Getting hold of your clients’ bank data is about to get much easier.
No matter what your software, bank or process, Receipt Bank will soon be able to automatically fetch your client’s statements directly from their banking portal. That means no chasing, no downloading and no transcribing. Find out more below.
THE DOCUMENTS YOU NEED, WHEN YOU NEED THEM
Reconciling with your clients’ bank data is an essential part of the bookkeeping process. However, getting your hands on the data in a timely fashion can be easier said than done.
Not all banks support bank feeds, and too many accountants and bookkeepers waste time chasing clients for bank statements. Alternatively, they type data from a downloaded PDF into a spreadsheet, ready to upload.
Receipt Bank recently introduced the ability to process bank statements with our award-winning data extraction technology. Now we’re combining it with our new Fetch technology to make your bookkeeping easier than ever.
INTRODUCING BANK FETCH
Bank Fetch collects your clients’ digital bank statements from their online banking service, making it easier for you to access them.
- Regularly checks for new statements;
- Automatically pulls them into your account for processing;
The process is much more simple and efficient. To get started, you just need to get your client set-up with Bank Fetch. Either use their login details to get it set up on their behalf, or ask your client to use their login details to set it up themselves.
After this, Receipt Bank will regularly check the online banking service for bank statements. Once available, they’re are pulled through to the client account. You can then choose what to do next, whether that is to download or send it for extraction. If you need to check anything, you can see available statements and whether to process them in your ‘Bank’ Tab.
Once you have processed the statement, all you need to do then is export the data and upload it into your accounting software, ready for reconciliation.
This means no more chasing clients. Instead, hands-free, automated collection of clients’ bank statements at your fingertips.
WHO IS IT FOR?
Bank Fetch will soon be available for our partners on Streamline and Optimise. To be one of the first to try the beta tool, plus see first-hand how much time it saves you, register your interest here.