Cloud accounting software provider FreshBooks is planning to introduce an automated bank import feature for expenses and is urging users to give it a try in beta form.

Mike McDerment

The company made the announcement at the Sleeter Group Accounting Solutions Conference on Monday.

FreshBooks declined to reveal the date when the new feature will officially launch, but instead is looking to garner feedback from its U.S. user base. The company is inviting users to import all of their bank information into FreshBooks and then provide feedback.

The bank import feature allows users to connect a bank account or credit card to FreshBooks and have expenses automatically downloaded daily. Alongside other recent updates in FreshBooks, including new tax categories and the ability to attach expense receipts as PDFs or images to invoices, the bank import feature is designed to help make expense tracking easier.

“In August I sent an open letter to inform our customers that FreshBooks had evolved from an online invoicing company into the number one cloud accounting specialist for small business owners and, [in response], along with the cheering, their number one request was for automatic expense imports from their bank,” said FreshBooks chief executive Mike McDerment. “That's always been part of our vision for cloud accounting with FreshBooks, and today we are taking one step closer to making that vision a reality.”

For more information, visit www.freshbooks.com.