Accounting firms in Australia have been looking for a cashbook solution for a long time since MYOB took over Banklink. Most of the cashbook solutions like Xero accounting software offer bank feeds and GST reporting with a very cost effective price and for small businesses, with no payroll or invoicing requirements, this can be expensive.
Out of all the popular cashbook solutions, Accounting Firms often assess the efficiency of Xero Vs MYOB vs QBO. SME Cashbook is mainly designed for SMEs with less than $10m annual turnover that requires a simpler BAS report with some intelligent reports with filters for analytics. Automatic bank feeds with the ability to save search terms and split the transactions are essential in any cashbook product, and SME Cashbook does that well. For about $11 per month, including GST, the subscriber can do all of the following:
- Track revenue & expenses
- Automatic bank feeds*
- Insights & reports
- Ability to upload your own Chart of Accounts
- Manage suppliers, customers & contractors
- GST Report for BAS
- Ability to invite accounting firms
- Export reports in HandiLedger, Final Accounts and standard excel formats
*1200 bank feeds transactions a month – up to three bank accounts per business (fair usage policy applies)
