What is the bookkeeping app used for?
Its an automated bookkeeping system -- it reconciles each deposit that hits your bank account. The system takes the lump sum that is deposited and works backwards to detail where each dollar came from, broken down into useful categories from your Momence account.
You can look at a more broad overview of where revenue came in, or choose to dial down into the specifics of each purchase using the toggle arrows.
How can this help?
Eliminate the need for a bookkeeper or at least cut their fees down immensely by taking out most of the manual work.
If you don’t currently employ a bookkeeper or accountant, the Bookkeeping app will save you enormous amounts of admin work while simultaneously laying out a clear and simple picture of your financials, so you can fully understand the state of your business. The app will also remove manual errors, so you can feel confident about what you’re looking at.
It also integrates with Quickbooks and Xero if you use this as a system for accounting purposes. Our smart and simple revenue categories will also pull over, so everything will be laid out clearly.
What's it cost?
Automated Booking keeping costs $85/month, is cheaper than a bookkeeper, and comes with a 30-day free trial period.
Where can I activate this?
To get started, click Apps & Integrations > App store > activate Automated Bookkeeping.
Once activated, click Finances > Bookkeeping > Connect > select Quickbooks or Xero (depending on which you use). On this page, you will see the list of all the revenue categories in Momence and the current classification used within your accounting system.
Want help? Reach out to [email protected].
To edit, click on the three dots next to any of the items. From there, use the drop downs to find the category name that you use within your system to match (you will see all of the account/class names that you currently use within the appropriate drop down).
Once you’ve saved the correct name for each revenue category, this is how the items will be pulled into your Quickbooks or Xero account as sales are made in Momence.