Eliminate Hours of Typing BSB and Account Numbers
Typing individual supplier bank transfers manually into internet banking is slow, frustrating, and open to costly human typos.
With Taxnet, bills are verified, coded to correct GST expense accounts, and grouped into an ABA batch file. You simply upload the file to your bank and confirm with one click. Your supplier ledgers update automatically in Xero with zero discrepancy.
Complete Accounts Payable & Receivable Architecture
Maintain Flawless Credit Terms and Supplier Confidence
Great suppliers are the lifeblood of retail, hospitality, manufacturing, and construction businesses. When bills are overlooked or disputed without prompt communication, delivery holds and credit cut-offs occur.
Our team conducts monthly statement reconciliations against vendor ledgers, verifying that credits are applied, duplicate charges removed, and payments executed precisely on agreed terms.
Speak With an Accounts Specialist →
Frequently Asked Questions
How does the supplier bill approval process work?+
Your suppliers email bills directly to a dedicated inbox. We extract the data, verify ABN compliance and GST credits, and match it to your purchase orders. You receive a structured approval batch—once you approve, we prepare the ABA file for release through your standard online banking.
Do you have access to withdraw money from my bank account?+
No. You retain 100% control over your funds. We prepare the payment files or enter the batches into your online banking as 'pending authorization'. You or your authorized director must log in and provide the final SMS or token approval to release the funds.
What tools do you use for receipt and bill capture?+
We are accredited partners with Dext Prepare, Hubdoc, and Xero Bills. You can simply snap a photo on your phone or forward an email invoice, and our software extracts the data automatically.
Can this reduce my bookkeeping and accountant costs?+
Significantly. By keeping your accounts payable and receivable cleanly reconciled every week, your year-end accountant doesn't have to spend dozens of costly billable hours untangling messy vendor ledgers.
Streamline Your Accounts Management Today
Get back hours of wasted time typing bank transfers. Let our Melbourne team implement an audit-proof accounts payable and receivable system.