Botkeeper: A Review of How it Works

But, instead of leaving it at the professional accountant level, it goes ahead and throws in a couple of solid AI tools. Accounting and bookkeeping are, admittedly, two of the most complex undertakings for most businesses. There’s a heck of a lot of numbers and variables you need to keep up with to generate accurate reports for informed decision-making. Working with payroll botkeeper review providers such as Gusto, Botkeeper will ensure payroll runs on time, is accurately booked and classified accordingly. We use dedicated people and clever technology to safeguard our platform. Talk with one of our specialists and learn how hundreds of Accounting firms are accelerating their growth, generating thousands more per month, and achieving their dreams.

• The resultant reports are counter-checked by Botkeeper’s professional accountants to confirm that your books are accurate, tax-compliant, and completely clean.
• The trick is to take advantage of the report builder since it provides just the right tools for configuring all these insights.
• If you need to customize the system, for instance, the dashboard allows you to set up widgets according to your data sources, define goals for specific widgets, as well as personalize your email and SMS notifications.
• 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.
• We’ll build you a custom team of exceptional professionals who can support you and your clients through omnichannel communication.
• As long as you customize the software’s tools based on your preferences and business needs, Botkeeper will proceed to automate all your bookkeeping reporting and analytics functions.

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. 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! At the end of every month, the system further organizes everything by reconciling your business accounts, categorizing your business transactions, and creating comprehensive visualizations.

Botkeeper: A Review of How it Works

With Botkeeper you and your clients get a consolidated tech stack. Easily connect bank and credit card accounts with 256-bit encryption — that’s bank-grade security. Enjoy a centralized tool consisting of dashboards, project management, task management, workflows, document storage, communication, and — of course — accurate numbers thanks to our automated bookkeeping. Botkeeper will pull the data from both financial AND non-financial sources, delivering a dashboard full of reports and analytics you can use to make actionable business decisions. Bench has focused its bookkeeping service almost exclusively on the small business owner. Their model competes head-on with accounting firms by offering tax services, clean-up services, and financial reporting.

If you’re curious to know more about Botkeeper and whether it might be a good option for your accounting firm, I had a chance to interview their CEO, Enrico Palmerino, to learn more. The Digital Merchant has the best strategies and tools to grow your digital business. I guess the future of bookkeeping looks bright for AI-driven accounting. 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. 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.

Botkeeper Pricing

Every part of our solution has been specifically designed to be “Accounting firm friendly” which means you get to experience an option that is tailored to YOUR profession. Ben Royce, a renowned AI expert with Google Cloud, will be delivering the keynote address raising the bar and setting the stage for what promises to be a transformative event. KPMG Spark claims to save you, your bookkeeper, and your accountant time and money.

• The software was founded in 2015 to give businesses the privilege of capitalizing on artificial intelligence while relying on remote accounting professionals.
• This is why we’ve made Botkeeper with our CPA partners AND business owners in mind — we can grow and adapt our platform with your organization’s wants and needs.
• Each month, Botkeeper automates the ongoing bookkeeping work for you and/or your clients.
• Firms are looking at a 20-day time-to-value when onboarding to the platform according to Enrico.
• For accountants, Bench helps them solve bookkeeping for small business clients.

Distinctively crafted with the nuances of the accounting world in mind, Botkeeper is the only CAS solution tailor-made for firms. This commitment to specialization reflects not just in its technology but in its ability to understand the intricacies of the profession. With Botkeeper, accounting practices are equipped with a dedicated ally, geared to elevate their practice and redefine the future of bookkeeping.

Botkeeper Review Frequently Asked Questions

Botkeeper was designed to scale with a firm, providing automated accounting support for every vertical, no matter how specified. Our solution allows you to automate bookkeeping and pre-accounting procedures so you can dedicate more time and resources to your client base. Leverage the newly available insights Botkeeper provides and increase the value you can offer your clients. You can also differentiate your brand, help expand your firm, and diversify your service offering. Botkeeper oversees the automation so you can focus on complex accounting, data integrity, and interpretation.

Located at The Westin in Boston’s Seaport District, AI Unchained isn’t just another conference—it’s an experience. This event has also garnered the support of eminent sponsors such as Expensify, Avalara, Jirav, ADP, Right Networks, Xero, Intuit, and more. As mentioned above, Botkeeper is partially comprised of bookkeepers paired with a technology platform that uses machine learning (ML) and artificial intelligence (AI) to help automate parts of the bookkeeping process. And speaking of which, Botkeeper always sends alerts when your books are due for the month-end close. It will let you know as soon as all the monthly reports are ready for your review. Then using the books, you should be able to assess your core financials, as well as make actionable business decisions.

Hence, Botkeeper is more of a full-stack accounting system that automates your regular bookkeeping operations through the power of machine learning and AI, with reinforcement from an accompanying team of expert accountants. It’s capable of handling all the essentials, leaving you to focus more on other business processes. KPMG Spark is both a software and a service so they utilize their own system — the Spark platform. There are instances where customers can run their books via QBO, but their default program is the Spark platform.