Zoho Books - Kotak Mahindra Bank Integration

Zoho Books has partnered with Kotak Mahindra Bank to connect your banking and accounting processes. Connecting your current account with Zoho Books will enable you to:

View your bank account’s balance on a real time basis
Fetch feeds securely and directly from the bank
Reconcile bank statements with best or exact matches

IN THIS PAGE…

Connect Kotak Bank to Zoho Books
- Set up the Integration
- Configure Account for Bank Feeds
Check Account Balance
Fetch Feeds and Reconcile Bank Statements
Disable the Integration

Note: This integration is currently available on early or beta access only. If you would like to access this integration, send an email to support.india@zohobooks.com.

Connect Kotak Bank to Zoho Books

Set up the Integration

All you need to get started with the integration is a current account with Kotak Mahindra Bank. If you do not have one, you can request one from Zoho Books as well. To set up:

Log in to your Zoho Books organisation.
Go to Settings on the top right corner of the page.
Select Payment Gateways under Online Payments.

Note: This integration is available only for the users of the India edition of Zoho Books.

If you are an existing user of Kotak Mahindra Bank:

Click Set up Now next to Kotak Mahindra Bank to begin.

Read and agree to the terms and conditions of Kotak Mahindra Bank.
Click Set up Now again to proceed and you will be redirected to Kotak’s website to authenticate the integration.

Enter your CRN, Net Banking’s Password and click Secure Login.

Insight: CRN or the Customer Relationship Number is a unique identification number provided to each customer of Kotak Mahindra Bank.

Enter the One Time Password (OTP) sent to your registered mobile number and click Verify.

Accept the terms and conditions.

Provide consent to link Kotak Mahindra Bank with Zoho by clicking Grant.

Once you’ve successfully integrated with Kotak Mahindra Bank, the account status will be Active. The bank account will also be visible in the Banking module if you’ve not configured the bank account manually already.

Warning: The integration will expire automatically when there’s no activity detected for more than 24 hours. You will have to disable the integration and integrate it once again.

If you are a new user to Kotak Mahindra Bank:

Click Request for a New Account and you will be redirected to Kotak’s website.

Enter the required details.

Approve the terms and conditions and click Apply Now.

The bank executives will get in touch with you and help you create a new account.

Configure Account for Bank Feeds

Once you’ve connected your bank account, you will be able to configure the bank account for fetching direct feeds. To do this:

Log in to your Zoho Books organisation.
Go to Settings on the top right corner of the page.
Select Payment Gateways under Online Payments.
Click Configure Bank Feeds under Kotak Mahindra Bank.

Note: If you’ve been fetching bank feeds already through our service provider, Yodlee, you can deactivate the feeds and configure the account for direct feeds. Direct feed integration helps you to receive feeds quickly without any third party interference.

Select the bank account for which you would like to fetch feeds in the pop-up that appears.
Select the Date from which you would like to fetch your feeds and click Add.

Note: You will be able to fetch the bank statements only for 90 days prior to the date of setting up the integration.

The bank account will be listed in your banking overview page with the live feeds indication. You can click it to view the bank statements.

Check Account Balance

Once you’ve configured the account for bank feeds, you can view the live current account balance. To view:

Go to Banking from the left sidebar.
Select the bank account for which you want to view the balance.
Click Check Live Account Balance.

The balance available in your bank account will be displayed. You can click refresh, if required to fetch the current balance.

Fetch Feeds and Reconcile Bank Statements

Once you configure the feeds, and add bank statements, they will be readily available in your Zoho Books account. To view and reconcile statements:

Go Banking and select the Kotak Mahindra Bank account.
Go to the Uncategorised Transactions tab and the bank statements will be listed below.

Insight: Bank statements will be refreshed automatically on login. To refresh them manually, click the Settings dropdown near the bank account and click Refresh Feeds.