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Receipt Bank + Xero : This really kicks butt

David Rynne - Sunday, March 08, 2015

This month we have been hooking up our customers on Receipt Bank and integrating it with Xero.

Why? Because it saves time. It automates the data entry that is associated with maintaining a set of books.

The most important reason: It enables business owners to get a decent set of financials in real time. No waiting months for your bookkeeper to visit, no more procrastination. If you can take photos with a smart phone, you can automate 90% of your data entry.

How does it work? Its really smart. Receipt Bank extracts the key information from your bills: Date, reference, amount, GST. It then takes this information and a copy of the bill and drops it into Xero. All you need to do is match up the bill on the bank feed when you reconcile the bank. That gives you a full audit trail, full accrual accounting and saves you a ton of time.  

Receipt Bank + Xero : Its all about financial clarity. Knowing where you stand at any point of time.

If your interested in efficiency and clarity, get in contact with us today.