Project Description

Picture of Ledgersync Hompage
Ledgersync & QuickBooks Online

APPLICATION REVIEW

CATEGORY:

PRICING:

RATING:

Data Entry

CATEGORY:

Data Entry

PRICING:

RATING:

CATEGORY:

Data Entry

PRICING:

RATING:

ABOUT THE APPLICATION

What Ledgersync Does:

Ledgersync provides a unified dashboard for bookkeepers and accountants to access all of the clients transactions, check images and financial statements.  Even for cloud based accounting systems, Ledgersync is guaranteed to save you time.

The Ledgersync API provides quite a few different use cases that could be beneficial to many different software companies. Currently Ledgersync subscribers (such as myself) utilize the software as a financial aggregate tool. Their API allows us to connect to all of our clients bank accounts from a single dashboard providing access to their banking transactions. What sets Ledgersync apart from other companies in the marketplace is their ability to gather check images and bank statements.

Previously, to complete the monthly close for all of our accounting clients, we would have to log in to each individual bank account to download and save ever check image one by one so we could update the accounting software to reflect the payee information. Additionally we would download the months bank statements to utilize while completing a bank reconciliation. With Ledgersync, everything becomes available from a single location saving us hours every month.

When paired with desktop accounting software, their ability to export accounting specific data files (OFX and QBO) make it very simple to import the data and reducing the amount of time spent on manual data entry.

Parkway’s History with Ledgersync:

The decision to use Ledgersync has been one of the best decisions that Parkway has ever made.  Back in 2015, when bank feeds were just starting to take hold in the accounting profession, my business partner Mike and I still had the majority of our clients on QuickBooks Desktop which required us to manually collect all of the check images and bank statements before each processing. That meant logging in to each clients bank just to download the transactions and view the check, a task that required a part time person to handle.  So we started to search for a better solution, and we found Ledgersync. After switching all of our clients connections over to Ledgersync, we saved enough time to increase our client list over 30% in one year.

Ledgersync made such an impact on our business that we started to work very closely with the ownership of the company and even volunteered time as their QuickBooks technical liaison.  Our unique relationship with Ledgersync provided us the opportunity to learn much more about how bank feeds work and more importantly why sometimes they do not work. It also allowed us to see how dedicated the entire team was to the continuous improvement of their product and how much they valued their client feedback.

PROS

  • Access All Bank Accounts at Once

  • View Check Images and Deposit Images

  • Download Bank Statements

  • Export in Multiple Formats

CONS

    ADDITIONAL SCREENSHOTS

    Ready to Talk?

    DO YOU HAVE AN APP INTEGRATION WE CAN HELP WITH?

    Contact Us