The Woodard Report

Facta Goes Live!

Written by Jennifer Finger | Feb 9, 2021 8:49:16 PM

Software provider Facta announces the launch of its PrepaidSync Engine, a tool designed to help QuickBooks Online users with reporting and reconciliation tasks.

The PrepaidSync Engine contains automated tools that speed up monthly reporting and eliminate reconciliation issues. It accelerates periodic book closes and continually addresses subledger accounts. 

Facta plans to enhance its currently available selection of accounting tools with additional items. It expects the new tools to provide even more value for accounting professionals and their clients in the following areas: 

  • Revenue recognition (this is in Beta stage and is expected to become available in the first quarter of 2021) 
  • Accrued Expenses 
  • Notes Payable and Receivable 
  • Fixed Assets 
  • Multi-entity consolidation and eliminations 

We can’t wait to see what Facta’s future has in store!