Expense management is an important thing to have control of in order to keep a business running smoothly. But it can be a time-consuming process, full of paperwork, data entry, and chasing up staff members for receipts and invoices.
Xero’s integration with DiviPay promises to make the whole process easier, with seemingly half of it being done by staff members on their mobile phones!
But how does it all work?
Continue reading Xero’s Integration With DiviPay Can Help Small Businesses Manage Expenses
One of the most publicised recent acquisitions for Xero was Canadian Receipt Capture, Scan and Coding software HubDoc. Rather than send a “bank-like” email informing users that the monthly fee to use Xero was increasing, Xero “sold” the value of the pesky increase of $2 as a saving of $27.50 because they included the Receipt Capture features in the software! That’s smart marketing.
In the meantime, MYOB forged an alliance with Bunnings as every large fintech, accounting and banking organisation tries to get into the Smart Receipt marketing at the source. Here are some of the things that have happened.
Continue reading NAB Slyps past Xero Hubdoc to integrate Smart Receipts for Merchants and Customers
DO YOU GET frustrated when you see the little box at the bottom of the BAS lodgement form? You know, the one where they ask how long it took to complete the form because I feel like writing, “It took 10 minutes to complete the form, but 4 hours to do the data entry and bank reconciliation work!”
Junior bookkeepers, accounts receivable and accounts payable clerks, and office administrators will all share that their most time-consuming work is data entry, coding and bank reconciliations. However, there is software available which almost totally automates this work — and it’s becoming increasingly accurate and speedy.
Continue reading Receipt Scanning, Automatic Coding – Boon for Bookkeepers or Job Killer?