Accounting firms are gravitating towards accounting automation and the strides taken are gradual but steady. Quickbooks desktop accounting has been used by accounting firms for several decades and is the market leader. It is also widely used by businesses as well.

Why do accounting firms prefer Quickbooks desktop?

• Enhancements - constant improvements is a part of this software.
• Adaptability - to cater to the workload of accounting firms is another area of speciality whether they scored big
• Multi-platform - Ability to use with Windows or Apple operating systems
• Confidentiality - of the financial data is secured through automated back-up reminders
• Customer feedback - is always given top priority and those realistic suggestions are always treated and implemented in their subsequent version releases
• Tutorials - are given for new enhancements in forms of textual or Audio / Visual formats to help them understand it better
• Shortcut Tools - availability helps the business to save time and reduce errors
• Pricing - it is a bargain that gives them a competitive edge as compared to other players in the market

Did accounting automation change the level playing field to the Quickbooks Desktop?

We are witnessing an astronomical surge of data due to digitalisation. These resources need to be tapped for future growth of firms to survive in an extremely competitive environment. Though accounting software takes care of many tasks, yet there are tasks which require the time slot of accountants.

The core idea behind robotic automation is reducing manual and error prone work from the desk of the accountants. Which means they no longer have to concentrate on tasks such as

• Data entry done through the QBD software
• Bank reconciliations done with accounting software
• Suppliers being paid based on priority
• Financial reporting submitted through the spreadsheet that is not fully updated

On a simpler note, Quickbooks robotic accounting automation brings healthy benefits to get more tasks accomplished without or limited human intervention.

Also read: Why is automation the tipping point for Accounting firms?

How did Integra Balance automation software interface with Quickbooks desktop to provide quick dividends?

Majority of the accounting firms are comfortable in working with Quickbooks desktop accounting (QBD) software. Therefore, anyone preferring to deploy accounting automation in their firm wants robotic bots to be compatible with their QBD software. As subject specialists in automation our robotic interface with Quickbooks desktop helped many firms to resolve these issues and gladly accept our automation tools as a way forward.

Let us look at what areas in accounting our automation bots effortlessly integrate with Quickbooks desktop software.

• Invoices Processing cycle:
  Robotic bots help to start the invoicing processing cycle and synchronizes with Quickbooks by getting all the information required to streamline the process. Clients preferred to have payment executed through various modes like checks, ACH, credit cards etc.
  AP Automation robots for Quickbooks desktop helps to schedule payment regardless of the payment types. The platform integrates to execute everything under one roof relating to the invoice, and any other discrepancies. Vendor management is taken care of as accountants don't have to be bothered about answering questions regarding payment settlements.
• Reconciliation:
  Bookkeeping is the rudimentary process of financial accounting and inaccurate books will showcase in bad light the firms’ accounting reputation. Through bots, extracting transactions and reconciliation of bank accounts and ledger are done in no time.
  Accurate, ontime and updated bookkeeping is a new development towards bookkeeping tasks.
• Implementation:
  Accounting automation platform automation cannot be done overnight. It needs the resources, time, cooperation and synergy of humans and accounting software. By working with the company’s end to end solution, the robotic system launches and functions smoothly without any hiccups. It seamlessly integrates with the QBD platform and produces the desirable results. All these can be managed by the Integra team and within a few days.
• Greater control and oversight:
  The interactive dashboard provided when accounting automation bots are deployed helps provide end to end visibility. The team having access to the platform can easily know the liquidity status, payment status, financial records and so on in a ‘live’ mode.
• Elevates the structure of financial reporting:
  Major decision making is made based on the authenticity of financial statements produced by the CFO or senior accountant, to the management. Through real time live records, management can base their decisions more accurately.

Also read: Botkeeper competitor and alternative: Integra Balance

Summary:

Accounting automation for Quickbooks desktop helps to improve the processes at any accounting firm. Some of the benefits realized due to using this technology are

• Reduction of time on non-value tasks
• Work towards a greener environment as office becomes paperless
• Eliminates workflow bottlenecks
• Helps to customize as per the clients’ requirements
• An affordable pricing giving all size firms an equal participation
• Early visibility of ROI.

If you are looking for automation of your Quickbooks desktop tasks, now is the right time. Contact us to see how we can help you with our robots.