Many businesses manually enter bookkeeping data into MYOB, which can be a very time consuming process. Most of the new clients I meet are looking for ways to automate their processes and in turn save themselves time. Have you ever calculated the dollar value your time spent on data entry?
Why not take advantage of bank feeds in MYOB AccountRight or any of the other accounting software packages? A bank feed is a list of transaction details transmitted electronically by your bank directly into your software. It can save you time by significantly reducing your data entry and ensuring that data is automatically coded with the correct expense account and GST code. Transactions must naturally be checked for accuracy, but this simple process is a real time saver.
You could win back hours in a month and also reduce human error.
There are other advantages too, you can prepare professional looking outgoing invoice and email direct from the software on the spot, making debtor management much easier.
If you’re getting bogged down with data entry I strongly recommend you think about switching to accounting software that includes bank feeds. You will save a lot of time and also streamline your business processes.
Find your nearest First Class Accounts bookkeeping specialist to find out how you can benefit from bank feeds!