Bookkeeping for Accounting Firms

Botkeeper offers unlimited custom reports to help you track all the relevant data for your business. Since the system is fundamentally controlled and managed by Botkeeper’s expert accountants, they’ll take the time to study your business before full deployment. This initial process might take a couple of weeks, in which the company gets to assess your bookkeeping needs, before finally embarking on customization. Even when you hire professional accountants, the entire process will still be cumbersome, with repetitive and tedious manual data entry, visualization, analytics. Our Implementation team focuses on deployment & adoption for our Partners, and clients. We get to know your business or firm, move any existing bookkeeping processes over to Botkeeper, fine-tune procedures, and finish any agreed-upon cleanup.

• So, all in all, Botkeeper is capable of helping your business survive for the long haul without hiring an accountant.
• I guess the future of bookkeeping looks bright for AI-driven accounting.
• The Digital Merchant has the best strategies and tools to grow your digital business.
• Following that, they’ll create a playbook for each client for how they’ll need to be handled.
• The good thing about Botkeeper is, it doesn’t restrict your reporting capabilities.
• Apart from profit and loss (P&L) reports, you can track cash flow, A/P, job performance, inventory levels, credit, and fixed assets.

An Accounting Software is designed to provide an online platform to manage all the accounting activities of a business. I started The Digital Merchant to test the tools, services, and products I use in my digital business. Now, I’m here with other online business owners buying, testing, and evaluating botkeeper pricing the best digital tools, services, and software we can find – for every stage of the business. The machine learning and AI system work hand-in-hand to eliminate the need for hiring a permanent bookkeeper. It’s great at reviewing your business metrics as well as the overall financial performance.

Dashboard

Once you invite an accountant into your QBO account, they’ll be able to review your books, make corrections, and collaborate on any issues. Plus, there’s no denying that machine-generated reports are much more accurate and less prone to errors than human-generated books. Now, to be more specific, the system will require you to link it with your business accounts as soon as you sign up. Then once you’re done, Botkeeper will schedule a deployment call with one of its experts, who’ll try to learn more about your business. While bookkeeping can be dynamically complex, Botkeeper is seemingly built to be as straightforward as possible. The deployment process itself is as simple as purchasing the software, entering your business information, and voila!

If you’re running an online store, for instance, you should find it easy to integrate Botkeeper with eCommerce platforms like BigCommerce, Shopify, Magento, and WooCommerce. Deploying Botkeeper should be a walk in the park since it’s a very flexible platform. And most importantly, it comes with an extensive range of third-party app integrations. That said, one of the things you’ll notice about Botkeeper is that all the core functions can be managed directly from its functional and beautiful dashboards interface.

Botkeeper Awards

To make sure your funds are safe, you can consider disconnecting your bank feeds and only importing bank transactions manually to prevent them from accessing your real-time bank. However, since you want them to also process your vendor payments and reconcile all of your accounts, you may opt out of doing it. You’ll want to keep track of your online banking transactions in the meantime instead.

Your own personal bookkeeping bot—no vacations, sick time, or overhead required. We’ll ensure that each transaction on your credit card statement is matched to transactions in your internal systems. We’ll track and report on the bills or invoices due to your business.

Pros of Botkeeper

Safely store, quickly share and easily access financial documents within a secure environment. Botkeeper has been able to cut down on its overall cost of entry by capitalizing on an internal scale and efficiency gains bought on by automation. The changes acknowledge customer feedback, and deliver superior value to Botkeeper partners. If you need help with invoicing your customers, generating and sending statements, and applying payments to open invoices, Botkeeper will handle this for you. Botkeeper will help you streamline employee payroll by maintaining a consistent schedule and keeping a detailed log of employee data. From there, the system will push this data back over to QBO/Xero where the reconciliations will occur.

It’s worth noting that these tools are open to all types of businesses. Botkeeper continues to target not just small businesses and startups, but also enterprises and franchises. As long as everything is integrated perfectly, the machine-learning system Botkeeper rides on proceeds to intelligently generate relevant data from both your traditional bookkeeping financial and non-financial tools. Collate all of your data into reports and financials custom to your business. Botkeeper also has a Password Manager that compiles all the clients’ login credentials from banks, ecommerce platforms, and other third-party software.