A team of Maui entrepreneurs have launched the cloud-based accounting
site Cheqbook.com,
which solves cloud accounting's categorization accuracy challenges while
delivering a smart online accounting service for small businesses.
It has caught the attention of Silicon Valley and was recently awarded
1st runner up during Startup
World's Hawaii conference. Held in conjunction with Mai
Tai Global (an annual Maui gathering of the tech world's top
entrepreneurs, innovators and athletes), Startup World is a global
competition looking for the world's best tech start ups.
Doug Levin, Cheqbook CEO and partner at Levin & Hu, Hawaii's largest CPA
firm outside of Honolulu, announced, "After years of struggling with
accounting systems, we're proud to offer this service to small
businesses. Cheqbook provides modern accounting tools to better manage
business health and while saving precious time."
Cheqbook has been under development for the past two years and was
conceived, in part, to address user frustrations with QuickBooks Pro and
the way it handled categorization. "Our system actually saves businesses
time by automatically connecting to bank and credit accounts and
downloading and categorizing transactions," explains Levin. "Cheqbook remembers how transactions are categorized by businesses, and also uses
crowd sourced data for categorizing algorithms, an advantage not seen in
current accounting systems."
Cheqbook is a complete accounting package that handles tasks such as
general ledger, invoicing, bill pay, balance sheet reporting, separating
business and personal expenses, reconciliations, and more. Because the
software is cloud-based, businesses can gain access to their finances
anywhere, anytime, from most Internet devices including your
tablet/mobile device's browser.
Cheqbook is currently offering users a 30 day free trial and anyone that
also signs up a friend will get an additional month free. For more
information go to www.cheqbook.com.
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