Tight’s Bookkeeping platform can be used to run the core of your bookkeeping operation, making it easy for you to manage
all of your clients (Companies), without having to dedicate resources to build a back-end dashboard for your bookkeepers
to provide service through.
You can invite your clients and configure their company directly from Tight’s bookkeeping platform. When creating the
company, you select their Business Type, which determines their transaction categories and default rules, their Entity
Type which impacts their tax forms and tax estimates, and lastly their Chart of Accounts template. These selections
allow you to cater to each of your individual client’s needs by customizing the system’s behavior based on their
specific use cases.
62% of small businesses use nothing or spreadsheets to track their accounting, representing a massive opportunity for
you to onboard companies onto your accounting platform. For the remaining 38% of small businesses that use accounting
software already, they will be prompted to connect their existing Quickbooks Online (or Xero, Wave or Bench) account to
automatically sync their existing accounting data for a seamless transition.
Now that your clients have connected all of their data sources, all of their transactions will be automatically
categorized and reconciled by
Tight’s self-learning categorization algorithms.
The few transactions that Tight is not able to automatically reconcile will be automatically flagged to you in
the Accountant Bank Transactions Dashboard where you can
review them in bulk across all of your clients or filtered down to similar companies based on Business Type or their
specific Chart of Accounts template.In the same vein as reviewing transactions across similar companies, Tight’s bookkeeping platform
provides a closing dashboard where you can review
and create monthly and annual reconciliations across
companies. Tight automatically pulls the bank statements from the underlying institutions when they are available and
gets the reconciliation started so that you don’t need to wait for your clients to provide statements.
In addition to flagging the transactions that require your attention, Tight also automatically pulls bank account
balances and flags these when there are discrepancies with the balances in the General Ledger. This on-going status
check allows you to front-load your reconciliation work when needed instead of waiting for the end-of-month closing
process. As part of this experience, Tight provides cross-cutting health-checks across all bank connections in the Tight
system, giving you a centralized place to review bank connection issues. Whether there’s an outage at a given bank or a
specific client simply needs to relink their bank, Tight’s Bookkeeping platform enables you to proactively identify
issues and address them with your clients.
