![]() ![]() ![]() ![]() "Want more than just tax preparation? I have always told prospective clients that most anyone can provide accounting and tax services from a compliance perspective. "Too time-consuming to make a trip into our office for help? I can save you time and money by using technology to remotely fix problems or just answer questions." -Jennifer Wentworth Count on me for prompt and professional service." -Heather Graham "Do you need to know what your business is worth? As a CVA I handle everything from estates to divorce to mergers and acquisitions. "Have questions about your account or statement? My focus is customer service and helping clients execute investment transactions." -Bethany LeViere "Does your CPA speak your language? I enjoy solving accounting problems and helping my clients understand the processes they need to minimize such problems." If your bank feed is causing more headaches than relief, we can help, just get in touch with us. We can also help with fixing systems already in place. We have the experience, knowledge, and tools to make sure your bank feeds work to your benefit. Robert F Murray & Co, CPAs can provide you with professional advice and setups. This concept further strengthens the benefit of professional help and the importance of a proper setup. A professional may seem expensive, but a lay person will cost even more. To take this idea one step further please consider the following. An ounce of prevention is worth a pound of cure. It is often more costly to correct than to setup. The benefits of proper setup far exceed the cost. That may come in the form of your time or a bill from a professional. There is going to be a cost associated with setup. Setup is the key when it comes to bank feeds. They can cut cost and increase efficiency, but can also increase cost and reduce efficiency. That means you, your bookkeeper, or a CPA is doing more work.īank feeds are a two-edged sword. If the information is incorrect someone will need to fix it. Similarly, if this work is taking place in the background because of automatic bank feed rules, then the issue may not surface until the end of the year.Ī second danger is increased cost. If the bank feed automatically codes all office supplies to income then your books will not be right from the beginning. For instance, if your automation is setup incorrectly then you will have garbage in and garbage out. While automation is beneficial it can also be detrimental. These benefits are very personalized and will mean different things to different people. This may mean that you save money or headaches. The list of pros may seem short, but there are major implications associated with increased efficiency and reduced turnaround times. That means you can have valuable information more quickly. Because bank feeds can be automated it also reduces the turnaround time. The less time you, a bookkeeper, or CPA spends working your books the better. We will explore the pros and cons to using a bank feed.Īutomation is king when it comes to efficiency. As with most things in life there is always a caveat. This means more time working on your business and less time working on your books. If used properly, bank feeds can greatly reduce the amount of manual data entry that is required. ![]() QuickBooks bank feeds are a powerful tool provided on the desktop and online platforms. ![]()
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