Category: Textile Business

Link Rabobank Business Account To Accounting

Do you have a business account with Rabobank? Then you can link this to your accounting package with Rabo Internet Banking Professional. This application costs € 6.00 per month and also provides many other benefits.

Consider, for example, setting up multiple users with their own limits, importing and sending batch files and downloading transactions.

At Rabo Internet Banking Professional, an accounting link is possible with the following parties:

AFAS Software

Asperion

  • Cash Software
  • e-Boekouden.nl
  • e-Captain.nl
  • Exactly
  • Moneybird
  • MOUSE and King Software
  • Reeleezee
  • QuickStart Software
  • Twinfield
  • Unit4
  • Visma Software

Many starting entrepreneurs can handle the above list. Do you prefer a different accounting program? Then you can manually upload the files yourself and download them in your accounting package. This way you can also book online. 

Link accounting package to your business account in 9 steps

You can easily link your accounting package and your business account yourself. This is all done online within Rabo Internet Banking Professional. Follow these nine steps to link your package:

  1. Open Rabo Internet Banking Professional and log in.
  2. Select ‘Payment and Savings’.
  3. In the left menu you will find ‘Online Accounting Package’, click on this and then go to ‘Settings’. Now you see an overview of your accounts.
  4. Select the accounting package from the drop-down menu. Then click on the button ‘Maintain accounts’. 
  5. You will then be automatically forwarded to your own accounting package. Here you can log in with the username and password of your accounting package.
  6. After this you will come to a screen where you can change and view the data of your accounting package. In this screen you choose which data you want to share with Rabobank Internet Banking Professional: transactions, payments and collection data. 
  7. Press the button ‘Save and return to Rabobank’.
  8. It is now important to implement the changed settings in Rabobank Internet Banking Professional. For this you have to sign digitally with your bank card and Rabo Scanner. Follow the instructions on your screen and enter the signing code.
  9. Click on ‘Send’. Your accounting package is now linked to your business account.

Business strategy: 4 points from which to start a serious business!

Never underestimate the importance of corporate strategy for a company’s life: 4 questions that help you not to get lost:

Who do I turn to?

First of all, your customers must be profiled through different attributes, such as age, geographical distribution, interests, status, and other characteristics that allow you to place them in a very specific market niche.

The next step is to define your value proposition; in other words, the task you intend to perform or the problem you intend to solve with your product. On your second post it you will then write:

What do I offer ?

This part of the strategy opens up different scenarios. It can, in turn, make use of techniques and disciplines such as design thinking, as it virtually includes infinite readings and infinite schemes and practices to which we can refer.

The answer to the question “What do I offer” implies answers to other questions that define your product and its value in more detail:

  • What are the aspects and characteristics based on which the customer will assign a certain value to my product? And to what extent will each of these elements influence this value assignment? In other words, what will make my product attractive to the customer? The possibilities for customization? The aesthetics? Technical performances? The price? The method of purchase?
  • What are my strengths compared to competitors?
  • On what points will I find myself on par instead?
  • What will be the weak points?

Remember that it is highly unlikely, if not entirely impossible, to outperform the competition in every aspect.

How can I provide this value?

While planning your market position, defining how to create value and for whom, you must also define your operating model. The operating model is the set of decisions and practices that define how you carry out your business. It typically involves a series of compromises to try to find a combination of activities that allow you to monitor your position, offering some elements of your solution better than those of the competition.

This could be the most difficult question because designing the operating model means making and planning a series of decisions, choices, and moves that allow you to develop, start, monitor, and maintain your business.

What are my competitive advantages?

This is, in fact, the central node of the whole strategy. What guarantees you cannot be copied? You may have also come up with the perfect product, but if your competitors can replicate it easily, your nascent business will be short-lived.

Although there are innumerable competitive advantage factors, they are divided substantially into two groups: those based on resources and those based on positioning.

The first group implies all the resources that assign value and uniqueness to your business. In contrast, the second is defined by the role you have occupied in the market and, therefore, by elements such as your brand’s perception, your reliability, and the quality of your product.

These four questions cannot cover all aspects of the strategy, but constitute a starting point to define who you are addressing, the specifics of the product or service you offer, how to propose it and how to defend yourself from the competition beat it.