Poole Group

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Find time for the more important things in life...
As you business grows so does your accounting needs. We have developed a range of packages that will grow with you and, along the way save you time and money. Talk to one of our specialists to find out how our accounting solutions can assist you.

Top 5 ways clients are saving time on the cloud...

Cloud based accounting programs are the talk of the town at the moment amongst our business owner clients but many people have not yet grasped the huge time savings that can be achieved by using some of the programs available.

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Below are my top 5 ways Poole Group Clients are using Cloud based accounting programs to create huge time savings:

1. Bank transactions fed directly to your accounting program

Through establishing a link directly to your bank accounts, your accounting program can monitor all transactions that occur in each bank account. Reconciliation can be a breeze with no more working through a paper statement and trying to match the transactions to your accounting program and searching around for that missing 20 cents.

2. Automatic Rules for Common Transactions

If you have common transactions occurring in your bank accounts (we all do), your accounting program can now be set to automatically suggest how to code them. This results in a tremendous time saving for those recurring bills like electricity, interest, phone and also for common income transactions such as Eftpos terminal payments or cash deposits.

3. Suggested invoice matching

What if when your clients paid an invoice your accounting program automatically suggested a match between the payment and the invoice? Well that is exactly what is achieved by using the new cloud based packages. If the program sees a receipt for $500 and has recently produced an invoice for $500, it will suggest that the two are related and reconciliation is a single click of a button.

4. Semi-Automatic Wage payments and Employee Portals

Paying employees is now as easy as entering the hours, approving a pay run and then in a few minutes all employees are paid and pay slips have been emailed to them directly. If employees need their last 3 pay slips or want to know their YTD balances, they now log onto the portal and check it for themselves... which makes one less job for your administration staff (or yourself)!

5. Automatic Superannuation Payments

How much time do you, or someone in your office spend processing super payments? Imagine if it could be done in 5 minutes. Well it can! Businesses are saving HOURS of time by using the automatic superannuation payment functionality now available.

This list is just five of the many ways that Cloud based programs such as Xero or Saasu can be used to save you precious time. To discuss how these programs would benefit your business in greater detail, contact This e-mail address is being protected from spambots. You need JavaScript enabled to view it or This e-mail address is being protected from spambots. You need JavaScript enabled to view it at Poole Group to organise a catch up.