AuditMyBooks™ announced Analyzer™ 2.2, an award winning application that helps small businesses protect their money by automatically double checking their accounting records for common errors.
“We all make mistakes,” said CP Morey, vice president of products & marketing for AuditMyBooks. “Sure, it’s great to learn from what doesn’t work, but paying for those mistakes is something we’d all like to avoid. In the case of simple accounting mistakes, it’s often one small detail that makes the difference between getting it right the first time and paying to fix it”.
Accounting errors plague small 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.
Brandon Jansen of JB&R said, “I worry about simple errors. We run a small construction company and sometimes things get a little hectic and simple mistakes can be made. Using AuditMyBooks allows me to check for errors quickly without taking my time away from other duties that need to be fulfilled.”
The newest release of AuditMyBooks Analyzer double checks QuickBooks for more than a dozen common mistakes including incorrect 1099 filings. The IRS requires businesses to issue 1099 forms for payments made to independent contractors, professional service providers, and other individuals.
Morey added, “Business owners are frightened by the so-called 1099 provision from the recent healthcare reform bill. While the legislation proposed by U.S. Senator Max Baucus (D-MT) is promising, millions of small business owners are wondering how to address this requirement in the meantime.”
AuditMyBooks can be used regularly to analyze every accounting transaction in a matter of minutes much like security software that detects viruses and spyware. The sooner problems are discovered, the sooner corrective action can be taken, ultimately helping small businesses to focus on commercial success and growth.
AuditMyBooks™ (auditmybooks.com) is a cloud based software company that helps small and medium businesses automatically double check their accounting records for errors and possible fraud. Designed to work with QuickBooks, the #1 small business financial software, AuditMyBooks Analyzer™ products are available in the Intuit App Center. Analyzer™ requires no installation and data security is provided by Intuit.
AuditMyBooks™ is led by a team with extensive experience in financial auditing, accounting systems and information security. They saw a market need for a cost effective and easy-to-use solution that helps 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™ helps businesses protect their resources and ensure their financial data is reliable for decision-making and reporting. Based in Atlanta, AuditMyBooks™ has earned awards from Intuit, the National Science Foundation, the Technology Association of Georgia and The Sleeter Group.
The AuditMyBooks™ and AuditMyBooks Analyzer™ names and trademarks 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.