All you need to add businesses is a PayPie account and admin access to your client’s QuickBooks Online account. Pricing is determined by the number of businesses you add. As an accounting partner, you may add up to two businesses before upgrading to a paid level of access.
If a business would like to use PayPie on their own, simply help them to create their own PayPie account and connect their businesses. Just be sure that you’re both using the most up-to-date report when reviewing the results.
Once a business is connected to PayPie, our application scours the accounting data in the QBO account — sorting it into variables and indicators, then grouping these attributes into buckets for risk assessment and cash flow forecasting.
The risk assessment algorithm is based on hundreds of transactional and business attributes divided into six main categories and further split into multiple sub-categories. Here are a few examples of the transactional attributes PayPie assesses to determine risk:
Helping businesses understand cash flow is one of the most valuable services you can provide. Our cash flow forecast and analytics turns cash flow data into interactive charts and graphs that highlight how key factors come into play.
Project cash flow on a monthly and daily basis, while pinpointing the effects and key components of accounts receivable and payable on inflows and outflows. Once a business is connected, PayPie downloads updated information each day for near-real-time reporting.
Only 39% of small to medium-sized enterprises (SMEs) feel that they’re knowledgeable about business accounting and finance. This isn’t because they choose not to be, it’s because they’re learning as they go while running a business.
Our cash flow and risk assessment give small businesses the insights they need to anticipate funding needs and improve their creditworthiness. With PayPie, making data-based decisions to plan for and sustain growth is easier than ever.