Connect with us

NEWS

Reckon introduces link to bank data to help small businesses streamline the reconciliation process 

Reckon introduces link to bank data to help small businesses streamline the reconciliation process

Reckon Software, the UK arm of the Reckon Group and a leading global provider of software solutions for accountants, and small to medium sized businesses, announced today the introduction of a Bank Data function for its online accounting software program, Reckon One. The aim is to reduce the time and effort required to run a business and eliminate the manual input of bank and credit card transactions with an automatic bank feed.

Reckon introduces link to bank data to help small businesses streamline the reconciliation processThe new Bank Data function streamlines the reconciliation process by providing a connection to a range of High Street banks so that the latest banking and credit card transactions are imported directly into the Reckon One account where they are presented on screen. This simple to use module reduces the tedious task of manual data input by automating transaction entry and bank reconciliation. It reduces the risk of errors and gives the business owner a fast and visual update on financial position in real-time.

Transactions are shown on a month-by-month basis for ease of reconciliation and once the chosen processing / reconciliation rules are applied, the month can be locked down in readiness for year-end. In line with the Reckon approach to provide powerful yet affordable accounting software for small businesses that want to step into the Cloud, Bank Data costs just £2 per month. It has the potential to transform the small business’s ability to monitor its’ financial position with live information that is always up-to-date.

Mark Woolley, Director, Reckon Software says: “The new Bank Data module provides an important direct link between a business and its bank and makes reconciliation faster and more accurate. The ability to view and analyse bank information in real-time gives businesses a real edge.”

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Recent Posts