Qvinci Releases File "Health Check" Features

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New toolset helps accountants and bookkeepers monitor files and quickly identify accounting errors affecting the P&L, Balance Sheet, and Cash Flow Statement.

Financial File Consolidation and Reporting Solution
Customers were saying 'I think there’s something wrong with your program, things aren’t matching up’ - so we built a tool to help find the source of the discrepancies.

Qvinci Software unveiled new functionality today called “File Health Check” – a toolset and dashboard that allows accountants to identify accounting file errors, across all clients, in a single view. This new functionality automatically runs a set of 7 tests on each file linked and synced in a Qvinci account. The tests are designed to catch basic errors affecting the Balance Sheet, P&L, and Cash Flow Statement and will identify the month in which the error(s) occurred, up to 36 months ago. Results of the daily checks are posted to a “Health Check” dashboard, through which users can drill down to get additional details regarding the error(s). Learn more at http://www.qvinci.com/file-health-check.

Qvinci’s core technology allows organizations to automatically sync, consolidate, and compare financial information from multiple locations in a single view, on a daily basis. Standard reports include Cash Flow, P&L, Balance Sheet, and A/P & A/R Aging. The Health Check features enhance the monitoring and analytics utility of the application – instantly highlighting potential issues as they occur, not months or even years later. Qvinci is used by leading multi-unit organizations such as Anytime Fitness, The Dwyer Group, and the Archdiocese of Baltimore.

“This is just another example of Qvinci’s ability to adapt and grow to meet market needs. The idea for this toolset stemmed from the increasing number of requests we were getting from customers to help them track down the source of financial discrepancies. Nearly every one of these calls started with ‘I think there’s something wrong with your program, things aren’t matching up’ – but after some digging we were able to show them where the errors were coming from, inside their accounting files”, said Charles Nagel, CEO of Qvinci. Charles further explained, “We developed tools internally to help us help our clients and soon realized the value to the accounting community of routine file monitoring and a dashboard output. The Health Check features allow Qvinci’s accounting customers to offer their clients increased levels of service. Coupled with our consolidated reporting and benchmarking functionally, Qvinci becomes a must-have for SMB and franchise accountants.”

In addition to providing visibility at the consolidated level, individual locations can view and anonymously benchmark their own financials inside the Qvinci application, using Qvinci’s patent-pending Dynamic mapping to a Standard Chart of Accounts (SCoA).

About Qvinci

Qvinci Software, reporting partner for the Intuit® Franchise Program, offers cloud-based financial reporting and business intelligence solutions to organizations with 1 – 10,000 locations. In addition to QuickBooks Online, Qvinci’s highly-secure software works with QuickBooks Desktop, QuickBooks Asia & Australia, QuickBooks Enterprise, Xero, MYOB, and Excel. Our financial reporting and dashboard software can sync and consolidate thousands of files in seconds. For a low per-file monthly fee, Qvinci allows organizations with multiple locations or clients to automatically collect financial data from all locations/clients on a daily basis, compare performance side-by-side, consolidate financial statements using a Standardized Chart of Accounts, and rank / benchmark locations against top performers on a line-item basis. Qvinci's dashboard also allows users to filter by non-financial categories such as how long a location has been open, square footage, and staff size. Qvinci is located in Austin, Texas and has been producing award-winning software since 2007.

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Suzanne Corbo
Qvinci Software
(512) 637-7337 Ext: 305
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