Error-Free Accounting:

Automated Financial Review & Bank Rec Operations

Finding the error in a 500 transaction reconciliation normally takes 40mins...

With Equility it only takes 3mins. Yup, that’s right!

Sign up and get 85% of your time back.

Integrates with:

Start automating your bank reconciliations today

CONNECT YOUR COMPANY’S QUICKBOOKS TO EQUILITY

Equility compares your company’s Quickbooks data to your bank statement to find discrepancies or errant transactions.

SIGN UP FOR EQUILITY

Create an account by using your email and choosing a password. No credit card required.

DOWNLOAD THE PLUG-IN

Make sure the Equility Chrome plug-in is installed on your browser.

Then put your financial review on auto-pilot with Equility

Account Reconciliations

All accounts need to be reconciled through the close date and all uncleared transactions have been flagged for review.

Depreciation & Amortization

Depreciation & amortization expense during the review period need to equal the summation of the accumulated depreciation and amortization during this period.

Undeposited Funds

Make sure that this balance is accurate and that you did not forget to mark customer checks as deposited into the proper bank account.

Liabilities

If you’re reviewing a non-profit, then you need to make sure that they are not utilizing the ‘Shareholder Notes Payable’ account, as there are no actual shareholders.

Opening Balance Equity

This account shows the opening balance on bank/credit card accounts when they are linked to QuickBooks Online. These entries need to be reallocated to the appropriate GL account.

Assets

If you’re reviewing a non-profit, then you need to make sure that they are not utilizing the ‘loans to Shareholders’ account, as there are no actual shareholders.

Uncategorized Transactions

Clearing accounts need to equal $0.00 when the books are closed. Confirm the details of these transactions with your clients or reference source documents.

Equity Allocations

Different business entities have different rules. Make sure that C-Corps aren’t using ‘Owner’s Draw’ and that partnerships do not have ‘Common Stock’.

Custom Rules

You know the ins-and-outs of the business. Now, create custom rules to monitor your gross margins, sales tax liabilities, and expense limits for specified general ledger accounts.

All designed with financial professionals top-of-mind

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    Bookkeepers

    Minimize the time spent on your account reconciliations.

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    Accounting Firms

    Streamline your monthly close tasks with our compliance check.

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    Auditing Firms

    Save time gathering audit-related workpapers and documents.

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    Venture Capitalists

    Decrease the time spent on financial due diligence.

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    Banking & Lending

    Automatically verify the accuracy of presented financial statements.

Jeff Chadwick, Chadwick Creative

“Equility’s bank reconciliation wizard turned a messy, hour-long process of reconciling my business accounts into an automated, 5-minute solution.”

Lisa Culverwell, Miss Elsie’s Bookkeeping

“Where has this been all my life!”

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ONE CLICK TO FINANCIAL ACCURACY

TIME-SAVING

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Equility is built for financial professionals to streamline and automate the financial review process.

As seasoned accounting professionals, we empathized with the frustrations of the repetitive and labor-intensive monthly financial statement reviews. The exhaustive efforts required to maintain financial accuracy for our valued clients left us yearning for a more efficient solution. Frustratingly, existing technology solutions fell short in addressing our needs. Thus, Equility was born.

Equility emerged from our desire to streamline these processes through automation. Witnessing the transformative impact of Equility within our own firm, we recognized the broader potential to benefit our fellow financial professionals and business owners.

Today, Equility stands as the go-to tool for automating the financial review process and effortlessly verifying financial statement accuracy with a single click.

Want to see how Equility can save you time on your financial review?

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Get In Touch

If you’re interested in a product demo or learning more about Equility, please fill out the information below, or email us at hello@equilityhq.com.