We are adding a bookkeeper to our team and want to limit the possibility of Fraud. How can I make sure that they are not able to send themselves money? I’d love for them to be botkeeper pricing able to reconcile all accounts, process vendor payments and run reports for us. Accounting is a very competitive space with numerous possible software options on the web.
But, instead of leaving it at the professional accountant level, it goes ahead and throws in a couple of solid AI tools. Not anymore though, because as it turns out, recent advancements in tech are changing how we are handling our finances. Bookkeeping tools have now managed to cross the artificial intelligence barrier. Otherwise, any errors here could substantially compromise your decisions, leading to slipping margins, cash flow issues, and decreased revenue growth. Even for a promising business working with great products and enjoying a rich market, your success over the long haul ultimately comes down to how well you organize your accounting and finances.
Who’s Using Botkeeper?
Botkeeper takes care of the bookkeeping from beginning to end and provides better, faster, more accurate financials so you can have real-time insight into your firm or business. Our solution will ensure that you’re no longer bogged down by manual data entry or labor-intensive bookkeeping work. Botkeeper’s many valuable services include its integration with the mobile app ScanBot, the ability to provide multi-entity accounting, and unlimited custom reports. However, while it has useful features, such as automated bookkeeping via ML and AI, it doesn’t provide full payroll services; instead, it has solely payroll administration.
- With the use of machine learning and Artificial Intelligence (AI), their automated bookkeeping software offers users solutions for faster bookkeeping by joining talented accountants and automated data entry.
- From there, the system will push this data back over to QBO/Xero where the reconciliations will occur.
- Offering a variety of bookkeeping functions, working with Botkeeper means you get all of the perks of having an experienced bookkeeper — but at a far lower cost.
- In this example, let’s say your client entity’s average monthly expense is $145,000.
- Therefore, in other words, you can think of it as an automated data solution that saves you from the tedious process of manual bookkeeping.
This model has proven to be cheaper and far more convenient as opposed to hiring permanent resident accountants. Users who left a Botkeeper review praised it for its automation that saves time and lets you focus on performing the activities that drive your business. They appreciated that the service can help with sending invoices to customers and follow up with late-payment reminders when needed.
Botkeeper: Bookkeeping Features
Founded in 2015, Botkeeper is an automated computer-based service meant to replace manual labor at bookkeeping firms. The virtual bookkeeper supports your accounting practice through machine learning (ML) and artificial intelligence (AI). It was developed to handle your bookkeeping with more accuracy and efficiency than a regular bookkeeper. Our pricing packages are designed to accommodate the varying needs of your clients based on the number of expenses they incur each month. By choosing the package that best fits your firm’s needs, you can ensure that your clients receive the best possible service at a price that works for everyone. If you need help determining which package is right for you, our pricing page provides a detailed breakdown of the different services we offer.
From this vantage point, the system manages to pull data from both financial and non-financial sources and then prepares insightful reports to help you make informed business decisions. Its intuitive dashboard displays your key performance indicators (KPI) metrics, trending analytics, and data visualization charts. While desktop serves as the primary dashboard access, Botkeeper also comes in the form of mobile apps. You’ll find the Botkeeper Financial Hub application on both the iOS App Store and Android’s Google Play. You can use either to customize your system dashboard, as well as track all your business financials. On the contrary, Botkeeper attempts to simplify bookkeeping for everyone.
