Why should I connect to my accounting software in ABS Business Reporting?
Connecting to your accounting software can make completing your survey faster and easier.
If your business uses Xero, MYOB or QuickBooks, connecting securely to your accounting software in ABS Business Reporting can make it faster and easier to complete your Quarterly Business Indicators Survey (QBIS).
When you connect, you will see information from your accounting software on screen as you complete your survey. Select accounts or categories from your accounting software to include for each survey question, and a total will be generated automatically.
People who have connected to accounting software to help complete their survey have found it streamlines the process, and is intuitive and easy to use.
Connecting to accounting software in ABS Business Reporting makes it faster and easier to complete ABS financial surveys.
If the business you are reporting for uses Xero, MYOB or QuickBooks online, you can now choose to securely connect to your accounting software to help you report.
Once you connect, you'll be able to select which accounts or categories you want to include for each of the reporting questions.
The accounts you select will be saved securely so that if you need to report again, you'll be taken straight to a prefilled report and only need to review and submit.
Connecting to accounting software streamlines the reporting process, eliminating the risk of manual errors and saving you time.
As a small business owner, when completing the ABS form, I'd recommend connecting your accounting data. Connecting the accounting data really made the setup for the form easy, and each following quarter was almost click of a button.
More information on ABS Business Reporting can be found at www.abs.gov.au/br