Fondo Hello World

Prerequisites

A scoped staging credential, a fictional data fixture, secret-manager access, and an authorized finance owner.

Output

Return only an opaque test ID, schema result, review state, and redacted failure reference; never emit account, transaction, payroll, or tax data.

Examples

Run the smallest read-only check against a fictional staging record, verify logs have no sensitive values, and revoke the test credential after validation.

Overview

Verify your Fondo setup is working: check that bank transactions are syncing, payroll data is flowing, and your company qualifies for R&D tax credits.

Instructions

Step 1: Verify Bank Transaction Sync

Navigate to Fondo Dashboard > Transactions:

• Confirm recent bank transactions appear (may take 24-48h for initial sync)
• Check that Plaid connection shows "Connected" status
• Verify transaction dates match your bank statement

Step 2: Review Auto-Categorization

Fondo automatically categorizes transactions:

Review and correct any miscategorized transactions in Dashboard > Transactions.

Step 3: Check R&D Tax Credit Eligibility

Fondo Dashboard > Tax Credits > R&D Assessment

Eligible if ALL apply:
✓ US-based employees (W-2, not just contractors)
✓ Developing new/improved products, processes, or software
✓ Technical uncertainty exists in the development
✓ Systematic experimentation/iteration to resolve uncertainty

Average startup credit: $21,000/year
Maximum (payroll tax offset): $500,000/year

Step 4: Verify Payroll Data

Dashboard > Payroll Integration
  → Confirm employee count matches your payroll provider
  → Verify salary data for R&D credit calculations
  → Check contractor payments are categorized separately

Expected Output

After 48 hours of setup:

• Bank transactions auto-categorized (85%+ accuracy)
• Payroll data synced monthly
• R&D eligibility assessment complete
• Estimated R&D credit amount displayed

Error Handling

Resources

• R&D Tax Credit Guide
• Fondo TaxPass

Next Steps

For development workflow details, see fondo-local-dev-loop.