Autobooks simplifies financial management with automated tools, real-time insights and time-saving features, helping businesses focus on growth.
Core Functionalities:
- Automated Transaction Categorization: Autobooks connects to your bank account and automatically categorizes transactions, eliminating manual data entry and ensuring accurate financial reporting.
"These are accounting categories, not budgeting categories. So when it comes time to preparing for taxes or looking at my financial reports, these transactions are going to automatically be categorized for me."
- Customizable Rules: Users can create rules to define criteria that automatically assign categories to specific transactions.
"I have a bill pay fee rule so that anytime a transaction equals a certain amount, I can categorize that to like legal fees or I could set the category to supplies or materials."
- Real-Time Financial Reporting: Autobooks generates real-time financial reports including profit and loss statements, balance sheets, customer balances and sales tax reports.
"Now, I can simply click on profit and loss and in real full-time. I have access to a profit and loss statement that I can share with my banker. I can share with my accountant and anywhere that I'm applying for a loan."
- Customer Balance Management: The platform provides an overview of customer balances, categorizing them by due date (current, 1-30 days overdue, etc.).
"Managing my customer balances all in one view has never been simpler."
Advanced Features:
- General Ledger Management: Users can manage accounting categories, groups and entries manually.
- Budgeting Capabilities: The software allows for budget creation and management.
Benefits:
- Simplified Accounting: Autobooks eliminates the complexities of manual accounting processes, making it easier for businesses to manage their finances.
- Improved Accuracy: Automated categorization and customizable rules minimize errors, ensuring accurate financial data.
- Time-Saving: By automating tasks and providing real-time reports, Autobooks frees up valuable time for business owners.
- Enhanced Decision-Making: Access to real-time financial data empowers businesses to make informed decisions.
Target Audience:
Autobooks is ideal for businesses and nonprofits of all sizes seeking a user-friendly and efficient accounting solution. The software's intuitive design and automation features make it particularly beneficial for businesses with limited accounting expertise.