Get paid in dollars on Wise. Keep the books in euro.
Connect your Wise business account and each line keeps its currency. Sumly looks for an invoice or bill in that currency, and converts to euro at the ECB reference rate.
- Business accounts only
- Read-only
- ECB rates for euro values
Your books in SumlyWhat it brings into your books.
Sumly reads what Wise has booked, in the currency Wise booked it in. Then it looks for the document each line belongs to.
- Booked transactions in each account's currency, with the counterparty, the reference and Wise's description.
- Card spending tagged as card payments, read from the codes Wise puts on each line.
- Suggested matches within one currency, such as a dollar payment and a dollar invoice. Sumly doesn't suggest pairs across currencies.
- Each conversion between currencies, which you record as one internal transfer. Sumly values it at the ECB reference rate and books any difference as an exchange gain or loss.
- A separate ledger account for each Wise account, so a dollar balance never mixes with a euro one.
How to connect it.
Have your Wise business login ready.
Open Add account
From the Bank accounts page, click Add account and choose the Bank tab.
Pick Wise
Select Wise and Sumly hands you over to Wise to sign in.
Allow read access
Approve the request at Wise. Sumly can then read your transactions for 180 days.
Choose the accounts
Tick the accounts to bring in. Each arrives with its own currency and its own ledger account.
Wise and Sumly: questions
Not for your books. Wise is an e-money provider rather than a bank, and it connects through the same read-only open banking as the Cyprus banks. Its lines get the same types and the same matching.
Sumly looks for a dollar invoice that fits the amount, the date and the client's name, and suggests it. Click Approve and Sumly marks the invoice paid.
A fee taken from the payment leaves the amounts slightly apart. Sumly can still suggest the match. The button then reads Review on document and opens the payment form filled in, so you can record the fee with it. A fee charged as its own line, with no bill behind it, needs a manual journal first. Then you link the line to it.
No. Sumly requests business access, so only a Wise business account in the company's name connects.
Several times a day. The first sync pulls as much history as Wise allows. Each later sync rechecks the last 4 days for lines Wise booked late, without doubling anything.
The access is read-only, through a licensed open-banking provider. You approve it at Wise, it lasts 180 days, and Sumly has no way to send money from your balances.
Try it on your own books.
30 days free on the software. Or book a call and we'll show you around first.