Acclipse and BankLink have just announced the expected launch of a new online accounting package with integrated bank feeds.
It does not include payroll or inventory, but invoicing & GST is promised to be part of it.
The most outstanding feature is its price at $5 per month. That is without bank feeds though. While the website iBizz only talks about additional costs for bank feeds, there are rumors of an additional $5 for that.
It comes at a time when Saasu is preparing for its first price rise in 3 years.
How to make a decision?
Bank feeds are great and a real time saver. But the key is how well the automated coding works. Xero has the most advanced self-learning bank feed data entry algorithm I have worked with. Entering the correct account for a transaction once will automatically prepare the same coding (including contact and description) when a similar transaction comes up again.
So we’ll have to see what iBizz is going to offer in that regard.