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Accountants4less Launches Recon2Go(TM), the First On-Demand Bank and Credit Account Reconciliation ServiceRecon2Go Eliminates the Need for Time-Consuming Manual Accounting Reconciliation (September 30, 2009)
SAN FRANCISCO, CA -- (Marketwire) -- 09/30/09 -- The small business person's headache of manually reconciling their bank and credit accounts is over with the launch of Recon2Go(TM), http://www.Recon2Go.com, a new online bank reconciliation service aimed at giving small businesses using QuickBooks and major banks an automated solution to easily reconcile their bank and credit accounts. The service, from virtual accounting and back office automation pioneer Accountants4less, http://www.accountants-4-less.com/, also joins the ranks of other seasoned small business providers taking stock in the benefits of cloud computing with the launch of Recon2Go.
"When teaching QuickBooks, I always tell students cash flow is vital to a small business. It is therefore imperative that they reconcile their accounts at least once a month to get an accurate picture of their cash flow," said Vicent Garcia, Accountant and a former QuickBooks instructor at San Francisco City College. "More often than not, I get distressed calls from former students telling me that they had fallen months behind in reconciling their bank accounts. They just don't have enough time to run their business and do the accounting work. That is why I believe Recon2Go(TM) is a great solution for small business owners! Not only does Recon2Go take out the hassle of poring over statements, filling in gaps in entries, and categorizing transactions, its turnaround time is quite fast too."
Today the accounting of a typical small business is increasingly more complex than a few years ago as it may consist of a mixed bag of credit and debit transactions; ranging from manual checks, payroll, PayPal, online bill pay, automatic withdrawals, pay-by-phone, ATM, bank fees, merchant fees, charge backs, and more. On the credit side, transactions may range from credit card payments, cash and check deposits, ACH, direct deposits, inter-account, and EFT transfers.
With the Recon2Go online service benefits include:
1) Automatic Reconciliation - Taking an "As Is"** QuickBooks backup file, and a recent bank statement (PDF or Excel Format), submitting it for processing via a secure upload link, then having it automatically enter all or missing transactions in the check register, and complete the reconciliation;
2) Robust Reports - Receiving an updated and reconciled QuickBooks backup file with a comprehensive Reconciliation Report.
3) Quick to Finish - Completing the whole reconciliation in a 2-step process that can be done in minutes compared to hours and days it takes to manually review, record and reconcile a bank or credit account.
4) Recurring Updates - Accessing a timely monthly reconciliation of bank accounts will streamline the month-end accounting procedure and allow for more current and accurate financial statements.
"Many small business owners come to me spring of every year to have their taxes done. But, most of them have not had their books prepared, not to mention their banks reconciled," says Marizel Secuya-De Castro, a California CPA. "Reconciling the business bank accounts is the first and most important step in accounting and Recon2Go(TM) will help business owners easily keep their books current."
Recon2Go currently supports all QuickBooks Pro and Premier Windows PC & Mac version for 2004-2009. It also supports QuickBooks Enterprise Solutions 9.0.
Recon2Go online services is a transaction-based pricing service; monthly reconciliation packages range from $49.95 (up to 150 transactions) to $129.95 for up to 500 transactions a month. Special pricing is available for large monthly transactions.
"We have eliminated the cumbersome manual bank reconciliation process by bridging the gap between electronic and manual procedures," said Cameron Shafie, Vice President of Marketing & Business Development at Recon2Go(TM). "While QuickBooks and banks such as Wells Fargo Bank and Bank of America offer the data integration of banking transactions, a user must still manually check each bank or credit card transaction against the bank statement. Our online reconciliation service eliminates a major bottle neck in the required Month end accounting procedure."
Accountants4less, founded in 1997, is a privately held corporation headquartered in San Francisco, California, providing financial management and back office automation solutions to small businesses throughout California. Accountants4less services and solutions help small businesses focus on their core business and reduce financial management maintenance costs.
For more information, visit http://www.Recon2Go.com.
** An "as is" QuickBooks Backup file may refer to a file that may have partial new transactions or has not been updated since the prior reconciliation.
**Mac for QuickBooks supported via export utility tool to PC version
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