Best bookkeeping software - FinSync is specially designed and developed as Bookkeeping software for bookkeepers - Best bookkeeping software for small businesses. FinSync eliminates manual processes by automating client onboarding and syncing bank accounts in real-time. No more requesting statements, deposit slips, or check images—everything is seamlessly accessible, reducing interruptions and allowing you to focus on your work.
FinSync- Best Bookkeeping Software
Key Obstacles in Bookkeeping
Manual Tracking of Accounts
Bookkeepers need to manually track multiple bank accounts for each customer, a process that is time-consuming and prone to errors, especially as the number of clients grows.
Financial Data Security
Clients are increasingly concerned about the security of their bank details. Bookkeepers can not store their passwords and increase their risk.
Different Bank Formats
Different banks provide statements in different formats, making it difficult for bookkeepers to consolidate and analyse financial data efficiently. Each format requires manual adjustments, adding complexity to the process.
Multiple Banks & Financial Accounts
Customers can have Checking, Savings, Credit and other accounts. Some customers have Bank Accounts across different banks for the same business.
Reminders for Bank Statements
Bookkeepers frequently have to remind customers to send their updated bank statements, causing delays in maintaining up-to-date financial records, especially when customers are unresponsive.
What Does FinSync - Bookkeeping Software Offers?
Email Trigger System
An automated email system is integrated to send links via customer will link their bank accounts with the solution. This streamlines communication and reduces the manual burden on bookkeepers.
Automated Customer Onboarding and Bank Account Linking
The system automates the process of onboarding new customers and linking their bank accounts. This reduces the need for manual data entry and verification, saving time and minimizing errors. It allows for a more efficient setup, especially when dealing with large numbers of customers.
Periodic Bank Statement Syncing + Manual Syncing
The solution automatically syncs bank statements at set intervals, ensuring that financial data is always current and accurate. Additionally, manual syncing is available, allowing bookkeepers to update data immediately when needed, such as for audits or special reporting purposes.
Single Format Across Different Bank Accounts
This feature ensures that financial data from various bank accounts, each with potentially different formats, is standardized into a unified format. This eliminates the complexity of managing multiple banks with inconsistent data structures, making it easier for bookkeepers to work across accounts seamlessly.
Secure and User-friendly Interface with 100% Solution Ownership
The platform offers a secure, easy-to-use interface that ensures bookkeepers can manage financial data without relying on third-party systems. "100% solution ownership" means that the user's data will be on their premises, ensuring data security and operational independence.
Key Features of
FinSync - Bookkeeping Software
Customer Management
Easy onboarding with an intuitive dashboard to manage multiple clients.
This feature allows bookkeepers to onboard new clients swiftly. The intuitive dashboard provides a centralized interface for managing various clients, enabling users to track multiple accounts and financial data efficiently. It simplifies client management, making it easier to handle a large client base.
Bank Account Integration
The solution is integrated with PLAID or AA companies to get real-time account data.
FinSync can be integrated with various major account aggregators like PLAID, allowing for real-time syncing of financial data. This feature reduces the need for manual input, ensuring that bank transactions and statements are automatically updated, and allowing bookkeepers to access accurate and current account information at all times.
Financial Reports
Generate detailed reports in various formats (CSV, Excel, PDF).
The solution provides the facility to download the account data into 3 different formats, such as CSV, Excel, and PDF.
What Our Client Say
" Having clients give you read only access a lot less work than you bugging them for statements, deposit slips, and check images every month. "
Finance & Accounting Agency with 80+ clients
How Does it Work?
Step-1
Add Customer
To add a new customer, fill in their details such as name, email address, and phone number.secure link will be sent to the customer's email, allowing them to connect their bank account.
Benefits
Unified Customer Data
All customer data is consolidated across various accounts into a single platform.
Reduced Manual Tasks
Finsync is designed to reduce 95% of manual bookkeeping tasks.
Feature Scalability
New features can be easily added based on evolving needs.
Subscription Model
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How long is the trial period for FinSync?We offer a 7-day free trial with full access to all features. This allows you to explore the platform in a secure and private environment and see how it can improve your bookkeeping processes before committing.
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What are the system requirements to use FinSync?FinSync is a cloud-based solution that can be securely accessed from any web browser, so no additional software installation is required.
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Can FinSync work with multiple banks?Yes, FinSync supports integration with a wide range of banks, allowing seamless syncing of financial data from multiple accounts in a secure and private manner, making it easier to manage all client information in one place.
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What is FinSync Solution?FinSync Solution is a comprehensive and secure software platform designed to simplify bookkeeping for accountants and bookkeepers. It automates customer onboarding, syncs bank accounts, and provides real-time access to financial data in a secure and private environment.
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Does FinSync work for bookkeepers managing multiple clients?Absolutely! FinSync is designed to handle multiple client accounts securely, making it easy to switch between clients and access the relevant financial data with a few clicks
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What type of financial data can FinSync sync?FinSync can sync bank transactions, statements, deposits, and check images, providing comprehensive financial insights for better bookkeeping management—all in a secure and private environment.
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How does FinSync ensure data accuracy and security?FinSync uses industry-standard encryption and security protocols to protect your data. Real-time syncing minimizes manual entry errors and ensures that financial data is always up-to-date and accurate. We comply with data privacy regulations and partner with trusted providers like Plaid, which adheres to ISO 27001, ISO 27701, and SOC 2 Type II security standards.
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How does FinSync protect the data collected from Plaid?FinSync takes privacy and security seriously. All data collected from Plaid is encrypted using AES-256 encryption and transmitted via TLS protocols. We also implement multi-factor authentication and ensure that all data processing activities comply with relevant security standards, such as ISO 27001 and SOC 2 Type II, to maintain secure and private data integrity and confidentiality.
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How does FinSync automate client onboarding?FinSync streamlines the onboarding process by enabling clients to connect their bank accounts directly to the platform, ensuring secure, private, and instant access to their financial data without the need for manual document uploads.
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What does Plaid's Pay-as-you-go pricing entail?The Pay-as-you-go pricing model charges businesses based on their actual usage of Plaid’s services. This is ideal for startups or companies that prefer to avoid upfront costs. Charges are typically based on the volume of API calls or the number of connected users.
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Is it possible to switch to a higher-tier plan with Plaid?Yes, businesses can upgrade to a higher-tier plan as their needs grow. Plaid offers flexibility to scale by customizing plans to accommodate increased usage or additional product features.
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What is the cost structure for using Plaid's services?Plaid’s pricing for businesses typically follows a tiered structure that may include: Pay-as-you-go plans for smaller companies or startups. Custom pricing for enterprises, which depends on usage volume, product types, and additional services. Details on specific pricing are generally provided upon request from Plaid.
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Does Plaid charge transaction or subscription fees?Plaid does not charge transaction fees directly to consumers. However, businesses pay for Plaid services, which may include per-user fees, API call fees, or subscription-based fees depending on their chosen plan.
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How does billing work for Plaid products?Plaid bills businesses based on their usage of its API. For example: Charges may vary depending on the number of API calls made or specific product integrations used (e.g., Auth, Transactions, or Income). Companies often receive monthly invoices reflecting their usage.
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Can individuals use Plaid at no cost?Yes, individuals can use Plaid at no cost. Plaid does not charge consumers to connect their financial accounts to apps and services. Instead, Plaid's business model involves charging companies that use its API for integration.
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Is there a fee for consumers to connect their accounts using Plaid?Is there a fee for consumers to connect their accounts using Plaid?
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Are there any discounts or special offers available for Plaid services?Plaid sometimes offers discounts or promotional pricing for startups or businesses in their early stages. You can inquire about these offers during the onboarding process or through Plaid’s sales team.
Some of Fintegration clients
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