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AccountKit is to accountants & bookkeepers what the V8 engine is to petrol heads. It’s an incredibly powerful suite of tools that will have your Xero Practice Manager purring so efficiently you’ll be taking care of even the most arduous tasks in no time.

Overview

Winner of Xero Industry-Specific App Partner of the Year

Frustrated by how time consuming everyday accounting and bookkeeping tasks could be, accountants Paul and Paula Murray created AccountKit to help you perform at your peak, by automating tasks and giving you greater visibility within your practice.

More than just a powerful suite of tools, AccountKit brings all relevant client information together into a central client group dashboard. So you’ll always have correspondence, integration data and more, right there at your fingertips.

Performance Enhancing Tools

Workflow Tool: This new addition to the kit enables workflow management specifically for accountants and bookkeepers. Customise the setup, then build templates (or select from the AccountKit Library) to standardise every part of your business. You can even add work instructions to the templates, so new team members know exactly what each step means whilst doing the work.

Inter-Entity Loan Reconciliation Tool: This much loved tool automates a process that has always been manual and time consuming. It uses an ingenious auto-match functionality to reconcile inter-entity loans between multiple accounts across Xero files centralising them all into a single place, so accounts can be reconciled continuously rather than having to wait for EOFY.

Equipment Finance Tool: Equipment finance schedules are generally spread across a number of client folders, which as any accountant will tell you, is a huge time waster for a practice. This tool cleverly tracks and automates all equipment finance schedules across your practice, enabling you and your team to build out a finance schedule and reconcile in real time.

Division 7a Tool: The Division 7a Tool is incredibly easy to use, yet so powerful it literally leaves the ATO Calculator for dust. It helps you streamline and simplify the creation of Division 7a schedules and also gives you a centralised view of Div7a loans across your practice, a client group or entity.

Client Map Tool: The human brain processes visual information much faster than the written word, yet many accountants resist creating diagrams to educate and inform their clients, as they are hugely time consuming to create.

This easy to use auto-build tool quickly creates diagrams of business structures, software and process maps and more for you to share with your clients. They can also be saved, updated and exported as a PDF when needed, with every change synced instantly with Xero Practice Manager.

Correspondence Register: Your practice will become much more efficient when you have every single client phone call, file note, meeting note, SMS and email conveniently stored in the Correspondence Register. You’ll also be able to deliver a more streamlined client experience by using built-in AccountKit text templates for consistency across your comms. When you couple this with creating and linking workflow tasks as well, you will have ultimate visibility!

Explore all features of AccountKit

AccountKit + Xero

= High Performance Accounting

AccountKit has a two-way sync with Xero Practice Manager, which ensures data is consistent and up to date across both. It also offers this same functionality with Xero itself, so you can sync clients data with AccountKit for reconciliation of entries and posting of journals, and then sync back to Xero as needed.

No tools required to get started Unlike when you tinker under the bonnet of a car, you don’t need any great expertise to get up and running with AccountKit. It’s not quite child’s play, but it comes pretty close.

Why not put AccountKit to the test with a free 14 day trial? You don’t even need a credit card to sign up. We should warn you though, once you get a taste for high performance accounting it’s hard to go back to the way you currently do things!

Reviews & ratings

5.0 out of 5 stars
60 Reviews
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BA
Brett Armfield
Posted
5 out of 5 stars

Awesome software

This software is brilliant. When you work through all the things that it can help practices with, it's extremely good and can drive efficiencies. Sync's really well with XPM and other integrations, and support from Matthew, Paul and the team is first class - great communicators. Highly recommend.
PD
Phil Davis
Posted
5 out of 5 stars

Highly recommended

AccountKit's ability to automate processes, such as posting the monthly entries for Chattel Mortgages directly into Xero and reconciling balances, is fantastic. Their team are also very supportive in resolving any queries you may have.
LM
Lira Mae Dela Cruz
Posted
5 out of 5 stars

AccountKit is fantastic!

Saves us a lot of time especially with inter-company loans, couldn't imagine reconciling massive number of transactions without Accountkit!

Additional info

Shared data

Xero
AccountKit
Tracking Categoriesshared from Xero to AccountKit and from AccountKit to Xero
Tax Ratesshared from Xero to AccountKit and from AccountKit to Xero
Manual Journalsshared from Xero to AccountKit and from AccountKit to Xero
Journalsshared from Xero to AccountKit and from AccountKit to Xero
Accountsshared from Xero to AccountKit and from AccountKit to Xero

App details

Added in 2016

Countries

Australia, Canada, New Zealand, United Kingdom, United States

Languages

English

Support

Setup walkthroughContact supportsupport@account-kit.com

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Although Xero reviews each app in the Xero App Store, we can’t give any guarantees. It’s up to you to assess the performance, quality and suitability of any app before going ahead.