The question of whether or not to use Receipt bank has only one answer: if you want to reduce unnecessary time spent by yourself or your staff on monotonous data entry; if you would prefer to spend time reading your financial reports instead of entering all the information that creates them; if you would rather keep copies of your paperwork in an accessible location where you are certain to find a copy if needed in a hurry, and, if you want to cut down on the duplication of low value tasks and increase time spent on value added tasks in your business then YES – you do need to use Receipt bank. Prior to the advent of Cloud Technology, XERO Accounting Software and Receipt bank, there was only paper, paper and more data entry. Phew that was hard work and monotonous and cumbersome and every other time consuming word that I can think of. How can you change the focus of your day from the low end tasks to higher ones. Simple. Cut out the unnecessary entering of supplier bills and invoices. How does Receipt bank Work? Simple - Receipt Bank extracts the key data from your bills, receipts and invoices and publishes it directly into your accounting software. You can add items to Receipt bank in many ways.
Post paperwork to receipt bank via Australia Post
Upload using the smartphone APP
Email Directly to your unique receipt bank email account
Upload directly into the receipt bank portal using the ADD items tab.
Once items have been sent, they go through data extraction process. During processing, all the key data from the items will be extracted from the digital image of your item. Once processing is finished, the items will be transferred to the 'Ready for Export' section of your 'Inbox'. From here, all the data can be downloaded as a CSV file, or published to XERO or a number of other accountancy software packages with which Receipt Bank can be integrated. Once you have published or exported the items, they will be moved to your 'Archive' tab where they are kept for a minimum of 7 years. From here you can access them, and also print them off should you require a hard copy of your items. How Can I register for Receipt bank? If you are already using Xero accounting software, adding the Receipt bank function integration is easy. You can contact us at the BAS Agency for more information - admin@basagency.com.au or log on to http://www.receipt-bank.com/ to register yourself. If you want to learn more about Xero Accounting Software and Receipt bank integration, register for our upcoming course: A Year in the life of a business using XERO Accounting Software. REGISTER NOW for our two day course: October 28 – 29th, 2015 The course is held in Perth CBD and the cost is only $660 which includes all course materials, refreshments and lunch. https://www.eventbrite.com.au/e/a-year-in-the-life-of-a-small-business-xero-training-tickets-18360461635