NEWS AND HELPFUL INFORMATION ABOUT ACCOUNTING AUTOMATION
Common practices like influencer gifting – where orders are processed at zero cost, usually by the user manually applying 100% discount on the order itself – can distort financial figures in Shopify. These orders impact revenue calculations and, if not accounted for correctly, can skew key financial metrics like gross
In thinking about where Bookkeep really SHINES, it’s in two areas. The first is our world-class customer support. The second is when there is significant channel complexity. The more selling and payment channels, the more time we can save you and the more confidence and clarity your team can gain
SUMMARY Ecommerce sales tax has become extremely complex – and the rising accountant shortage makes it even more difficult for retailers. Bookkeep CEO and Co-founder Jason Richelson explains how retailers can solve this in his most recent column for Accounting Today. READ THE FULL ARTICLE
Accountants often find Treez to be a headache, finding issues with multiple reports running (with 10s of columns and 100s of daily orders). This makes for persistent difficulty interpreting and transforming the data into accurate accounting entries. Fortunately, Bookkeep solves these issues by automatically connecting Treez to QuickBooks Online, Xero,
Accountants often find Mindbody to be a headache, finding issues with clunky, time consuming accounting processes. Often, accountants must run multiple reports to capture the entire range of daily activity: daily closeout, gift card reports, etc. Moreover, data isn’t transparently reflected in the default Mindbody reports (e.g., the amount
Accountants often find Clover to be a headache, finding issues with clunky, time consuming accounting processes. Much of the time, accountants must run reports to capture the entire range of daily activity, create formulas and pivot tables, etc. Moreover, some accounting data isn’t fully reflected in the default Clover
Accountants often find Square to be a headache, finding issues with: Time-consuming work running reports to capture the entire range of daily activity for both sales and payouts Complexity around Square’s treatment of Square invoices, which recognizes sales only when the full balance is paid off and with proper
SUMMARY In this column for Thomson Reuters, Jason explains why we’re not going to see the transformation of AI right now in account reconciliation for retailers and restaurants. The piece explores the promise of AI in retail, how it affects CFOs, and what they can do to address the gaps. READ THE
SUMMARY For CFOs, gauging productivity has been difficult. With the accounting shortage impacting many organizations, productivity must work hand-in-hand with technology. Bookkeep CEO & Co-founder Jason Richelson is quoted in CFO.com explaining why good software that moves accounting work to automated workflows is essential to boosting employee morale, talent retention,
SUMMARY In this column for Thomson Reuters, Jason makes the case for why tax & accounting firms should consider switching to a specialization-focused service model to more fully leverage their talent and avoid burnout. READ THE FULL ARTICLE