Direct connection to PayPal

We’ve built this as a direct feed. This means Saasu communicates directly with PayPal to get your data twice a day. It’s easy to setup in a few minutes. All you need is a business PayPal account, as personal accounts don’t have API access. PayPal offers free upgrade for Personal to Business accounts.

Fee handling

You can easily account for fees associated with your PayPal transactions. For example: a $97.80 amount received in your PayPal automated feed may relate to a $100.00 original Sale. You can now easily update this transaction to account for the fee by editing $97.80 to be $100.00 in the feed. Saasu will automatically account for the $2.20 PayPal fee.

Multi-currency is supported

The automated feed will also handle most common situations for multi-currency files such as those paying foreign currency amounts for goods or for billing people in foreign currencies and accepting payments via PayPal.

• Co-branding – Subscription admins can upload your own logo in the footer area.
  
• Default trading terms in “days” per customer. You can also set this on the customers Contact record. Trading terms “methods” is coming soon.
  
• Easily remove “Powered by Saasu” for paid users in the Settings screen.
  
• Remittance Advice and Receipts – new merge fields for these templates.
  
• Import Shoeboxed CSV files. Shoeboxed will have an Add-on available soon that automatically pushes your scanned transactions into your Saasu file.
  
• Improved performance and search for Automated Sales and Purchase listing screens.
• New Settings screen to allow for new settings coming in our next major release.
• Bank Feed amounts for a pay run can now be reconciled to Saasu Pay Runs.
• Organisations – are now better supported via our API. Company UID.
• General Ledger report – print issues in some browsers have been resolved.
• Import CSV support for – Bank of Montreal (Canada), Adelaide Bank (Australia).
• Bank Feed support for – UBank (Australia).

We are very excited by Automated Bank Feeds as they cement Saasu as a market leader in the online accounting industry having all the fundamental components of Workflow, Payroll, Inventory and Point-of-Sale.

Saasu has decided not to charge extra for bank feeds.  We believe in creating extreme value for clients by continually offering more at a lower price.  We will also provide unlimited bank account connections within your Saasu file.

What are Automated Bank Feeds?

In essence they elimate data entry. Your bank and credit card transactions feed into Saasu automatically. You can easily create transactions in Saasu from this data (using the + icon). You can also reconcile these transactions against existing transactions in Saasu by accepting the matches we find using our clever matching engine.

Connected in 5 minutes!

1. Go to Automate > Bank Feeds.
2. Select the Bank Account you want to connect.
3. Click “Connect to Bank Feed” and fill in your bank credentials. More…

We would love you to let us know what you think. Enjoy!

Our competitors have taken a bank feed approach whose idea came from a company I have a lot of respect for called Banklink. It’s an excellent method for Micro Business data creation and coding. It has a major catch though which it’s usefulness as a company grows and needs real time billings (often inventory based) and capture of payables for cashflow monitoring. Our approach is a leap ahead.

What is this difference? We believe Bank Feeds are only one piece of the picture we need as businesses have many real time sources of data that are more useful than bank data (which is a day or more old). As an example eBay and Trade Me traders have inventory based transaction and drop shipping automation requirements. We can manage most of their automation requirements by pulling data feeds directly from these systems. We were the first to launch a Trade Me connector only last week. We are talking about the basics here like sending a detailed invoice in realtime, not creating it a day or two later from a bank feed which only has limited information. That said, bank feeds are great for Micro Business and we will be announcing a Micro Business product available from your Saasu Accountant with bank feeds.

Data Feeds is how we are looking at this space. Bank feeds are a subset of Data feeds.

Merchant gateway transactions, ecommerce website data, transaction feeds from PayPal and shopping sites like eBay and Trade Me are very useful streams of real time data. It’s a much bigger picture we are addressing. Some will be direct connections built by us and some will be via data brokers like OneSaaS, Boomi, Yodlee and others which we won’t disclose just yet (I let the cat out of the bag too early once before).

People often ask us why we left building bank feeds for so long. Well the answer is simple. Sometimes in business it’s better to let others go first. Particularly if you have an approach you don’t want to them to know about. The second reason is we were more focused on Small Business, who haven’t been demanding the bank feed feature as much, it is typically a Micro Business or Sole Trader type feature request. Small businesses tend to create invoices and send them rather than create them from a bank feed. They also enter purchases they haven’t paid so they can get a feeling for their future cash position rather than finding out how much cash they have after they pay their bills. Bank feeds don’t give them a future cash position.

So now we are about to close out another point of difference and provide an offering for Micro and Small businesses. Most importantly at the right price. We have built Saasu methodically and efficiently over 10 years so that the price is right for clients.

We will be issuing a formal press release soon providing complete details including pricing. If you registered to be a beta tester you will be sent an email when your file is ready to try out the new preview release. We hope you enjoy it.

Yodlee is an interesting company who specialises in supplying bank data feeds (permissioned read-only) to companies like Saasu. In short our customers will be able to give us approval to feed their bank data into Saasu.

Yodlee support over 9,000 banks and credit card companies. If Saasu attempted to connect to the volume of banks that we need to directly using our own resources then the price we would have to sell subscriptions at would be higher. We are realistic about what small and micro business want to pay for their accounting service so if this feature can be enabled cheaply then we will provide it.

Recently Yodlee had ANZ bank connected so it’s only a matter of time before other non US banks fall under Yodlee’s wing. Saasu will start providing bank feeds as soon as the service can be offered at the right price for small and micro businesses. In the mean time it takes about 3 minutes to transfer a CSV file from your bank and load it into Saasu. It’s very simple once you have have had a go at it once.

The team over at WorkflowMax has built a fantastic Saasu Connector.

WorkflowMax is a web based, job management solution that will streamline your business, saving you time and money. It has been designed for small to medium sized, service based companies that charge time and costs.

It’s a live connector in that Saasu and WorkflowMax talk to each other without you having to do anything or be signed into either service. Just make the initial connection by adding your sign-in details to WorkflowMax for your Saasu business file. Before doing this have your Saasu API key handy. To get your Saasu API key goto My Saasu and click on Subscription: YourBusiness and then click on your user name in the list of users.

Probably even more interesting is that larger firms which already use the salesforce.com customer relationship management (CRM) can now integrate directly with Saasu. For the rapidly approaching one million users of salesforce.com this is great news too because they get to use the best value online accounting and business management SaaS on the planet!

Your sales team and accounting team will never argue about which version of which client’s details to send the invoice to ever again.