loop Accounts and Cards can be accessed through the Banking or Bank Feeds section of your accounting provider. Loop provides a dedicated digital bridge, enabling most major accounting software providers to access your Loop data. This removes the need for manual CSV exports and ensures your transaction data is pushed to your accounting software with high precision. 

What Syncs?

• Transaction dates and amounts
• Transaction descriptions
• Transaction categories
• Automatically updated account and credit card balances
• Transaction notes – memos you've added within the Loop platform (QuickBooks only)

Get Started Today

You can read the formal Press Release here for the full details on our vision for data sovereignty in Canada.

More importantly, you can try it out right now. Log in to your Loop account and connect your books in minutes. For detailed instructions, see our help centre.