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Accounting at the nub - Nicole  July 15, 2013 – 00:00
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Intuit Launches QuickBooks API for the Australian market

Instead, it may automatically download bank statement data feeds via ATM. Besides taking back financial control and update your billing, online accounting movement also improve small business owners and managers have relationships with their accountants. With your financial data held securely in the cloud, business owner you can invite your accountant to see at any time even when they are on the road through their smartphones and tablets. This interactive capability can also help with critical processes such as finding a lender when new investment is required: something Kirsty Davies-Chinnock, president of the West Midlands based firm polished professional services (PPS) discovered first hand when working with the first accountants to apply asset-based financing. They sent us the forms, the lender came to our premises to run through our application, he says. They wanted to see details such as managing accounts current and previous years along with our own monthly bills. Using online accounting software Xeros could show all this information quickly and easily. Instead of having to interrupt the meeting and call the office, I was even able to answer some questions of the lender while out at lunch, simply by logging into the system on my iPhone. Using your smartphone or tablet as a sort of pocket office and billing in terms of work, small businesses can use online accounting software to reduce debtor days and improve cash flow.
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Xero accounting software gets its own Dummies book

The new module Retyping represents the error-prone and labor bills for redundant counter. The new billing module fits perfectly within Twinfields vision, focused on automating the accounting process as much as possible. Twinfield says that within the next few years, all business owners of SMEs should be able to run your business based on real figures, in real time, from anywhere and at any time. Accounting processes are increasingly being automated, changing the way business owners and accountants can work together, says Andre Kwakernaat, founder and CEO of Twinfield. The role of the accountant is becoming one of auditor and consultant. In a matter of years, simple accounting tasks only exist as data systems and become fully connected. The SME entrepreneur needs to gain direct insight into their own figures and make adjustments or take action whenever that might be needed. The innovative new software contains a unique feature that is new in the field of online accounts, including timelines, workflow and task list. Kwakernaat explains, with timelines, tasks are presented to you, rather than having to go find them and potentially forget things. It is also intuitive: you can start using the software immediately, without training. You can always see the latest status of a bill up if it was received and read by the client. And in real time, which provides credit and cash flow management significantly.
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