Accounting Link With A Business Account: This Is How It Works

Online accounting is becoming more and more popular, because it is a user-friendly way to keep track of your administration. It is often also possible to link your accounting package to your business account, how do you arrange that?

Online accounting package

Few entrepreneurs / self-employed people get really enthusiastic about setting up the accounting. It takes a lot of time, which you would rather spend on what you really like: doing business!

Setting up and maintaining the accounting takes the average entrepreneur no less than 17 hours per month (source: Basware Benelux). Yet you cannot escape it as an entrepreneur. Fortunately, an online accounting package can save a lot of time and make your life a bit easier. 

Your bookkeeper / accountant can easily watch

You can give your bookkeeper or accountant access to most packages. He or she can then easily check whether you have entered everything correctly and whether you can still use tax benefits. This way it can no longer go wrong with your administration .

Advantages of online accounting

An online accounting package has many advantages:

  • You can see at a glance what your turnover or costs are. Many packages automatically draw up a balance sheet and profit and loss account.
  • There is less chance of errors, after all your accountant can easily watch.
  • You can save a lot of time.
  • You have access to your administration everywhere.
  • You create a digital reference work.
  • From now on you can set up quotations and invoices digitally.

Of course there are many different variants on the market, each with their own advantages and disadvantages. To choose the right package, you would do well to put a list of wishes on paper. In addition, the price also counts, of course, there are big differences.

Accounting link with your business account

One of the important advantages of online accounting is that you can easily link to your business account. This way, all transactions from your business account are automatically processed in your accounting. You no longer have to worry about:

  • Payment orders
  • Collection orders
  • Information about balances

All this information is exchanged between your accounting package and your business account. This way you have collected all information about your financial position in a central place.

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