KnowLedger is intelligent middleware automation for ledger entry of brokerage accounts, managed accounts, and/or cash accounts that gives much-needed bandwidth back to your accounting team.
Provide timely and accurate posting through the automation of journal entry posting of bank, brokerage, or alternative investment activity.
Easily access underlying detail of tax or reporting categories or entries.
Eliminate manual data entry to reduce cost and focus staff on higher value accounting tasks.
Post transaction or account level data including realized and unrealized gains and losses.
KnowLedger has helped to free up our accountants who now can focus on reviewing the data and making decisions.
Phil Smith | GCI
KnowLedger is ideal if you…
Need to close your month-end faster
Are resource-constrained, or using accounting resources to do tedious data entry
Want to update your GL more frequently, even daily
Want to improve your ability to provide detailed reporting from the GL
Firms want solutions that free up their resources to focus on their core business, not wrangling data.
Ryan Kerry | Founder | KnowLedger
Benefits to TAX Processing
We automate the posting of key tax information directly to your general ledger including 1099 and brokerage statement transactions (other details – alternatives?) so you can quickly access and substantiate those details for your clients’ tax returns. Specific benefits of this efficient process are:
Detailing purchase and sales information, including realized gains/losses, dividends, and interest.
Developing drill down capabilities to promptly investigate and analyze audit and client questions or concerns.
Reducing cost of manual journal entry tasks allowing staff to focus on higher level and more valuable tax support functions.
Providing timely and accurate posted information as data is directly posted from bank and brokerage sources in an automated method.
Benefits to Your REPORTING
By automating the posting of transactions and key investment information, you could provide constructive analysis to your clients by helping them make more timely and informed decisions. You will better be able to offer detailed reporting needs to our clients by:
Offering more timely and accurate reporting allowing clients more time to analyze and address time-sensitive financial decisions.
Providing quick and easy access to the details of reporting summaries and categories.
Reducing cost of manual journal entry tasks allowing staff to focus on providing analysis and details on client reporting prior to sending reports to clients.
Enabling a better understanding client cash flow needs and forecasts.