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FNB and Sage partnership enables SMEs to securely automate their business accounting

FNB opens banking API to Sage platforms

FNB opens banking API to Sage platforms First National Bank has created a secure application programming interface (API) to allow Sage accounting customers to import their bank records automatically into their accounting software. “FNB customers will be able to share their financial transaction history with Sage via a secure application API effortlessly and automatically, without compromising online banking credentials,” the bank said in a statement on Tuesday. “This will be facilitated through the ‘direct bank feeds’ service that will supply financial transaction history data directly into Sage accounting solutions,” it explained. The Sage solution is aimed at its small and medium enterprise clients and won’t cost extra. It is available through Sage Business Cloud Accounting, Sage 50cloud Pastel, Sage 200 Evolution and Sage Intacct.

Dallas startup BaCo Tech earns patent for workflow platform for accountants

Dallas startup BaCo Tech earns patent for workflow platform for accountants
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Sage to meet with Sars over accounting software issues

Photo: Moneyweb BUSINESS NEWS - Software company Sage is in “active discussions” with the South African Revenue Service (Sars) to understand how taxpayers can mitigate any impact of late VAT filing for November 2020 and December 2020, “where this was due to events beyond their reasonable control”. Owners of Small, micro and medium enterprises (SMMEs) got anxious and angry when they were unable to log onto Sage Business Cloud Accounting since Monday last week. Sars said on Friday that it was not a Sars issue and that taxpayers who were affected would be required to approach Sars for a remission of the penalty and submit the relevant motivation using the normal process in this regard, but that the waiving of interest would not be considered.

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