About Bookkeep

Bookkeep.com automates the synchronization of transaction, payment, and sales tax data from various ecommerce and POS platforms into accounting systems, ensuring daily accrual-based summaries and accurate balance reconciliation. This technology eliminates manual data entry errors and discrepancies, providing businesses with reliable financial insights and streamlined bookkeeping processes.

<problem> Many e-commerce businesses struggle with the complexities of managing and synchronizing financial data across multiple sales channels and payment platforms. This often leads to inaccurate financial reporting, time-consuming manual data entry, and difficulties in reconciling accounts. Furthermore, businesses face challenges in accurately calculating and filing sales tax across various jurisdictions. </problem> <solution> Bookkeep provides an automated accounting solution that streamlines financial data synchronization from e-commerce and POS platforms directly into accounting systems. It automates the posting of accrual-based daily sales summaries, ensuring up-to-date and accurate financial records. The platform automates sales tax calculations and filings through integration with Avalara, reducing the risk of errors and penalties. Bookkeep also automates the reconciliation of multi-channel payouts, providing clear visibility into sales, fees, and commissions, and supports multiple currencies. </solution> <features> - Automated data synchronization from 60+ e-commerce and POS platforms into QuickBooks Online, Xero, Zoho Books, Sage Intacct, and NetSuite - Daily accrual-based sales summaries posted automatically to accounting systems - Automated sales tax calculation and filing through Avalara integration - Automated reconciliation of multi-channel payouts, including sales, fees, and commissions - Revenue recognition based on ship date or order date for Shopify integration - Multi-currency support for international transactions - Historical data import to ensure accurate records from the start - Daily email updates with sales and status information for each channel </features> <target_audience> Bookkeep is designed for e-commerce, retail, restaurant, and cannabis dispensary businesses, as well as CFOs and accounting teams managing multi-channel sales and complex financial data. </target_audience> <revenue_model> Bookkeep offers tiered subscription plans, including Lite ($19/month), Starter ($49/month), Growth ($99/month), Pro ($199/month), Advanced ($499/month), and Advanced Unlimited ($999/month), based on annual revenue and the number of sales channels. </revenue_model>

What does Bookkeep do?

Where is Bookkeep located?

Bookkeep is based in Brooklyn, United States.

When was Bookkeep founded?

Bookkeep was founded in 2018.

How much funding has Bookkeep raised?

Bookkeep has raised 9900000.

Location

Brooklyn, United States

Founded

2018

Funding

9900000

Employees

39 employees

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Bookkeep

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Executive Summary

bookkeep.com 2K+

Founded 2018 – Brooklyn, United States

Funding

Estimated Funding

$5M+

Team (30+)

No team information available.

Company Description

Problem

Many e-commerce businesses struggle with the complexities of managing and synchronizing financial data across multiple sales channels and payment platforms. This often leads to inaccurate financial reporting, time-consuming manual data entry, and difficulties in reconciling accounts. Furthermore, businesses face challenges in accurately calculating and filing sales tax across various jurisdictions.

Solution

Bookkeep provides an automated accounting solution that streamlines financial data synchronization from e-commerce and POS platforms directly into accounting systems. It automates the posting of accrual-based daily sales summaries, ensuring up-to-date and accurate financial records. The platform automates sales tax calculations and filings through integration with Avalara, reducing the risk of errors and penalties. Bookkeep also automates the reconciliation of multi-channel payouts, providing clear visibility into sales, fees, and commissions, and supports multiple currencies.

Features

Automated data synchronization from 60+ e-commerce and POS platforms into QuickBooks Online, Xero, Zoho Books, Sage Intacct, and NetSuite

Daily accrual-based sales summaries posted automatically to accounting systems

Automated sales tax calculation and filing through Avalara integration

Automated reconciliation of multi-channel payouts, including sales, fees, and commissions

Revenue recognition based on ship date or order date for Shopify integration

Multi-currency support for international transactions

Historical data import to ensure accurate records from the start

Daily email updates with sales and status information for each channel

Target Audience

Bookkeep is designed for e-commerce, retail, restaurant, and cannabis dispensary businesses, as well as CFOs and accounting teams managing multi-channel sales and complex financial data.

Revenue Model

Bookkeep offers tiered subscription plans, including Lite ($19/month), Starter ($49/month), Growth ($99/month), Pro ($199/month), Advanced ($499/month), and Advanced Unlimited ($999/month), based on annual revenue and the number of sales channels.