One of the first things we do for a new client is to perform an audit on the clients current bookkeeping systems to see if there are areas where we can implement efficiencies within the bookkeeping process. In most cases, we are able to reduce the number of hours required to perform the role that passes on real cost savings to the client.
One process that is reasonably standard across all clients is the payment of suppliers and employees. MYOB M-Powered Services allows you to pay your supplier and employees directly from your MYOB software. Many clients are already exporting their payment files directly to their banking interface via an .aba file. M-Powered takes this one step further, allowing the bookkeeper to process any payments as directed by the client, however the payment file will not be sent to the bank until it is approved by the client. This adds an extra level of security and also eliminates the extra step of having to enter the payment details within your banking software.
To learn more about MYOB M-Powered or discuss other ways we can improve your bookkeeping process, contact 123 Bookkeepers & Accounting on 02 8014 8955
To find out more please call us on +61 2 9086 9444