Inside Waddle

MYOB Receives Direct (Bank) Feeds From Waddle

Posted by Team Waddle on 18-Aug-2015 12:55:54

MYOB BankLink & Waddle Feeds help make accounting quick and easy.

Waddle is able to provide bank feeds using MYOB Cloud Accounting Solutions. You can find Waddle's certified listing here. 

What is Waddle?

It works by supplying an electronic copy of your Waddle transactions direct to your MYOB account - or to you directly via your preferred online MYOB accounting product. This is done completely securely and means that you won’t need to supply your accountant with receipts, Waddle statements or any other paperwork.

Save time and money

By using a bank feed, you can save hours in manual data entry, which means savings in time and money (research suggests that the average small business can save as much as 10 hours per month).

If you currently use paper or a spreadsheet; keep receipts for accounting; have little or no accounting knowledge; don’t want to get too hands on with bookwork , then you should consider MYOB BankLink for your Waddle account.

Benefits include:

  • Eliminates the need to supply your accountant with receipts and or Waddle statements
  • Reduces the need for manual data entry in particular to Business Activity Statement (BAS) requirements and Income Tax
  • Memorises regular transactions such as fees, interest charges or customer payments so they are automatically coded
  • Provides easy communication between you and your accountant, so you can enter any additional transaction information needed

Security

MYOB BankLink is secure and complies with the stringent international security requirements of all financial institutions. Your transaction data is supplied in encrypted form and cannot be accessed by another other than you or your accountant. BankLink is completely secure and has achieved PCI DSS (Payment Card Industry Data Security Standard) compliancy – a security standard set by the major credit card companies.

 

What is BankLink?

BankLink is an innovative service that automates and streamlines the accounting process for accounting practices and their small business clients. These are daily feeds that have all your transaction history for your nominated accounts.

How do I sign up for BankLink?

Check with your accountant to see if they use MYOB software called BankLink Practice. Your accountant will send you an authority form to complete which you will need to complete your details and send this back to them. They will then forward this to MYOB BankLink for processing.

How often does Waddle send feeds?

Files are generated every business day.

Is BankLink Secure?

Yes. BankLink is completely secure and has achieved PCI DSS (Payment Card Industry Data Security Standard) compliancy.

Topics: Bank Feeds, MYOB, Product Release, Waddle Feeds

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