BK1 screen shots
We aim to make BK1 the most beautiful bookkeeping software you can imagine. This, of course will take some time and our efforts to date look like this:
Please let us know what you think as we are constantly striving to improve BK1.
BK1 main features
- Stunningly beautiful user interface more >>
- Transactions are imported directly from PDF bank statements. We store a copy of the actual statement along with the transactions and statement balances. Because we know the statement balances, we can automatically reconcile the by checking the balances against the transaction totals more >>
- When a statement is imported for an account you have not used before, a new bank account record is automatically created in BK1 more >>
- Each bank account is owned by an 'entity'. For example, you may have personal bank accounts, business bank accounts and investment bank accounts more >>
- As each transaction is imported, a chart-of-account category is assigned based on your previous use of BK1 more >>
- When transactions are imported, it they look like they may be a transfer between accounts, they are marked as a transfer more >>
- Transactions in one account or entity can be tagged as belonging to another entity. This makes it easy to unravel the mess we sometimes get ourselves into as small business owners when we make a business purchase on our personal credit card, or pay a personal expense from our business account more >>
- Generate reports by quarter per entity. Reports that are available include cash flow, profit & loss, BAS work sheet & transfers between entities more >>
About Bookkeeping for One
When designing BK1, we asked ourselves "if magic were possible, what would this software do?".
The answer was simple, if magic were possible, then small businesses would not need accounting software, their monthly or quarterly reports would simply appear.
We aim to make BK1 as invisible to you as possible. When we are done, the software will be so beautiful to look at and elegant to use that you hardly know it's there.
To prepare your monthly, quarterly or annual accounts , you drag & drop PDF bank statements into BK1. The transactions are read from the statements using our advanced optical character recognition software and saved to BK1 on your computer.
As data is read from your PDF bank statements to BK1, the transaction descriptions are matched against our extensive database and assigned to chart of account categories. This means takes about three mouse clicks to convert a PDF bank statement into a profit & loss, cash flow or BAS report for your business.
Top questions about BK1
Q. What will BK1 cost?
The BK1 software will be free to download and use. You will be able to setup accounts, enter transactions, prepare invoices, import bank data and prepare business reports, all for free.
Invoices and reports generated by FreeBK1 will have a small message from us saying you are using the free version.
Purchasing the premium version of BK1 will allow you to remove our message and customize your invoices and reports. The price of BK1 premium has not been established yet.
There will be a small monthly charge for using our PDF conversion and transaction matching service ($5 - $10 per month)
Read more >>