With Entendre, you can automate both fiat expenses and crypto collateral payments in one unified solution, and seamlessly sync journal entries to your accounting system (e.g., Xero, QuickBooks, NetSuite).
1. Authentication
To connect your Rain Cards account with Entendre, follow these steps:
Navigate to the Integrations Page:
Go to the Integrations section in Entendre.
Connect Rain Integration:
Find the Rain integration tile and click "Connect".
Add a New Connection:
Click "Add New Connection".
Enter your Rain API key and assign a Legal Entity.
The legal entity ensures that all card payments are properly accounted for within the correct entity.
There is no limit to the number of Rain card accounts you can connect.
2. Viewing Cards and Transactions
Once connected, users can view their Rain Cards and transactions directly within Entendre.
Integrations Panel:
Navigate to the Rain integration panel to view your recent transactions and connected cards.
Transactions and Sources Pages:
Go to the Sources Tab to see all connected cards.
Filter transactions by card on the Transactions Page to get a detailed view of expenses by specific card.
3. Automating Transactions
With Entendre, you can automate both fiat expense transactions and crypto collateral payments, ensuring seamless accounting for all your Rain Card activity.
Automating Card Expense Transactions
Creating Automation Rules:
Use the Rain Cards condition menu to create automation rules.
Set conditions based on card, merchant, or merchant category to automate the classification of transactions.
Creating Templates for Expense Accounts:
Create journal entry templates for the expense accounts you use to report card expenses on your profit and loss statement.
These templates will match each card transaction 1:1 with the correct accounting.
Automating Crypto Collateral Payments
Adding Rain Collateral Contract:
Add the Rain Collateral Contract for your organization as an external source in Entendre.
Creating Templates and Rules for Collateral Payments:
Create a template for payments made to the collateral contract. For example:
Debit: Rain Credit Card Payable
Credit: Digital Assets
Set up a rule to automatically account for these payments.
Syncing to Your Accounting System
Once everything is accounted for in Entendre, you can sync the journal entries into your preferred accounting system, such as Xero, QuickBooks, or NetSuite, ensuring all Rain Card transactions are properly reflected in your financial statements. Just close your accounting period and make sure you have your chart of accounts mapped to the correct accounting integration before syncing!