WESTLAKE VILLAGE, Calif., Jan. 29, 2015 /PRNewswire/ -- Nearly every 'tax tips' article written for small businesses around tax season encourages small business owners to move their business records into digital format or online if they haven't already – receipts, invoices, bills, bank statements, credit card statements – so that they will automatically flow into tax preparation software. Yet many small business owners face one big obstacle – their bank or credit card company only supplies 90+ day old statements in PDF format, and no small business accounting platform natively imports them. This can stop the 'going digital' process in its tracks for those who don't want to key-in every single bank or credit card transaction by hand.
MoneyThumb (www.moneythumb.com), the leader in personal and small business financial file conversion utilities, offers the first automated solution. The company's family of PDF conversion tools can import historical PDF bank and credit card statements into small business accounting software with just a few clicks – whether QuickBooks, Xero, FreshBooks, GoDaddy, MYOB or virtually any other desktop or cloud-based small business accounting platform. The software uses advanced algorithms developed from the PDF statements generated by hundreds of different banks to convert a user's supplied PDF for import into the small business accounting application. No more manual key-in, no more Copy and Paste and no more trying to make a generic PDF converter do the job that only a specialized financial file PDF converter can do.
"The average small business owner who files a schedule C on his/her personal return spends 33+ hours in tax preparation. For those also transitioning from paper to digital, prep time can be twice that or more," said Geoffrey Moran, Senior Marketing Consultant for MoneyThumb. "Unfortunately, people quickly learn they can't electronically extract information from historical bank or credit card PDF statements into their accounting package, which leads many to input transactions by hand. MoneyThumb's PDF financial file conversion tools can turn 10 hours of such mind-numbing data entry into just ten minutes."
MoneyThumb offers the leading line of PDF converters specialized for small business financial transactions – helping to remove obstacles faced by individuals and small businesses moving to or maintaining electronic records. The company's family of PDF conversion tools for small business includes 2qbo Convert Pro (aimed at QuickBooks Pro Advisors and transaction-heavy small businesses) as well as an array of free-standing PDF financial file converters (like pdf2qfx Convert and pdf2ofx Convert) that import into QuickBooks, Quicken and cloud-based small-business accounting platforms.
MoneyThumb (www.moneythumb.com) is the leader in personal and small business financial file conversion utilities and growing into DIY wealth management software. The company aims to help customers simplify their financial lives through easy-to-use tools that consolidate finances into one picture - putting financial decision-making more squarely under individual control.
For more information please contact:
Geoffrey Moran, Senior Marketing Consultant