Small business often struggle to stay on top of their accounts. As a result, they are often not aware of how many outstanding invoices are owed to them or unsure of how much they owe to their creditors. With bank reconciliations only being updated every few weeks, it’s no wonder they struggled to manage their cash flow. If your bank transactions are up to date and recorded accurately, not only will you have accurate debtor and creditor balances, you will also have a clear picture on your GST, PAYG and superannuation liabilities.
At Evolution Cloud Accounting Sync your MYOB/Xero online accounting software to communicate with your bank so that your bank transactions are fed daily into your data file by implementing Bank Feeds.
Bank Feeds allow you to automatically sync your bank transactions daily to your accounting software. Bank feeds not only save you time on data entry, they ensure your accounts are always up to date and make it easier for you to ensure your accounts are accurate. Gone are the days where you have to log into the bank, download a statement, print it off and manually enter in your transactions. There are now no excuses for your bank transactions not being up-to-date and reconciled on a daily basis.
See Bank Feeds in action
Our bank reconciliation services include:
We are located in Bondi (Sydney) and thanks to cloud technology we can service clients across Australia.
Click here to view our Bookkeeping and Set Up and Go Packages.