MyData Connect
Automatically push all legally required data to MyData
What is MyData Connect?
MyData is an online portal designed specifically for hotel businesses, enabling efficient management and reporting of revenue, expenses, accounting, and payroll within the hotel industry. Seamlessly integrated with hotelizer, MyData ensures compliance, real-time reporting, and centralised document management.
Key User Benefits
- Centralised financial management: Manage revenue, expenses, accounting, and payroll within the MyData online portal, streamlining financial processes and ensuring compliance.
- Real-time reporting: Benefit from real-time reporting capabilities, allowing for up-to-date financial insights and informed decision-making.
- Seamless connectivity: Enjoy seamless connectivity between hotelizer and MyData, facilitating smooth tax and accounting processes.
- Effortless document management: Centralise document management within the MyData portal, ensuring easy access to financial records and compliance documentation.
Why use MyData Connect?
Efficient revenue management
Real-time revenue tracking
Track revenue in real time, accurately recording and reporting room bookings, food and beverage sales, event bookings, and other income sources for transparent financial tracking.
Compliance with reporting requirements
Ensure compliance by accurately classifying and reporting revenue documents within the MyData portal, meeting the specific reporting requirements of the hotel industry.
Streamlined financial tracking
Simplify revenue management by seamlessly integrating hotelizer with MyData, providing a centralised platform for efficient tracking and reporting of all revenue-related documents.
Efficient expense management
Comprehensive expense classification
Classify all expense documents within the MyData portal, including procurement costs, operational expenses, maintenance and repairs, employee salaries, utilities, and other expenditures.
Accurate reporting for financial compliance
Ensure accurate and comprehensive financial reporting by reporting expenses within the MyData portal, guaranteeing compliance with industry-specific reporting requirements.
Minimise errors and save time
By seamlessly integrating with MyData, hotelizer minimises errors and saves time by automating the submission of expense documents, streamlining financial processes, and improving accuracy.
Streamlined accounting and payroll
Centralised accounting records
Transmit accounting entries within the MyData portal to determine annual accounting and tax results, reconciling accounts and preparing financial statements specific to the hotel industry.
Effortless payroll reporting
Submit accurate payroll data within the designated deadline, including employee salaries, benefits, tax withholdings, and other payroll-related details, ensuring compliance with payroll tax regulations.
Seamless financial processes
Simplify accounting and payroll processes by seamlessly integrating hotelizer with MyData, streamlining financial workflows, ensuring compliance, and minimising manual effort.
Hassle-free connectivity and activation
Simple activation process
Activate the integration with MyData by obtaining codes from AADE, registering for the MyData REST API, and entering the credentials within the hotelizer application settings.
Ensure system compatibility
Update hotelizer to its latest version, ensuring compatibility and accessing the full capabilities of the connectivity with MyData add-on.
Dedicated support and assistance
hotelizer's support team is readily available to provide guidance and support throughout the activation process and any inquiries or assistance regarding the integration with MyData.
Features
Real-time revenue tracking
Accurately track and report revenue in real-time, ensuring transparent financial tracking for room bookings, food and beverage sales, event bookings, and other income sources.
Comprehensive expense classification
Easily classify and report expenses within the MyData portal, including procurement costs, operational expenses, maintenance and repairs, employee salaries, utilities, and other expenditures.
Centralised accounting records
Transmit accounting entries within the MyData portal, allowing for the preparation of financial statements specific to the hotel industry and ensuring accurate and up-to-date accounting records.
Effortless payroll reporting
Submit accurate payroll data within the designated deadline, including employee salaries, benefits, tax withholdings, and other payroll-related details, ensuring compliance with payroll tax regulations.
Real-time reporting capabilities
Benefit from real-time reporting capabilities, providing up-to-date financial insights for informed decision-making and strategic financial planning.
Seamless connectivity with MyData
Enjoy seamless connectivity between hotelizer and the MyData online portal, facilitating smooth tax and accounting processes.
Automatic document submission
Automate the submission of documents to MyData upon issuance, reducing manual effort and ensuring timely and accurate document transmission.
Centralised document management
Centralise document management within the MyData portal, ensuring easy access to financial records and compliance documentation.
Mass submission of documents
Streamline the submission process by mass submitting multiple documents to MyData at once, saving time and improving efficiency.
Dedicated support and assistance
Receive dedicated support and assistance from hotelizer's support team throughout the activation and integration process with MyData, ensuring a smooth and successful implementation.
FAQs
Here are some of your most asked questions. If yours is not there, do not hesitate to contact us.
