The demand for technology and tools that facilitate collaboration and empower businesses big and small is greater than ever before. To remain competitive and productive, Australian businesses need innovative software and applications that allow processes and systems to function optimally and simultaneously.
This means building a network of integrated platforms and services that allow you to remain adaptable, flexible and resourceful. This way you’ll know that each specific part of your business is running efficiently.
API stands for Application Programming Interface and to break it down simply, API integrations allow you to easily connect softwares and communicate with other programs using simple authentication such as an email and password. Using a lot of little services that integrate allows you to create a powerful process.
There’s a growing number of add-on apps within communities like Xero and Intuit QuickBooks Online that can make your business operate more fluidly.
How to overcome the problem with accounting software using add ons
Accounting software, both online and cloud-based systems, have changed the way businesses manage their accounts. By using a platform like Xero, QuickBooks or MYOB you have greater visibility of your cashflow and information about your income and expenditure.
But you’ve probably noticed that there is a key part of the process that you’ve been missing – the paper trail that is stacked away in shoeboxes and folders.
This is where a premier accounting software add on like Receipt Bank comes in.
Receipt Bank is designed for small to medium-sized businesses. It organises and extracts all the key data from your receipts and invoices, and publishes it to your accounting software.
All you have to do is send your receipts and invoices to Receipt Bank and the data including supplier, date, tax and total will be categorised and assigned to a bank account in your accounting program.
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