Books

If you would like to be more involved in the accounting process, BankLink Books is for you.

BankLink Books dramatically reduces the time you spend entering and coding transactions, so you can focus on running your business.

How does BankLink Books work?

Each month your Accountant emails you a BankLink Books file. This file lists all of your bank or financial institution transactions for the current month.

You code each transaction to the appropriate income or expense category using the chart of accounts that your Accountant has provided, or from your own list of regular suppliers (called Payees).

In BankLink Books you can 'memorise' recurring transactions such as bank charges, loans and regular bills, so that the next time they appear they are coded automatically for you.

You can use BankLink Books to track how your business is performing, by running a range of reports including Cash Flow reports, Profit and Loss statements and GST reports.

Once you've finished for the month you email your BankLink Books file back to your Accountant, who will review and complete it. Since your Accountant is using the same software as you, transferring files back and forth is quick and easy.

What does BankLink Books look like?

To read your BankLink Books file you will need to install the BankLink Books software onto your computer. This software and all software updates are provided by your Accountant.

Here's an example of a BankLink Books file:

What are the benefits?

The key benefit of using BankLink Books is that it dramatically reduces the administration time required to do your accounting. BankLink Books eliminates the burden of data entry without making things complicated or technical - this makes it far easier to use than other accounting systems. It all adds up to you and your Accountant having more time to focus on building your business.

How do I get started?

To use BankLink Books you need to speak to your Accountant who will provide an authority form for you to complete. This form is sent to your bank for your signature verification. Once approved, your bank will forward a secure, electronic copy of your statement information to your Accountant via BankLink.

Where can I find more information?

For more information about BankLink Books, talk to your Accountant today.