MYOB bank feeds let you access your bank account and credit card transactions with the information you have in MYOB AccountRight and easily add transactions. Information from your financial institution is sent straight to AccountRight so you can sort out your banking and reconciliations quickly.

Banks feeds are included with an AccountRight subscription and support many financial institutions in Australia, including banks, credit unions, and building societies.

Three great reasons why you should use bank feeds:

• Use bank feeds as a key way of entering information in AccountRight. Bank feeds speeds up transaction entry, as a lot of the work is done for you.

• Depending on how frequently your bank updates your feed, you can get information from bank feeds faster than from other sources. Instead of waiting for a remittance, you’ll know when a customer has paid you the moment it appears in your bank feed.

• When you confirm that the information from your bank matches the information in AccountRight, your AccountRight transactions are automatically matched and entered for reconciliation. You have a lot less work to do when it comes time to reconcile your accounts.

Contact us today to upgrade or get your bank feeds working.

The information provided here is of a general nature for Australia and should not be your only source of information. Please consult an experienced and registered tax agent as each small business’s circumstance will vary for end of financial year.