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Importing Bank Statements – why is this so important?
- Bank statements are the single most important source of data in bookkeeping for small businesses. Get the bank statements analysed, and a significant part of the bookkeeping job is done.
- There are two main steps for each transaction, whatever software you use:
- Record the transaction details in the software.
- Apply the correct category.
- In My Bookkeeping Online, we highlight the import of bank statements because of the speed with which you are able to record transaction data into the software. Regardless of the number of transactions, it takes just seconds, saving you huge amounts of time.
- The added benefit of the importing files in this way is that the transaction details are copied completely and accurately into My Bookkeeping Online, cutting out the risk of manual input error and - one for your accountant - simplifying the bank reconciliation.
- Bank statements are the single most important source of data in bookkeeping for small businesses. Get the bank statements analysed, and a significant part of the bookkeeping job is done.
- There are two main steps for each transaction, whatever software you use:
- Record the transaction details in the software.
- Apply the correct category.
- In My Bookkeeping Online, we highlight the import of bank statements because of the speed with which you are able to record transaction data into the software. Regardless of the number of transactions, it takes just seconds, saving you huge amounts of time.
- The added benefit of the importing files in this way is that the transaction details are copied completely and accurately into My Bookkeeping Online, cutting out the risk of manual input error and - one for your accountant - simplifying the bank reconciliation.
