Intersoft ERP: Formerly known as INTERAC ERP
The Problem:
Managing Client Accounts and Reports Can Be Time-Consuming and Error-Prone
Many accountants face challenges when managing client accounts manually or with disconnected systems:
01
Manual data entry, leading to potential errors and inefficiencies
02
Inconsistent financial reporting, with delays in providing clients with accurate data
03
Difficulty in tracking client expenses, especially across different accounts or cost centers
04
Lack of integration between client accounts, financial data, and accounting processes
05
Time-consuming reconciliation, especially when managing multiple clients or accounts
Key Features of Client Accounting
Real-Time Financial Reporting
Deliver up-to-date, real-time financial reports to clients, helping them make informed decisions based on the latest data.
Customizable Client Dashboards
Create tailored dashboards for each client, displaying key financial metrics, expenses, income, and overall financial health in an easy-to-understand format.
Client Expense Tracking
Automatically track and categorize client expenses, helping you stay on top of where funds are going and ensuring accuracy in financial reporting.
Invoice Generation & Management
Generate invoices quickly and automatically, track their payment status, and ensure clients’ accounts are up to date with minimal effort.
Automated Bank Reconciliation
Reconcile client bank accounts with their financial records, automatically identifying discrepancies and ensuring accurate records.
Client Document Management
Store and organize client financial documents securely, making it easy to access and share reports, tax returns, and invoices.
Tax Management and Compliance
Easily manage taxes and ensure compliance by automatically calculating taxes and generating tax reports for your clients.
Integrated Payroll
Track and manage payroll for clients, ensuring that all employee-related expenses are correctly recorded and accounted for.
Custom Financial Reports
Generate tailored financial reports for each client, based on specific business needs, ensuring that clients get the exact information they need.
How It Works
Efficient Client Accounting with Intersoft ERP
Connect Client Accounts
Link your clients' accounts to Intersoft ERP for seamless data integration, including transactions, expenses, and invoices.
Generate Real-Time Financial Reports
Access and generate real-time reports that display clients’ financial standing, including balance sheets, profit and loss statements, and cash flow projections.
Track and Manage Client Expenses
Automatically categorize and track client expenses, making it easy to allocate costs and provide a clear breakdown of financial activity.
Automate Invoice and Payment Management
Create, send, and track invoices automatically, ensuring timely payments and minimizing late fees or missed payments.
Reconcile Accounts Automatically
Use the automated reconciliation tool to match client transactions with bank statements, ensuring accurate financial records without manual effort.
Generate Custom Tax Reports
Ensure tax compliance by generating client-specific tax reports based on real-time financial data, simplifying the filing process.
Benefits Overview
Save Time, Reduce Errors, and Ensure Timely Payments
Real-Time, Accurate Financial Insights
Keep clients informed with up-to-date, accurate reports that reflect their financial health and help them make informed decisions.
Automation and Efficiency
Automate routine accounting tasks such as invoicing, expense tracking, and reconciliation, saving you time and reducing errors.
Tailored Client Dashboards and Reports
Customize financial reports and dashboards for each client, ensuring they receive the insights most relevant to their business.
Streamlined Workflow
Integrate client accounts, financial reports, payroll, and tax management into a single system, simplifying your workflow and reducing administrative burden.
Data Security
Store and manage client data securely, ensuring compliance with financial regulations and protecting sensitive information.
Module Integrations
Seamless Integration Across Financial Functions
Connected Modules:
General Ledger
Automatically post transactions and financial data to the general ledger for accurate recordkeeping and reporting.
Accounts Receivable
Track client invoices and payments, ensuring accurate records and efficient cash flow management.
Accounts Payable
Manage client expenses by tracking and paying vendor bills within the same system.
Payroll
Track and report on payroll data for clients, ensuring accurate tax reporting and compliance.
Bank Reconciliation
Reconcile client bank transactions with financial records, ensuring accuracy and transparency in financial reporting.
Use Cases by Industry
Client Accounting Solutions for Every Industry
Retail
Manage client financials, including inventory costs, sales revenue, and tax reporting, all in one platform.
Healthcare
Track client billing, payroll, insurance reimbursements, and tax reports for medical organizations or private practitioners.
Construction
Manage client accounts for construction companies, tracking project costs, vendor payments, and payroll across multiple projects.
Manufacturing
Help manufacturing clients manage complex cost structures, including raw materials, labor costs, and production expenses.
Technology
Handle client billing, SaaS subscriptions, and software development costs, all while ensuring accurate accounting for tech companies.
Non-Profits
Track client donations, grants, and operational expenses while maintaining full financial transparency and compliance.