2023 Xero Practice App Partner of the Year Nominee
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 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!
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. 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!
See how easy it is to get setup:
- Xero Practice Manager - Connect XPM to bring in your full client list.
- Xero - Connect some of your clients Xero organisations to see the power of the tools.
More details can be found here: https://www.account-kit.com/integrations