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ScanWriter Excel Features and Benefits

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Features & Benefits

Why ScanWriter?

ScanWriter is the only solution using advance technology to ensure accuracy and intelligent error detection at hyper
speed.
Its integration with Excel gives you the maximum data entry efficiency in a user friendly way.

Enter 100+ transactions in seconds!

ScanWriter streamlines data entry for bank statements, bills, invoices, receipts and more. Taking only 10 seconds per
page, ScanWriter displays a user friendly preview screen allowing you to edit, review, and total amounts to ensure
100% accuracy.

introduceScanWriter

ScanWriter transforms multi-step accounting activities into one streamline task. Your financial records will be kept
up-to-date without incurring the cost of an additional full time bookkeeper.

Leveraging the benefits of technology offers over 90% in time savings.

 ScanWritervs.Manual Data Entries/Outsourcing
check_icoQuickly & efficiently reads your financial documents.Takes time to manually enter data and/or go
from internal office to outsourced company.
check_icoIt instantly cuts hourly labor costs by 90%.Would have to incur costs of a full time bookkeeper(s).
check_icoScan unlimited documents at your discretion!Ongoing hourly and transaction limitations.
check_icoIn-house security and privacy amongst financial documentation so that never have to worry about your private documents leaving the premises or
getting into the wrong hands.
If outsourcing, you need to disclose and send
documents to vendor - possibility of document loss
and compromisation of privacy.
check_icoFewer bookkeepers are needed to maintain and reviewcompany files. Reduces the need for multiple checkpoints to account for human error.Multiple bookkeepers needed to record and review
transactions. If outsourcing, you need to go through the outsourcing company and through the people they outsourced to finish the job!
check_icoData integrity - can review and check entries before
QuickBooks import to verify the validity and integrity of
data.
Data integrity at risk – using multiple bookkeepers
lessens the ability to review and see whether what is
enter is correct or not. Creates potential redundancies.
check_icoTakes minutes to read and review transactions before
importing into QuickBooks.
Takes days to enter and review your data before
importing into QuickBooks.
check_icoTakes the click of a button to instantly create
QuickBooks entries.
Takes hours of manual data input to create QuickBooks entries.

 

Manual input can lead to human error:
  • The avg. accuracy rate of a human is dependent upon multiple factors such as inexperience, risk misinterpretation,
    conflict of objective, and moral.
  • Avg. likelihood of a human creating an error is 21%.
  • In 2009, 2.5% of firms filed for a financial restatement of their returns.
  • Last year, 75 companies filed 78 financial restatements to correct accounting errors.*
  • In addition, companies delayed 115 financial reports.*
  • Expense recognition was the most common area of error corrections, accounting for 18 percent of all errors.
    These included underreported or miscalculated expenses.*
Using ScanWriter will save the necessary hours, money and time needed for data entry:
  • Depending upon the amount of work available, bookkeepers can spend on average four hours to 20+ hours each
    month entering data.

Key Features & Benefits:

  • 100% accuracy in QuickBooks
  • Improve data integrity
  • Supports bank statements, receipts, invoices & more!
  • Manage high volume & batch processing
  • Minimize data entry errors
  • Reduce time & costs
  • Advance error detection
  • Automated account coding & entity name recognition
  • Reliable automated data entry
  • User friendly editing and review screens

**ScanWriter does not currently support handwritten documents.

*Expense Chart: According to the May 2009 National percentile wage estimates per Bureau of Statistics, 90% of Bookkeepers earned $24.25 per hour and had an annual wage of $50,450.00. *Bullet points: According to CFOZone.com, “Accounting errors way down: good or bad news?” by Stephen Taub.

  • ScanWriter® and QuickBooks® Financial Software work together to help simplify your financial management. ScanWriter gives you the power to manage your business more effectively by providing you with fast, easy and integrated solutions to meet the needs of your business. QuickBooks and QuickBooks logo are trademarks of Intuit Inc, displays with permission.