bank feed | bank feed
QNE SOFTWARE & UOB bANK
We are proud to announce that QNE Software is partnering with UOB Bank to provide better financing solutions for your business.
QNE is now enhancing its functions to incorporate bank feeds from UOB Bank, allowing easy, fast and secure auto update bank transactions into your accounting software.
WHAT ARE BANK FEEDS?
Connecting your bank account to your accounting software is the fastest way to accurately record your companies financial transactions.
A bank feed is a secure online connection between your bank account and accounting software that imports bank transactions automatically into your accounting software on a daily basis.
An authorisation to the Bank is required to link the bank and accounting software. This process can vary depending on the bank and the software.
advantages of bank feeds.
Fast, easy and secure set-up process in just less than one minute.
Save time as transactions is automatically sync via its synchronised solutions.
Bank feed saves a lot of your time as no manual entry of transactions or manual importing transaction is required once the set up process is done.
Manage your cash flow with real-time data and thus generates accurate reports for smart management and future forecasting.
User can use this information imported from bank to match payments to outstanding invoices and system will create the bank transactions automatically.
By allowing accounting software to automatically import a customer’s financial data, bank feeds give business owners an up-to-date view of their business’s financial performance.
Bank feeds also help business owners to avoid the mistakes that can often be made when manually inputting lots of transaction data.
auto bank reconciliation
Bank Feeds helps improves bank reconciliation and makes it easier to reconcile the accounts at month end.
– speed up your bank reconciliation process
– increase accuracy of reconciled transaction
– system will automate search the appropriate matches between bank statement and your accounting software
– show out all transaction that appear in the statement that is yet to key into the system.