Bookkeeping tool maker Receipt Bank has released its Practice Platform reports dashboard as, what it claims to be, a first-of-its-kind app on the Apple Watch.
Now via Apple Watch, practice owners can:
Estimate the amount of bookkeeping time outstanding per client, practice, or team member.
Prioritize bookkeeping tasks by urgency so teams can work on clients whose deadlines are approaching.
Identify which clients are submitting data and are up to date.
Understand how long clients are sitting on receipts and invoices before submitting them.
Detect transactions that do not have supporting documentation.
Highlight the number of items submitted after an accounting period has closed.
âAccess to metrics on Practice Platform through wearables will enable professionals to run their most efficient practice, on-the-go, and in real time,â said Michael Wood, Receipt Bank co-founder, in a prepared statement. âWith the Practice Platform bookkeeping dashboard, firms can dramatically reduce the internal cost of bookkeeping, estimate and bill correctly, and help clients improve their processes, achieve compliance, and increase accuracy of their accounts.â
Practice Platform is available to bookkeeping and accounting firms in the United States and the United Kingdom via a bespoke Apple Watch app, iPhone and Android apps, and online via PCs and tablet devices.