Here at Monitor Bookkeeping Services we understand the time you spend on your books could be better spent building your business. Therefore, we’re pleased to announce our adoption of Receipt Bank.
Receipt Bank automatically extracts the key data from your bills, invoices and receipts then publishes this information directly into XERO. (along with the attached source document) This saves you the hassle of data entry, reducing paperwork in the office and providing huge cost and time savings.
Receipt Bank is Xero’s most popular add-on globally. The award winning service was named Xero’s “Add-on Partner of the Year” in both Australia and the UK. A suitable solution for all of our clients regardless of your industry or sector!
No more storing paper receipts and invoices!
The bank feed supplies your accounting software with real time information on your money in / out. Receipt Bank adds the transactions that are due for payment as well as the supporting documentation of your transactions. This ensures your books are richer than ever before!
How to submit your receipts and invoices
You can send your bills, invoices and receipts to Receipt Bank in a number of ways. For example the iPhone and Android apps allow you to take photos on the go – perfect for those taxi or coffee receipts! You can also use email-in, direct upload, Dropbox and Paypal.
Receipt and invoice processing
Receipt Bank automatically extracts the key data from your expenses and securely stores the scanned copies in your online account. As a result, your business has its records saved in an easily retrievable way.
Monitor Bookkeeping and Receipt Bank
Monitor Bookkeeping Services will have access to your Receipt Bank account enabling us to manage your expenses from there. The partnership with Receipt Bank is an example of how Monitor Bookkeeping Services is continually taking advantage of new technology to help our clients improve their businesses!
If you would like to discuss Receipt Bank further – please contact us on 0447370301 or send us an email here
It’s not deliberate. You had good intentions. Time runs away from you because you are busy running a business. Before you know it, it’s BAS time AGAIN and you know you’re going to have to spend the weekend getting it done.
It’s what we call “The Bookkeeping Monster!”
Now’s the time to free up your valuable time to spend on your business and not in your business.
Oh and also spend more time with your partner and family!!!
It’s BAS time again. Understandably, many people hate BAS time. Every three months seems to come around far too quickly. But since you can’t escape it, you might as well do it properly.
Many businesses have no idea that using an unregistered practitioner could be to their own peril and may result in hefty penalties. TASA is here to protect the public from risks associated with dealing with unqualified or unskilled BAS providers.
BAS services must be provided by registered practitioners. However, it is interesting to learn that there are only 14,000 registered professionals servicing Australian businesses and yet, there are more that 2.4 million businesses in Australia. Clearly, it is inevitable for Australian businesses to engage the services of unregistered people. There simply aren’t enough registered BAS agents.
However, we are hoping that encouraging small business operators to deal only with registered agents will force more providers to come within the regulatory environment and fill the obvious gap.
So are you a business owner? Then save yourself from the unnecessary risk with this simple question – ‘Are you a registered BAS agent?’
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