Today in the Panthera Office we’ve been getting excited about the announcement from Xero that automatic bank feeds are now working for over 55 banks in the UK. I’ve just set up our first feed with RBS for a client and in about 10 minutes we’ve done away with having to import bank statement data or tick off paper statements. So what does this mean for our clients?

Automatic bank feeds means that every morning the bank data from the previous day is pushed from your bank, over a secure connection, into your bookkeeping software. So the information in your books is completely up to date, every day. This means that, if you’re doing your own books, your information is timely and accurate, and if we’re doing it then we can spend more time helping you to run your business better because we’re not wasting time waiting for information on paper or downloading files from your online banking website.

If you’re interested in how Xero might make your life easier please give us a call. We’re very happy to do a free demonstration and talk through what is involved in changing software.