MYOB finance: get a line of credit in sync with your cloud accounting

Posted by Team Waddle on 02-Mar-2017 10:01:00
Get Waddle’s MYOB finance add-on and access the cash tied up in your invoices instantly.

Get a MYOB loan with Waddle

Do you use MYOB cloud accounting? Could you do with a quick line of credit to help you cover cash flow gaps? Get Waddle’s MYOB finance add-on and access the cash tied up in your invoices instantly.

What is Waddle?

Waddle is an innovative invoice finance solution that instantly connects with leading cloud accounting platforms (Xero, Quickbooks and Netsuite, as well as MYOB finance) and generates a finance offer unique to your unpaid invoices within a few clicks.

It makes managing cash flow easy with a simple line of credit based on the invoices you select. You draw down on the money only as you need it and the credit line is adjusted in real-time as more invoices are raised and paid.

Not only does it help with cash flow, but it saves time as well. The cloud accounting integration means there are no invoices to upload and reconciliation is instant, making bookkeeping a breeze.

It’s also fully confidential, so important client relationships stay with you and there are no lock-in contracts or hidden fees.

A guide to Waddle's MYOB finance

1. Which version of MYOB do I need before I apply?

You will need to be using any of the MYOB AccountRight or Advanced options and storing your company file in the cloud.

Read the tutorial about working in the cloud with MYOB.

2. Link MYOB AccountRight to Waddle

Simply click 'Get An Offer at the top of this page, enter a few details then click the MYOB logo to connect and you're away.

3. Receive your financing offer & accept

Once you have completed step 2, Waddle will automatically sync with your company accounts and provide you with a loan offer. If you are happy with the terms, hit open account and you will be taken into your new dashboard to complete the final steps.

It makes managing cashflow easy with a simple line of credit based on the invoices you select. You draw down on the money only as you need it and the credit line is adjusted in real-time as more invoices are raised and paid.

4. Turn on Bank Feeds

Lastly, to ensure you complete your setup correctly with MYOB you will need to have "Bank Feeds" enabled for your company bank account and your Waddle account.

Why do we need this? Waddle automatically assesses your credit limit in real-time to provide the maximum funding to your business. Without bank feeds enabled we simply cannot provide you with a seamless experience. Turning on feeds for Waddle also allows you to save time by automatically syncing your Waddle transactions with your MYOB account.

Read the tutorial about setting up bank feeds in MYOB. 

Inside Waddle

Every business needs easy access to low-cost working capital. Subscribe to our blog to receive updates about invoice financing and to read about the impact that modern invoice financing is having on Australian businesses.

 

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