Xero announces UK Bank Feeds

Xero have today announced that you now have access to Bank Feeds from many of the major UK Banks.  Up to now the only supporting Bank was HSBC, but now you can add the likes of Lloyds TSB, Nat West, Santander, Bank of Scotland etc. to the list.

If you’re not familiar with Xero,  a “bank feed” is where bank statement data is sent automatically and securely by your Bank on a daily basis into Xero.  The benefit, of course, is that you don’t need to download and import your bank statement data (when you remember! [and assuming you use an online banking service]) so you have an immediate snapshot of your cash position.  This helps streamline processes and helps you focus on your cash-flow.

Accware are a Xero Partner and Xero Certified Advisors, we help SME’s improve financial and operational controls, to minimise costs and increase profits.

30th November 2010