Equility

Equility is an automated financial review tool that lets you check the accuracy of financial statements with a click. It's designed to streamline financial review and bank reconciliation for accounting and other financial professionals, freeing up time that would otherwise be spent on the tasks.

Equility integrates with QuickBooks data and compares it with bank statements to spot discrepancies or other problems with transactions. The tool automates account reconciliations, flagging uncleared transactions for review and ensuring proper balance. Other modules are available for depreciation, amortization, undeposited funds, liabilities, opening balance equity, assets and unclassified transactions. You can also set up custom rules for your own business needs.

The tool is geared for bookkeepers, accounting firms, auditing firms, venture capitalists and banking and lending companies. Equility promises to free up time spent on financial review chores so you can spend it on more important work.

Pricing is available in three tiers:

• Pro: $5 per month per company, with an account reconciliation module and advisory support.
• Pro: $15 per month per company, with an account reconciliation module, financial review module and advisory support.
• Advanced: Pricing not disclosed, but you can contact Equility for more information.

You'll have to download the Equility Chrome plug-in to link it to your QuickBooks Online data. The plug-in lets you start account reconciliations either in QuickBooks or through the Equility interface.

With automated financial review, Equility cuts down on errors and lets you focus on higher-level work. You can try it out with a free trial to see how it works and how it can help your business. For more information or help, Equility offers a list of FAQs and advisory calls to help you get the most out of your financial review.

Published on July 26, 2024