Did you know they are releasing new features all the time? Below are some of the new features available (and some old ones you may not be aware of).
Throw away the shoebox
You may be aware of a feature called the "In Tray", where all of your expense receipts and supplier invoices can be sent electronically and used to create Bills. But did you know that these documents can now be attached to any bank feed transaction? When we log in to perform some compliance or advisory work for you, we can also see the supporting documents attached to your bank transaction – and the best part is that your documents are now filed securely in the cloud.
Some suppliers, (e.g. Officeworks) will send their invoices straight to your In Tray, ready to be matched to a bill or payment.
For more information on the In Tray, click here.
For more information on attaching documents to your bank feed transactions, click here.
Sick of chasing your customer payments?
You can now schedule Essentials to send a reminder to your customers that they have an invoice due at intervals 3 days before, 1 day after and 14 days after the due date. This is a feature that has to be turned on before it will do anything, and it can be turned on only for specific clients if you choose.
For more information on setting up Invoice Reminders, click here.
An oldie, but a goodie: rules!
Arguably the best features of Essentials are the Bank feeds and rules. Bank feeds save you time keying the data from your bank transactions, leaving only the task of allocating them to a reporting category (account), or matching them to a Bill or Invoice. Even better, by setting up some rules, you can have Essentials perform this task automatically as well. For example – do you always shop with the same suppliers for fuel? Tell Essentials that anything from these places are fuel costs, and you won't have to do anything with these transactions again.
For more information on creating rules, click here.
If you would like any information on the above, or if you require assistance, please don't hesitate to contact us.
Additionally, support from MYOB is part of your subscription.