Christmas has a habit of creeping up on us all, catching us unawares. Monitoring your cash flow situation is always a top priority for your business but even all the more important during the festive season when money comes in and flies out in a flash. Keeping track of your banking alongside the usual bookkeeping duties can easily send you round the bend, so an integrated solution that automates multiple tasks is the smart option for small businesses who are typically time-poor.
The KashFlow bank feeds service connects you to your online banking service and import your transactions directly from there into your KashFlow account. Not only will it save you time but it also ensures everything is accurate.
Once you have uploaded your transactions, you can then use the match and assign process in bank feeds to import the data into your bank account. When you first load the transactions it looks for any matching transactions automatically. These transactions have been matched based off system rules or custom rules, which operate off dates, date ranges and amounts. If you prefer, you can create custom rules by clicking ‘Matching Rules’, which will let you create a new rule for an invoice, purchase or a transaction.
Your security is a top concern for us so that’s why we’ve set up a secondary login question when setting up the bank feeds feature. This is known as multi-factor authentication and we recommend that if your bank offers such a service then you should activate it. Multi-factor authentication offers additional security and ensures that only you can access your account.
KashFlow is simple online accounting software for business owners that enables you to easily create professional invoices and add cashless payments to get paid instantly. You don’t need any specialist bookkeeping or payroll knowledge to use it as it’s simple to get to grips with. By using KashFlow you can save money, hassle and time, leaving you more time to respond to your customer’s needs. For a free no-obligation 1-2-1 demo just call the KashFlow on boarding team on 0844 815 5779.