Welcome to Heard! We're excited to support your private practice as your financial back office. Below are the steps you'll need to complete before using Heard.
1. Connect your Business Bank Accounts
The reason we ask you to do this, is because this connection allows us to work on your bookkeeping and taxes. Without having your bank transactions and statements, we can't serve your practice. Heard connects with your bank through Plaid, a trusted service that securely pulls your banking information (bank transactions and statements) into our app.
When your bank is connected to the Heard app, we only have access to your transaction history. We can't move money for you or do any banking on your behalf. You can learn more about what we see here.
The bank accounts you need to connect are only ones used for your practice: credit cards, debit cards, etc. If you don't have a business bank account, you can create one with our banking partner, BlueVine.
If you choose to postpone connecting your bank, you'll need to manually upload your statements for each month in order for us to do your bookkeeping.
2. Sign BAA Agreement
The BAA Agreement is a contract that protects both you and Heard, and allows us to securely handle your data. If you'd like to learn more about the ins and outs of a BAA agreement, you can read more here.
3. Fill out your Business Profile
The profile is a set of forms that asks for the basics of your practice: business name, entity, address, EIN number, etc. Below are a few definitions that may help you prepare for this portion.
Business entity: your form of business that determines which income tax return form you have to file. View this IRS help article if you aren’t sure which one you use.
EIN number: a nine-digit number assigned by the IRS. The IRS uses the number to identify taxpayers who are required to file various business tax returns.
4. Upload Bank Statements
In order to start bookkeeping, you'll need to upload your bank statements from the past month. Again, please upload statements from all business bank accounts.