AuditMyBooks™, the creators of software that helps small businesses protect their money by automatically double checking QuickBooks for errors and fraud, today announced the Free Forever Program. Businesses can now use the free AuditMyBooks Analyzer Check-up to automatically scan their accounting records for more than a dozen possible problems.
Steve Bachman, CEO of AuditMyBooks said, “Our Analyzer™ Check-up works fast and automatically. It only takes a few minutes to scan the average Quickbooks file and it’s free. Businesses can now run a quick scan before doing their month-end trial balance, filing their taxes, meeting with their loan officer, or when the numbers just don’t seem right?”
Accounting errors are quite common in all businesses. Experts claim that 60 percent of such errors result from simple bookkeeping mistakes or misapplication of easily understood accounting standards. Although unintentional, mistakes can still lead to bigger issues like penalties from erroneous tax filings or overpayments to vendors.
Nelson Colon, CPA said, “I used AuditMyBooks for two clients I have in QuickBooks. It found a duplicate payment error and I fixed it quickly. It’s a nice application to use with QuickBooks.”
Fraud is also a serious problem for small businesses in the U.S. The Association of Certified Fraud Examiners (ACFE) estimates that organizations lose 5% of their revenues to fraud, and companies with less than 100 employees represent more than 30% of all fraud cases. ACFE research also shows that small businesses suffer the highest median losses of any sized company at nearly $150,000 per occurrence.
Businesses interested in the AuditMyBooks Free Forever Program can visit the Intuit App Center to get started with Analyzer Check-up today. As an added bonus, new AuditMyBooks accounts are automatically entered into the Intuit App Center “Fly & Try” promotion for the chance to win a Southwest Airlines gift card!
AuditMyBooks™ is a business-to-business software company that automatically analyzes small and medium-sized business accounting records to detect accounting errors and fraud. Designed to work with QuickBooks, the #1 small business financial software application in the United States, AuditMyBooks Analyzer™ products are available in the Intuit App Center.
AuditMyBooks™ is led by a team with extensive experience in financial auditing, accounting systems and information security. They identified a market need for a cost effective and easy-to-use solution that helps small businesses identify suspect financial transactions to proactively reduce business risk. Drawing from techniques successfully used to detect information security threats such as viruses and spyware,
AuditMyBooks Analyzer™ helps small businesses protect their financial resources and ensure their financial data is reliable for decision-making and reporting. Based in Atlanta, AuditMyBooks™ was recognized in 2010 as one of the Top 40 Most Innovative Companies by the Technology Association of Georgia and by Intuit as the Best New Solution at CouldJam East 2010.
The National Science Foundation awarded AuditMyBooks a Small Business Innovation Research (SBIR) grant to assess the feasibility of predicting fraud in small businesses. This cutting-edge research will enable AuditMyBooks to extend its current product. The research proposal suggests that fraud prediction may be possible by analyzing small business financial data with advanced statistical analysis.
The AuditMyBooks™, AuditMyBooks Analyzer™, Analyzer Check-up™ and Analyzer Free Forever Program™ names and trademark are exclusively licensed to AuditMyBooks, LLC. Intuit, the Intuit logo, and QuickBooks, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries.
All other products or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners.