Professional services
Accounts payable automation for professional services firms
Professional services firms pay contractors, software and travel against client projects, and a bill on the wrong project means the wrong margin. ReconAIQ reads each invoice, suggests the project coding from your own rules, and routes approvals to the project lead.
The problem
Where professional services AP gets stuck
- 01
Costs that have to land on the right project
A contractor bill coded to the wrong engagement distorts margin until someone reviews the project report.
- 02
Project leads approve between meetings
Invoices wait on people who are billable and rarely at a desk.
- 03
Many contractors, many 1099s
Contractor payments have to be tracked through the year for tax reporting.
- 04
Subscriptions and software bills
Dozens of small recurring bills that each need coding and approval.
What ReconAIQ does
What is in the product, and what is coming
Every capability carries a status, so you know exactly what you are getting today.
Coding to project and task
LiveRules in your own words code each line to the right project and task.
Review with comments and @mentions
LiveLoop a project lead into any invoice by email and an in-app alert.
1099 tracker
LiveTrack 1099 vendors and payments, with the e-filing export ready.
Approvals and permissions
LiveSeparate permissions to upload, approve and release.
Alerts in Microsoft Teams
LiveApprovals and sync problems reach the team in a Teams channel.
Connects to Acumatica today, through an interface built only for it. QuickBooks Online, Sage X3, Microsoft Dynamics GP, Microsoft Dynamics SL and Epicor are coming soon. See integrations
Frequently asked questions
Can it code costs to client projects?
Yes. It codes to branch, project and task in Acumatica, using rules you write and teach it.
Which ERP does it connect to today?
Acumatica is live, with a dedicated interface built only for it. QuickBooks Online, Sage X3, Microsoft Dynamics GP, Microsoft Dynamics SL and Epicor are coming soon.
Does anything post to the ERP without a person approving it?
No. Invoices go through review and approval, and you decide who can approve and release.
Ready to see ReconAIQ on your own invoices?
Book a 30-minute demo. Bring a few real invoices and we'll walk through the checks, the coding, the approvals, and the time you get back.