Can I integrate my business loan with Xero and MYOB?
Last Updated: 16 Dec 2015
Yes you can. ASB offers an automated Bank feed between our systems and Xero/MYOB . Because your loan repayments are split into interest and principal, when it comes to the end of your tax year it is very easy to look back and calculate how much interest you can claim back as an expense.
Initiate once online, the bank feed takes effect immediately and can also be applied retrospectively to any point in the last 12 months. It provides full view of your accounts 365 days a year, and is updated at 6.30am every morning.
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