Manage expenses with Receipt Bank

Manage expenses with Receipt Bank

Xero’s no.1 Add-on!

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

A5 Leaflet

Monitor Bookkeeping Services adopts Receipt Bank


Monitor Bookkeeping adopts Receipt Bank!
Here at Monitor Bookkeeping Services we understand that the time you spend on your bookkeeping and expenses could be better spent building your business.
Therefore, we’re pleased to announce our adoption of Receipt Bank, the Xero add-on which removes the burden of data entry and gets rid of your
boxes of paper.
No more storing receipts and invoices!
Your bank feed supplies Xero with the latest information on your cash in / out. The Receipt Bank feed adds to this by inserting your receipts and supplier invoices into Xero. By adding transactions that have yet to hit the bank account and the supporting documentation of your bank transactions, Receipt Bank ensures that your data in Xero is richer than ever before!
How to submit your receipts and invoices
You can submit your receipts and purchase invoices to Receipt Bank in a variety of ways! Via iPhone and Android apps, Dropbox, email-in, or upload from computer etc. You can even post your paper to Receipt Bank for them to scan and upload directly to your online account.
Receipt and invoice processing
Receipt Bank extracts the necessary data from the transactions and securely stores the scanned copies in your on-line account, ensuring 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 is continually taking advantage of new technology to help our clients improve their businesses!
If you aren’t currently a client of Monitor Bookkeeping Services please contact us on 0447 370 301 and we can help you to set up a Receipt Bank account and give you further information on our other services.

Bookkeeping For Tradies

 


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Are you a Tradesman or Tradeswoman?

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.

  • Or maybe you had someone who you thought you could trust but got it all wrong because of their inexperience.Over time the problem becomes so big that:
    • It has taken over your office
    • It keeps you awake at night
    • You don’t know where to start
    • You’re fearful that the ATO will call
    • You have no idea how much tax or GST you owe
    • You are completely in the dark

    It’s what we call “The Bookkeeping Monster!”

Contact me today for a free consultation worth $100.

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

AARRRGHHHWould you hire an unregistered plumber? How about an unregistered electrician?  You wouldn’t, right? Then why would you risk using an unregistered BAS agent?

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?

Contact us now

Business Bulletin Spring 2014

In this edition we:

  • Look at the fixed versus variable interest rate debate
  • Provide some tips on how to minimise the chances of an ATO audit
  • Explain the importance of systematising your business
  • …and more?

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