If we’re talking about the fun and exciting aspects of starting up and running a business, accounting doesn’t have a whole lot going for it – it’s sort of the mopey kid you’re forced to drag around on the family trip to the Grand Canyon. As important as it is, tight bookkeeping is often a drag for time-deprived entrepreneurs, the “process” can be quite convoluted, and because the industry is well aware of those qualities, professional support is usually rather expensive.
Amidst an environment of endless software innovation, what small businesses really need is an intelligent accounting solution based in intelligent, easy-to-manage technology. That’s where botkeeper comes in.
botkeeper is a virtual robotic bookkeeper that handles the heart of your bookkeeping and supports your key accounting needs through machine learning and seamless systems integration. Managing everything from revenue recognition and expense reports, to reconciling bank accounts and sending invoices, all the way to inventory accounting and monthly close, botkeeper does everything a bookkeeper can do – it just does it faster, 24 hours a day, 7 days a week, with more extensive reporting, and with better looking dashboards.
While there is a lot of standard accounting “software” out there, botkeeper goes a step beyond standard software by leveraging machine learning. Instead of you always having to enter information and guide the technology, botkeeper analyzes the specific needs, patterns and details of your business and continuously gets smarter and more efficient over time. It even answers questions and prompts for additional information.
That being said, you can’t use technology to replace everything a human provides, and botkeeper is well aware of that. To ensure that literally all the angles are covered, each botkeeper account is paired up with a dedicated CPA. The CPA is there to not only review the work done by the automated system, but also review your financials for general accuracy and timing, make any custom configurations to your botkeeper instance, and answer any questions or provide any advice you may need – just grab a phone and hop on a call.
Between intelligent technology and skilled human resourcing, all complexities are covered all the time. All the pertinent resources and information are also accessible all the time through a botkeeper mobile app, available on both iOS and Android.
Of course, what would a sensible accounting alternative be for an entrepreneur if it didn’t help your bottom line; rather than spending upwards of $600 per month for a firm on retainer, or dropping unpredictable amounts with one-off drop-ins, botkeeper is only $400 per month.
If you’re a startup or small business that is constantly being stalled by the anchors of accounting, you might want to check out botkeeper and put your bookkeeping on cruise control. It’s efficient, affordable and setup is fast. While botkeeper certainly won’t cook your books, it will probably make them a whole lot easier to swallow.
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This is huge for a small business for example. Taking the time to do some of these things takes away from your time to build your business. I would be willing to give it a try.