How can iCashbook help me?

Using iCashbook will help you if you run your own business or look after the financial affairs of an organisation or simply want to keep track of money you receive and money you pay out. Here are some of the ways iCashbook can help you.

Fully automated

With almost all accounting software, a cashbook is created through the manual entry of transactions, which are then reconciled to the bank statement when the bank statement is received in the mail. iCashbook has turned this inefficient accounting process upside down by developing online software that eradicates this cumbersome time-consuming task and replacing it with a fully automated, online method.

It’s Online

iCashbook is 100% online so it can be viewed with multi user access anytime from anywhere in the world. You are not restricted to your home or office where your PC is if you wish to do some work. Simply log in from your hotel room or overseas office and you are operational.

Auto Bank feeds

By special arrangements with major banks your bank statement data is electronically delivered direct to your iCashbook automatically every day. This populates your cashbook schedules in seconds saving you hours of processing time. What previously may have taken a few hours to enter and process could now be completed in minutes.

Classification of transactions is “a breeze”

To make things simple for the user, transaction classification (or “coding”) tools have been developed to utilise one click and drag & drop techniques for classifying income and expenditure easily and quickly for the user.

Easy to use

Everything has been designed to make it easy for you to follow and use. It has been kept simple.

Never be “stumped” again

You have the unique TooHard Basket. This basket allows the user to “chuck it in the basket” if a transaction is too hard to classify or understand. Your accountant logs in, opens the TooHard Basket and clears everything for you in minutes. Saves hours of your accountant’s time and reduces fees.

Accurate and Efficient

As over 80% of the required work has already been completed by the bank and your bank is almost never wrong, the result for you is minimal data entry with maximum accuracy and efficiency.

Fast

iCashbook is unmatched by other online and offline accounting packages for speed. Because of the way transaction information is input and processed it is very fast.

Robust and secure

iCashbook has been built with most up to date internet technology and security features. It is robust and your data is secure.

Helpful to your accountant

A very important aspect of iCashbook is that it provides your accountant with clean records based on accurate, automatically generated bank statement data, bank reconciliations, and cashbooks. Because the software runs on a web-server, not on the client’s computer, it provides authorized shared access between client and accountant.

Automatic results and reports

Results from iCashbook allow automatic completion of GST or VAT returns. For thousands of small business owners and self-employed who don’t need an accountant, the Net Profit or Net Income figure from iCashbook will be the amount on which their tax is calculated and tax returns filed.