Online accounting software developer Zoho Books said Tuesday it can now automatically retrieve transactions from users’ bank and credit card accounts and import them into the program.
Users previously had to manually enter the account and transaction information in Zoho Books. To improve this process, Zoho has integrated Yodlee, a digital financial management provider, to establish the automatic bank feeds in Zoho Books. Users can now automatically download bank and credit card transactions, match the downloaded transactions, and accept or reject them for inclusion in their reports.
“Our goal with Zoho Books is to make it the must-have accounting software for every SMB,” said Zoho evangelist Raju Vegesna, “That means making Zoho Books powerful yet easy to use, so they can effectively track their business financials without wasting time and effort. The new automatic bank feeds feature reinforces that efficiency and effectiveness by reducing the burden placed on the user.”
Zoho Books, with automatic bank feeds, is available immediately. Users can sign up for a free 30-day trial and evaluate the software for their accounting needs.
The monthly subscription charge for two users is $24, and yearly subscribers get a two-month discount. Additional users can be invited in Zoho Books for $5 per user, per month.
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