New Undebt.it+ Feature: YNAB Account Integration

Are you a YNAB (YouNeedABudget) User?

If so, then I have some good news for you; Undebt.it now offers account integration between the two services. One of the most popular requests I get is that users want to be able to connect their online bank/credit card accounts to Undebt.it. There are a number of things that make this request not feasible right now: it’s hard to do and it’s expensive to do. So one way to get around that obstacle is to tie into another service that does do account aggregation. Fortunately, YNAB has made this process relatively easy to do so I’m happy to announce that the integration is ready to go and if you’re already a user of both services then your life just got a little easier. YNAB has an excellent API and a very active community so I’m excited to get this going. Here’s what the integration can do for you:

  1. Update your Undebt.it account balance: This feature will keep your debt account balance current with whatever YNAB has. This means that if you have your credit card account in YNAB tied to your online account, everything will update automatically.
  2. Import your YNAB transactions: Undebt.it users won’t have to manually record their payment transactions once this option has been turned on. The payments and purchases you make on your credit card will be brought over to Undebt.it automatically.

Here’s What You Need to Make This Work

There are two things that are required to make the link work:

  1. An active YNAB account. They offer a free 34 day trial so you can try before you buy.
    *If you click on the link above and sign up for a account, I get a referral bonus 🙂
  2. An active Undebt.it+ account. There is a one-click, free 30 day trial available

Getting Started with the Integration

Log into your Undebt.it account and go to the YNAB Sync page (it’s located in the “My Account” link section and also on the left menu) and click on the “Link YNAB Account” button.

YNAB authorize button

Step 1: click the YNAB authorize button

Once you click on the button, you will be direct to the YNAB site where you will need to allow Undebt.it access to your account information before you can proceed. I have updated the privacy policy to reflect the new YNAB integration features and how your data is handled. Undebt.it never has access to your bank account login credentials at any time.

Authorize the Undebt.it app

Step 2: Authorize the Undebt.it app

The next step is setting up the mapping of the accounts between the two sites. You will see a list of all of the accounts you have setup in YNAB along with their current balances. There are three choices you have on these accounts:

  1. Ignore the account: Undebt.it will not do anything with the account. Use this option if you don’t want to manage this account with Undebt.it.
  2. Add the YNAB account to Undebt.it: This will create a new Undebt.it debt account and then add it your list of active debts. Once the account is created, be sure to go to the Debt Details page for the new account and change the interest rate, due date, account type and any other settings that YNAB does not store.
  3. Assign the YNAB account to the proper Undebt.it account: Use the pull-down list to match each account as needed. The current Undebt.it balance is also shown in the list, next to the account name.
YNAB account mapping

YNAB account mapping

If you are mapping YNAB accounts to new Undebt.it accounts, there is an option labeled “Sync transactions for new accounts?” that applies to you. Turn the option on to bring over the transaction history along with the account balance. New transactions will be automatically added to Undebt.it during the syncing process.

When you are done with the mapping, click the “Save Account Mapping” button and your account balances will be updated. You don’t have to do all of the mappings at once; you can come back to this page and map an account or two whenever you like.

If you want to make sure everything is working as expected, go to the Debt Details page of a sync’d account and you should see a current sync date like in this screenshot.

Account details - sync time

Account details – sync time

Syncing Account Balances

Your account will automatically sync itself so there is no action required on your part. However, if you want to manually sync your YNAB data, go to the Account List page. Click on the “YNAB Sync” button updates all of your linked accounts.

Update all YNAB linked accounts

Update all YNAB linked accounts

 

Manual sync for a single account

Manual sync for a single account

There is also a similar button on the Debt Details page, but this one only updates the selected account. The preferred method is to use the one on the Account List page to cut down on API traffic since it updates all of your accounts at once.

Synced accounts

Synced accounts shows a link icon next to the name

Syncing Transactions

You can also import your account transactions by going to the Debt Details page of the account your want to sync. Check the box labeled “Import transactions from YNAB”. The next time you click on the sync button, all of the transactions will be imported into Undebt.it

Importing YNAB Transactions

Importing YNAB Transactions

If you use this option, you’ll want to disable the “Autopay” option if you are currently using it. You won’t need to record your transactions in Undebt.it at this point.

Un-linking Accounts

If you want to stop an individual account from syncing with YNAB, just go to the Debt Details page and click the button labeled “Unlink From YNAB”.

Unlinking an account

Un-linking an account

Some Important Notes Regarding the Integration

YNAB reserves the right to revoke access to their API at any time. This means that this feature can stop working sometime in the future and there is nothing I could do to fix it.

If you try out the integration and it’s not working out for you, you can revoke Undebt.it’s access to your YNAB account at any time by logging into your YNAB account, then go to Settings > Authorized Apps and click on the revoke link.

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3 Responses

  1. This is really great. Thank you.

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