Equility
About Equility
Equility offers an automated financial review platform that integrates with QuickBooks to streamline bank reconciliations and identify discrepancies in financial data. By reducing the time required for reconciliation from 40 minutes to just 3 minutes, it enhances efficiency for small businesses and financial professionals managing compliance.
```xml <problem> Manually reconciling bank statements with accounting software like QuickBooks is a time-consuming and error-prone process for small businesses and financial professionals. Identifying discrepancies and ensuring accuracy can take hours, diverting resources from more strategic activities. </problem> <solution> Equility is an automated financial review platform that streamlines bank reconciliations and identifies discrepancies within QuickBooks data. By connecting to QuickBooks, Equility automates the matching of transactions between bank statements and the general ledger, flagging potential errors and inconsistencies for review. The platform reduces the reconciliation process from approximately 40 minutes to just 3 minutes, allowing users to focus on higher-value tasks. Equility also provides tools for monitoring depreciation, amortization, undeposited funds, and other key financial metrics, ensuring compliance and accuracy in financial reporting. </solution> <features> - Automated bank reconciliation for QuickBooks Online - Discrepancy detection and error flagging - Automated matching of transactions between bank statements and QuickBooks - Customizable rules for monitoring gross margins, sales tax liabilities, and expense limits - Compliance checks for assets, liabilities, and equity allocations - Integration with online banking data via API or CSV upload - Automated monitoring of depreciation, amortization, and undeposited funds - Chrome plugin to connect to Quickbooks </features> <target_audience> Equility targets small businesses, bookkeepers, accounting firms, auditing firms, venture capitalists, and banking/lending institutions that use QuickBooks Online and need to streamline their financial review and bank reconciliation processes. </target_audience> <revenue_model> Equility offers a tiered subscription model, with "Pro" at $5 per month and "Premium" at $15 per month, offering varying levels of features and support. </revenue_model> ```
What does Equility do?
Equility offers an automated financial review platform that integrates with QuickBooks to streamline bank reconciliations and identify discrepancies in financial data. By reducing the time required for reconciliation from 40 minutes to just 3 minutes, it enhances efficiency for small businesses and financial professionals managing compliance.
Where is Equility located?
Equility is based in Santa Fe, Argentina.
When was Equility founded?
Equility was founded in 2022.
How much funding has Equility raised?
Equility has raised 120000.
- Location
- Santa Fe, Argentina
- Founded
- 2022
- Funding
- 120000
- Employees
- 6 employees
- Major Investors
- Techstars