Online bookkeeping service with live link to start-ups’ bank accounts launches
Crunch Accounting claims BankBolt software will avoid the need to input bank statements manually
Online accountancy firm Crunch Accounting today announced the launch of a new bookkeeping product aimed at start-ups, which it claims will eliminate the need for time-consuming manual input.
Entitled BankBolt, the software will use live bank feed technology to synchronise transactions from users’ bank accounts with the company’s Crunch accounting software, allowing bank statements to be updated automatically without the need for human intervention.
Crunch accounting will use the secure BankLink live feed service to deliver its product, which will work with high street banks HSBC, NatWest and RBS as well as the firm’s own private bank Cater Allen.
The firm claims the BankBolt product will never require users to disclose their banking or personal details to any third party, minimising users’ exposure to online security risks such as hacking or fraud.
Darren Fell, managing director of Crunch Accounting, said: “Small business owners have enough on their plate without the added burden of having to manually input or upload bank statements.”
“Bank feeds are an innovative development for the world of accountancy, but we’ve been diligent about selecting a service that delivers on speed, without compromising our high standards of security and quality.”