Botkeeper Review: Is it Worth Trying?

Utilizing botkeeper for income and expense tracking and bank reconciliations has been most helpful for me. It was easy to onboard my clients and begin using the botkeeper service.

Check out our growing YouTube channel where we go deeper into the digital tools and share more of our personal experiences growing our businesses. I guess the future of bookkeeping looks bright for AI-driven accounting. If you’d want a much faster response, you might want to give Botkeeper’s Bot a try. Yes, that’s right, the system offers you automated support via email and live chatbots, all of which are incredibly intelligent and extremely responsive. Otherwise, any errors here could substantially compromise your decisions, leading to slipping margins, cash flow issues, and decreased revenue growth. Botkeeper and Expensify see an opportunity to provide automation, enabling the accounting profession to increase capacity.

Botkeeper Deciding Factors

With annual billing for average monthly expenses worth up to $10,000. The cost then increases with the corresponding monthly expense allowance, until it hits $3,540.30 per month with annual billing for the package, with average monthly expenses worth $840,000. Then to safeguard all the data, Botkeeper tops off its software tools with human reviews. There’s a team of senior accountants who’ll give you the much-needed assurance by checking everything and ensuring compliance, plus data accuracy.

• An onboarding specialist is needed to work remotely and serve as a liaison and will be responsible for ensuring the collection of required information and procedures.
• Botkeeper accounting partners typically experience 50 percent efficiency gains on average, allowing them to offer new services, scale their client base, or simply do more of what they love.
• Botkeeper allows accounting firms to increase productivity and capacity by experiencing better efficiencies, while supporting more clients, at a higher frequency with fewer resources.
• It will let you know as soon as all the monthly reports are ready for your review.
• Botkeeper and Expensify see an opportunity to provide automation, enabling the accounting profession to increase capacity.

The revenue recognition capabilities here are pretty basic. Once you sign up for the service, Botkeeper gives you a deployment expert, who analyzes your bookkeeping needs, and then helps you roll out the system. Now that’s a nice touch, especially considering the Botkeeper knowledgebase, which would be the alternative option, provides very shallow information about the service.

Do you work for Botkeeper?

With same day response and automated processes, time-consuming tasks are now taken off your plate with a click of a button. Leave the bookkeeping to botkeeper and get back to growing your business and doing the things you love.

Botkeeper deploys a suite of software products that automatically ingest client data, automate data entry, and enable machine learning algorithms to auto-classify transactions. The company intends to use the funds for the expansion of its platform, customer success teams, and strategic partnership initiatives. The botkeeper portal provides customizable dashboards and reports that combine financial and non-financial data for a 360-degree view of your business. Botkeeper clients benefit from the most accurate accounting, 24/7, with real-time dashboards and reporting, all while saving on average 30-50% compared to a traditional bookkeeper or outsourced firm. In our evaluation of the best online bookkeeping services, we determined Botkeeper to be the best for accounting firms needing to outsource client bookkeeping. Its many valuable services include its mobile app ScanBot, the ability to provide multi-entity accounting, and unlimited custom reports. AI-based bookkeeping software for businesses and accounting firms.

Suite Support

Therefore, in other words, you can think of it as an https://www.bookstime.com/ data solution that saves you from the tedious process of manual bookkeeping. Danielle Bauter is a writer for the Accounting division of Fit Small Business. She has owned Check Yourself, a bookkeeping and payroll service that specializes in small business, for over twenty years. She holds a Bachelor’s degree from UCLA and has served on the Board of the National Association of Women Business Owners. She also regularly writes about travel, food, and books for various lifestyle publications.

Botkeeper also comes with multilevel specialized support to assist you with both bookkeeping and technical issues. You can email your assigned Botkeeper, and your questions will be answered typically within 24 hours of submission.