We are very happy to be featured in Xero selection of Five apps creating new ways to do business in 2022. Are you thinking how to streamline your accounting-related processes in post-pandemic world? Here are three tips how Datamolino can help.
Bookkeeping Automation Blog For Effective Accounting
Why chose a data capture API that uses humans as part of the data capture process? And what do these human intelligences actually do? What approach suites your use case?
The Datamolino API can be consumed as pure API or as a combination of our web UI and API access. Datamolino API supports webhooks so fetching the results is easy and fast. In he simplest integration form, you can send documents through email and data capture results are delivered on the webhook.
There are a lot of services that provide data capture to Xero and Quickbooks Online. You can choose between Receipt Bank, Xero's own Hubdoc and Autoentry and a dozen others.
Here are some of the features that make Datamolino unique in this market.
Here are 5 features that our users consistently mention as life savers.
Over the years we have developed a lot of smaller features that are tailored for the professional bookkeeper or accountant. These little things add up and improve productivity of Datamolino users. There are too many to list all of them, but let us mention some interesting bits.
Several multi-page invoices in one PDF? Datamolino automatically splits such PDF files into individual invoices.
Competing solutions typically split multi-page PDF files on in a “split by page” mode, i.e. each page is considered a separate invoice. Datamolino analyzes the content of the multi-page file and can find individual invoices and their corresponding attachments and create separate transactions for each invoice.
Recently we introduced a feature that allows you to approve invoices with one click. While at this time the use case for this covers only the basic approval scenarios for a small busines, we are improving the feature based on customer feedback.
In addition to header and footer invoice data, Datamolino captures invoice description and tax and line item breakdown of each invoice.
Invoice is more than the sum of its numbers. There are situations where you need to be aware of “what was delivered” without opening the invoice image to read the contents of the invoices. Datamolino competitors skimp on providing you the “invoice description”, instead they might repeat the supplier name or worse, just put a dot in the invoice description field.
Sometimes throwing everything into the same bucket is not the best strategy. With Datamolino you can automate based on project, location, company branch or department. Competing products give you just the one bucket for each company. In Datamolino, you can create multiple folders for one company and connect them all to the same accounting organization. This allows you to automate in more detail.
The Construction Industry Scheme (CIS) is a standardised taxation practice introduced in the UK by the HMRC. Xero’s API has exposed the new features in their Accounting API invoice endpoint which allowed Datamolino to bring CIS support to our accountants and businesses.
Datamolino is very easy to use. Here are some tips how to further improve your workflow when it comes to bookkeeping automation.