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botkeeper

Score9.6 out of 10

4 Reviews and Ratings

What is botkeeper?

Boston based Botkeeper is the world's first and original robotic bookkeeper. The Botkeeper solution uses a combination of skilled accountants, machine learning, and AI to provide the best bookkeeping at the lowest possible cost. Instead of replacing your existing accounting software, we'll hook right up to it! Botkeeper can easily and quickly integrate with Quickbooks Online or Xero. Getting up and running is simple-

1. Data is extracted from both financial and non-financial sources.
2. Botkeeper software categorizes expenses, pays bills, invoices customers, accrues revenue and expenses, reconciles accounts, and enters data into your accounting software.
3. Botkeeper's team of skilled accountants review your data to ensure accuracy, handle complex accounting, and assist with any needs or challenges.

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.
You can email or chat with your bot the same way you would a bookkeeper, only better! 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.

Media

Full mobile access!

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Automate Finance bookkeeping with Botkeeper.

Pros

  • Generating and getting on the fly consolidated tech stack.
  • For financials, it comes with bank grade security.
  • Task management, workflow documentation.
  • Document storage.
  • Dashboards which is populated from financial and non-financial sources as well give a better insight into options.

Cons

  • Potential and capabilities for revenue recognition are not up to a high standard, which is a basic ask.
  • The exhaustive analysis is not possible with just Botkeeper, one needs to integrate with some other third-party service provider, and that's something that is not considered good.
  • Analytical outputs in terms of charts and graphs need to be more adaptive as only a few configurations are provided and the rest seems to be pulled from the provided one, which imparts an overhead.
  • Botkeeper claims best probability and statistics calculations but sometimes standard deviation shows it way away from acceptance criteria.

Alternatives Considered

KPMG Compliance Consulting

Botkeeper - perfect for your small business

Pros

  • They have a clean and easy portal that I can log into and link all accounts so they have access to what they need
  • They are so good at what they do that I only need to respond to 1 or 2 emails a month for uncategorized transactions or clarifications
  • They process all of our AR, AP, year end reports, sales tax, and bookkeeping. And it's all very accurate and on time.

Cons

  • I honestly cant think of any room for improvement. We've been a client for 6 years and are very happy

Alternatives Considered

Pilot.com and ScaleFactor

Other Software Used

Google Ad Manager, Google Drive

Want automation, good on-boarding and peace of mind? Go with Botkeeper

Pros

  • on-boarding team
  • adjust their roadmap in accordance to customer needs
  • their support team is second to none

Cons

  • their current interface
  • the scoping tool (makes sense once you're using botkeeper)

Alternatives Considered

QuickBooks Desktop Enterprise