Mini Release: November 2011

We have completed another update to Saasu. Included are some changes listed below. We were also under the hood working on some highly requested features you have asked for via feedback.saasu.com. You will see these arrive in December and January. Last nights changes include:

Inventory Item History Report
The Inventory Item History Report now has additional information and filters that will help you better understand your margins, average costs and cost of goods numbers. It includes:

  • reporting of average cost
  • reporting of margins
  • gross profit margin for your entire sales
  • the ability to export to spreadsheet/CSV
  • the ability to filter by transaction type

Merchant Fees
Saasu has improved the handling of reconciling against fee items. If you have not nominated an account to record Merchant Fees against, Saasu will prompt you to do so in your bank account setup.

Fast Coding
The new Pending Transactions feature in Bank Feeds we released two weeks ago has been well received. Your Fast Coding screen in Bank Feeds now also displays pending transactions as read-only (greyed out). If Bank Rules are set up and applied to your transactions, Pending Transactions are excluded from this.

Pending Transactions

In this latest release of Saasu we are handling Pending transactions in our Automated Bank Feeds differently. We used to display Pending transactions and let you reconcile them. If the data changed significantly we had a rule built into Saasu to un-reconcile the transaction automatically. This would ensure you re-reconcile the transaction to confirm it is correct.

With hindsight we have found allowing our customers to reconcile Pending transactions to be more problematic than helpful. Accordingly, in our release last week we changed Pending transactions to be Read-only until Yodlee, our bank feed provider, updates them as finalised.

You can elect to view (but not reconcile) Pending transactions as an option on each Bank Feed you use in Saasu. By default this feature is OFF. You can turn this ON by going to View > Bank Account > Click on the Bank Account name to open it in edit mode > Tick the option Include Pending Transactions > Save the screen.

Release: November 2011

Our Labs team have been working very hard to bring this month’s release to you. It contains major enhancements to Saasu and we are thrilled to be able to share them here.

PayPal Automated Data Feeds
Connect your PayPal business account and transactions will flow straight into Saasu. We’ve also catered for the handling of merchant fees to save you time – Saasu accounts for the fees behind the scenes to an expense account.

Automated Bank Feeds for all Banks Globally
We’ve switched on all banks globally from our feed provider giving you a much broader choice of banks.  We’ve also built in a message to display when attempting to connect to a bank requiring multi-factor authentication (MFA).  We are working on supporting MFA in a future release.

Fee Handling for Automated Bank Feeds
Support for merchant fees in payments to bank accounts is now handled in Saasu.
Saasu Bank Feeds Fee Handling
You can now easily update a transaction directly in the feed to account for a merchant fee and Saasu will account for it behind the scenes to an expense account.

“Pending” Transactions in the Automated Bank Feed
We’ve received plenty of feedback on displaying pending transactions before they have been finalised. In this latest Saasu release the pending transaction behaviour has changed completely.

You can elect to receive pending transactions as an option on the back account (View -> Bank Accounts) but by default this is OFF. Also, due to the highly unstable nature of pending transactions and issues with reconciling against them, they are now displayed in ‘Read-Only’ mode and cannot be edited. They can only be edited once they are confirmed/posted. We have made them read only to ensure the data integrity.

“Quick Start”
We now have an easy 3-step setup for new subscribers.
Quick Start
This is a much more intuitive approach for new users, helping them navigate through the initial setup process for their files.

New Dashboard
The new dashboard allows for easy addition or removal of “dashboard widgets” by dragging and dropping the widgets into place.

This is part of our move towards a more customisable approach to the Saasu application.  For example you can now have a separate cashflow widget for each bank account.

Enhanced Bank Reconciliation Report
The report now supports the “clearance date” field in payments. This allows you to run the bank reconciliation report to generate historical reconciiations.

Update to Bank Feeds Screens
We’ve simplified the design of the inbox to make it more intuitive to use.

PayPal Automated Feeds

PayPalIn tonight’s update, Saasu will provide automated PayPal data feeds. This has been one of our more popular feature requests this year and we’re thrilled to be able to provide it.

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.

Release: September 2011

You may have noticed that we have been a bit quiet on major features. Well we have some big things brewing and the fruits of our effort will be seen in early October. However, last night’s release was about some significant engineering improvements and some highly requested features.

Not Getting Bank Data Fast Enough? Pending Transactions Now Supported
We have been feeling the frustrations that some of you have had due to the delay in getting finalised bank transactions via the Bank Feed. The reason was a number of banks had both a pending and finalised status of each transaction. The bank feed was only accessing the finalised transactions in order to remove the chance of duplicated transactions. We now have a way that will access the pending transactions in the next bank feed refresh and prevent duplications.

Payrun Matching in Bank Feeds Now Supported
If you use Pay Runs in Saasu and you’re not using our Bulk EFT file for processing payments, and instead paying your employees one at a time, you can now match these bank feeds transactions against your Pay Run.

More Banks Added to Bank Statement Importing
The new bank formats now available for bank statement importing include ME Bank (AU), Select Credit Union (AU), Berrima District Credit Union (AU), Southern Cross Building Society (NZ).

Release: August 2011

Last night we released some more features that many of you have been voting up the queue. In addition to features and enhancements we have also spent time making sure our online accounting application is fast by improving the performance of various areas.

  • 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.
    Showboxed
  • 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).

Sync Google Contacts with Saasu using OneSaas

OneSaas is a cloud based integration platform that allows you to synchronise your Saasu records with other web applications. This will allow you to enter or update a contact in either Google Contacts or Saasu Contacts and OneSaas will synchronise them for you.

The benefit of the OneSaas service is that it also links to many other web applications that you may already use in your business.

onesaas integration between saasu and google contact

OneSaas integrates the main functionality of Saasu from Contacts, Invoices, Items, Accounts, Bank Accounts to Tax Codes. Connecting to Saasu is done through a simple wizard process.

We’ve been using OneSaas to manage our contact records synchronisation between system Saasu operations use including Google Enterprise, Campaign Monitor and Marketo. Traditionally we had been spent hours moving lists around and updating records and instead replaced this with a small payment each month to automate these activities. You all know we love automation :)

OneSaas was founded by fellow colleague and friend, Corneliu I. Tusnea.

Fanatical Pricing

Better, faster, cheaper

Saasu loves pushing the boundaries on price and features in our industry. We are often perplexed by online systems that charge more than much older software products. We are fanatical about providing extreme value to our customers.

In this light we are announcing some pricing changes today given recent new features we have added to Saasu.

Bank Feeds

Saasu will be providing Bank Feeds, an easy way to get your bank data into Saasu automatically. This is a free feature upgrade on all paid plans even after the beta cycle completes this week. Your business file can also connect to unlimited banks for free subject to our fair play policy.

Enterprise Plan

Saasu has dropped the Enterprise Plan price dramatically by more than half it’s original price. We believe we have the best value serialised and assembly level inventory system in the world. We are talking about real inventory, with real accounting behind the scenes, not just prices list. Enterprise Plan prices are as follows:

AUD $89
NZD $89
USD $89

Saasu will remove the old $95 Corporate plan now that the Enterprise plan is cheaper. Customers on the Corporate plan will be automatically migrated to the new lower cost Enterprise plan. The next plan down called the Global Plan remains unchanged.

All Enterprise customers who paid for a one year subscription in the last 3 months will be given a free 3 month extension on their Enterprise files.

Saasu’s Enterprise plan gives you Saasu’s Advanced Inventory features and unlimited Payroll subject to our fair play limits.

Free Version.

To date Saasu has been very open and provided quite unrestricted use of trial features in it’s Free version. These include Group Payroll, Inventory and even API use. We have done this so customers can try it all out now but also in the future if they are thinking about upgrading. However many customers use these features in a commercial ongoing sense and accordingly we will be asking that these customers upgrade to the Professional version of Saasu or higher next month.

If you have any questions regarding this don’t hesitate to contact us via the service desk.

Press release: Latest Version of Saasu Leaves Competitors for Dust

Saasu is ramping up the battle with Xero and MYOB for dominance in the online accounting software market with the launch of a new version of its most popular product (which has more than 10,000 users in over 50 countries).

Weighing in at almost half the cost of its nearest competitor, the $16.50 per month ‘Accountants Edition’ version provides access from anywhere in the world to Saasu’s powerful automation tools, extensive reports, and contact management system.

Along with access to these core functions, included in the monthly package are 50 accounts receivable invoices, 50 accounts payable invoices, and 200 reconciled bank statement lines.

In comparison, Xero’s Small pricing plan ($29 a month) offers only 5 Accounts Receivable, 5 Accounts Payable, and 20 reconciled statement lines each month. This price is even more than the Saasu Pro plan ($25 a month) which includes unlimited invoicing and bank reconciliation, as well as a fully integrated inventory and payroll system.

Marc Lehmann, founder and Chief Executive of Saasu, says “We’ve always promoted Saasu as an affordable, scalable system for any business type, and this new release means just that for smaller organisations and sole traders.”

“To limit activity to 5 invoices a month is restricting for some businesses, and to charge as much as Saasu charges for its full-featured product for this limited service is extortion. Saasu is focussed on providing affordable time-saving solutions for businesses and their advisors, and now we’re making a stand against these prices. ”

Marc has long been a strong advocate for the Software as a Service industry, and goes on to explain that “online software shouldn’t just be easier for customers to use, it should be cheaper.”

“Although we take great pride in having the most feature-rich product on the market, we realise not all businesses require such a comprehensive accounting system. We saw no reason why these firms should pay for features they will never use, and instead of limiting usage of all functions across the product, we simply focussed on providing the essential features our smaller clients love.”

Not only does Saasu make managing financials simpler for smaller operators, but for the accountants that work with them too. Allowing real-time collaboration on files from any location, Saasu always displays up-to-date information, eliminating the issue of out-of-sync files.

Mike Chisholm, Chief Executive of Acclipse, said “this option is just what accountants have been asking for. Everyone has small clients who can’t justify paying the costs Xero and MYOB are charging. We partnered with Saasu because we wanted an online accounting solution that offered great value to both businesses and accountants, along with great performance and features. I’m really pleased that so soon after announcing our partnership we’re able to deliver this new version.”

After a series of successful roadshows across Australia and New Zealand, Saasu has been inundated by accountants wanting to incorporate the product into their practice. Of this, Lehmann said “we’re seeing more firms pass through our training programme than we have before. After all, Saasu is about saving both businesses and their advisors time, and it’s great to see our customers getting excited as they realise this.”

Australian accountants can find out more, and become a Saasu Accounting Partner here

New Zealand accountants can find out more, and become a Saasu Accounting Partner here

For more information contact:

Marc Lehmann, Saasu CEO
+61 2 9233 6629 | marc@saasu.com

Mike Chisholm, Acclipse CEO
+64 29 245 7091 | mike.chisholm@acclipse.com.au

ABOUT SAASU

Saasu is an online accounting software company with over 10,000 customers from around the world. With millions of transactions each year worth billions of dollars Saasu is a market leader in the Software as a Service accounting industry in the Asia Pacific area. Saasu is a comprehensive online accounting software system for managing business financials. Saasu has capabilities in sales, purchasing, inventory, payroll, ecommerce, CRM, point of sale, document and workflow management. Saasu’s strong online accounting API enables connection to hundreds of web applications, software products, payment services and banks. For more information visit the Saasu website at www.saasu.com

ABOUT ACCLIPSE

Acclipse is a leading provider of solutions to thousands of accounting firms in New Zealand and Australia, with expansion into the United Kingdom and India currently underway. Acclipse provides the tools and support to empower the business success of accounting firms. The Acclipse product range for accountants includes full workflow driven practice management, web management, document and email management as well as value-add client accounting (cashflow budgeting and benchmarking). For more information visit the Acclipse website at www.acclipse.com.au

Saasu to Trade Me Integration

Saasu and OneSaaS liberate Trade Me sellers from accounting data entry burden.

Saasu has been working closely with OneSaaS to develop an integration between Saasu’s online accounting application and Trade Me’s shopping website. Removing the burden of data entry into accounting systems will transform the way Trade Me sellers do business.

The integration between Saasu and Trade Me automatically transfers transactions and buyer information into Saasu online accounting. This is very useful for businesses operating Trade Me stores and accounts. It effectively removes the data entry burden that used to exist where transactions needed to be data entered into an accounting system. Order flow and accounting is now becoming automatic.

Marc Lehmann, chief executive of Australian-based Saasu, said “the connector between Saasu and Trade Me is very liberting. It removes the shackles businesses have suffered for too long. Keying data manually into older style accounting systems has to end. Even bank feeds are insufficient for this type of business which demands real-time, inventory based transactional information  to process orders.”

OneSaaS, the developer, was very effective in developing a connector quickly after Trade Me’s formal commercial release of it’s API last week. It highlights the capacity of data brokers like OneSaaS to really connect business sales, marketing and transactional data to accounting systems like Saasu.

Corneliu Tusnea, chief executive of OneSaaS, said “The integration is a clear example of how a platform like OneSaaS can quickly add new integrations between data sets, in this case in a manner of days. We wanted to be first to market with a serious application connected to Trade Me. Saasu provided one of the biggest Trade Me stores as a data test to help make this process even easier. It allows us to see how the technology scales.”

The Trade Me connector extends the number of applications supported by OneSaaS to ten. Saasu being a founding application and equity investor in OneSaaS is joined with other applications such as Google Contacts, Basecamp, Marketo, Campaign Monitor, eBay, Adobe Business Catalyst and more.

Saasu and OneSaaS are believers in the “Automagical” way of getting data moving easily between systems for Accountants and their clients.

For more information contact:

Marc Lehmann, Saasu CEO
+61 2 9126 9600 | marc@saasu.com | Saasu.com

Corneliu Tusnea, OneSaas CEO
+61 410 835 593 | corneliu@onesaas.com | OneSaas.com

ABOUT SAASU

Saasu is an online accounting software company with over 10,000 customers from around the world. With millions of transactions each year worth billions of dollars Saasu is a market leader in the Software as a Service accounting industry in the Asia Pacific area. Saasu is a comprehensive online accounting software system for managing business financials. Saasu has capabilities in sales, purchasing, inventory, payroll, ecommerce, CRM, point of sale, document and workflow management. Saasu’s strong online accounting API enables connection to hundreds of web applications, software products, payment services and banks. For more information visit the Saasu website at www.saasu.com

ABOUT ONESAAS

OneSaas is a cloud-based data synchronization, migration, data-merging and data de-duplication platform connected to some of the most popular Software-as-a-Service platforms. OneSaas allows you to maintain a unified set of information distributed across multiple SaaS platforms seamlessly synchronized. For more information visit the OneSaaS website at www.onesaas.com