Bssential - OMB Metrics

the

to do BOOKS

Easy to use

We have created a hybrid form of cash-basis bookkeeping.

With this system, we record transactions as soon as the money moves to and from your bank or credit cards.

This is a simplified approach suitable to many OMBs.

Simplified Dashboards

Automated

Connect your Bank accounts and Credit Cards

You transactions are automatically fetched and organized to create the basis of your books.

On day 1 you are presented with an easy-to-understand interface, built for simplicity and data that drives your business.

Accounts receivable is automatically recorded with follow up aging reports.

Affordable

We understand OMBs are on a

Our plans are affordable for:

Self Employed
Solo Operators
Freelancers
Gig Workers and part-time owners

Actually, is built specifically for Solo Operators without Employees.

We keep it simple - ONLY the features the OMB needs!

Time saving

bookkeeping and administrative work

So you can focus on

earnings and working with clients

What about Financial Statements and Tax time?

When you need accrual-based Financial Statements we have developed Accrual-It to guide you thru the process.

how is this possible

Understand the difference between cash and accrual

cash-based accounting

transactions are recorded as soon as the money has been deposited into your bank or charged to your bank/credit card

Accrual-based bookkeeping

transactions are recorded when an invoice is sent, NOT when payment is received

what is

cash-based general ledger
invoicing
payment integration
cashflow tracking tools
budget generation
extensive reporting tools
Accrual Report generation with AccrualIt
Tax Preperation tools
seemless integration to Bssential's other applications

How easy is it to get started?

We use your bank transactions as our source. Upload you latest Financial Statement (or last year's taxes). We can start with as little as our latest balance sheet and income statement.

We don't require your previous bookkeeping to complete work going forward, but it is a good source of information for us to create a historical record for your analysis benefit.