Let’s talk Finances. We know, we know…it might not the most fun or sexy topic, but having an understanding of your books is a vital part of keeping any business alive, assessing profitability, and staying compliant.
There could be many different phases of where you’re at with your business’ finances: maybe you pay a bookkeeper to spend countless hours manually categorizing your revenue; maybe you’re a finance wiz with a spreadsheets love language so you spend time on your own bookkeeping; or maybe just the word finances makes you quiver and you haven’t been able to do your books yet.
No matter which scenario you fall into, our newest app is about to save you major time, stress and money. As soon as a deposit hits your bank account, it will show up in Momence and Momence will reconcile and categorize it against your sales — to the last cent. This will then be sent to your accounting software (Quickbooks/Xero), saving you both time and money that would otherwise be spent on manual bookkeeping!
Interested? Email [email protected] to sign up to the waitlist today!
Continue reading below to see how the Bookkeeping app works:
The Bookkeeping app is an automated bookkeeping system that automatically 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.
With this tool, you have the ability to possibly eliminate the need for a bookkeeper if you use one, 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!
Additionally, the Bookkeeping app integrates with Quickbooks (and Xero will be announced soon!) if you use this as a system for accounting purposes. The app also completes the reconciliation process so you don’t have extra work to do once the data imports into your account. Our smart and simple revenue categories will also pull over, so everything will be laid out clearly and functionally.
We are super excited to share the brand new Bookkeeping App with you, and we are confident that it will make a huge difference for you and your business. The price of the add on will be $85/month (much cheaper than paying a bookkeeper to do the job manually!) with a 30-day free trial period. Beginning today, you can sign up for the waitlist and our team will reach out with next steps.
Interested? Email [email protected] to sign up to the waitlist today!