M-Powered Bank Statements > What are M-Powered Bank Statements?
The M-Powered Bank Statements service enables you to receive your bank account information from your bank using your software.
Once you apply and are approved to use M-Powered Bank Statements, you can use your software to view bank statement reports, perform enquiries on account information and automatically reconcile your bank accounts.
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Save time and effort: Using M-Powered Bank Statements reduces the time and effort it takes you to view the latest banking information and to reconcile bank accounts.
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View up-to-date business bank account information: Your previous-days bank information is available for you to receive each business day. From your company file you can view your bank account balances and print up-to-date bank statement reports.
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Keep track of your bank transactions: You can use the new bank statement reports from within your company file to keep track of payments you have made or received and to search for any transaction in your bank accounts.
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Reconcile your bank accounts: You can use M-Powered Bank Statements to reconcile transactions in your company file.
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Use a secure, online transmission: Your bank account information is provided via MYOB M-Powered Services through a secure, electronic transmission.
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Security of information means the protection of your privacy and the integrity of your information. We make sure that the information you send to and receive from your software remains confidential and is not intercepted or corrupted.
Bank statements can only be received from the business bank accounts that you have nominated on your MYOB M‑Powered Services application form.
