Amaka: deep accounting integration software

Jul 20, 2023

Manual data entry and reconciliation into accounting systems

Small businesses struggle with manually inserting and reconciling sales and payments transactions daily into their accounting systems.

Manual entry is not only time-consuming but also fraught with mistakes. Small businesses deal with different sales and payment amounts, must factor in platform or processing fees from their software or point-of-sales provider, and be aware of sales taxes, which put SMBs at risk of compliance and tax issues. This becomes especially difficult for small businesses that must reconcile transactions from multiple stores and/or multiple sales channels.

Streamline sales and payment reconciliations into accounting systems

Amaka syncs sales and payment transactions into small businesses’ accounting systems in minutes, automating their accounting workflow and freeing up time.

Amaka groups and categorises transactions across multiple locations to keep small businesses' books up-to-date. It also maps each transaction to the right accounts, removing hours of manual data entry and ensuring accuracy.

All of this allows for an easier, lightning-fast reconciliation process, which is loved by merchants. Amaka has received glowing reviews across Xero marketplace (900+ five star reviews) and Capterra (4.8/5 stars).

Power accounting integrations for B2B software products

Amaka also delivers managed accounting integrations for B2B software companies to connect data from their software to their customers’ accounting systems. These integrations are often requested by their customers, who tend to be small businesses; however, B2B software companies struggle to prioritise such features in their product roadmap. B2B software companies often lack the necessary expertise for complex accounting integrations and find it hard to put together a business case to allocate valuable engineering and customer support resources to such initiatives.

Amaka helps these B2B software companies to extend the functionality and usefulness of its product for their small business customers by unlocking an array of accounting integrations that complement their core software product. Amaka provides not only the technical expertise but also the relevant documentation and support assets to help B2B software customers onboard and support their small business customers. This boosts customer acquisition and retention for B2B software companies, without the need to drain internal resources to develop and maintain accounting integrations.

Integration layer for all small business software to accounting systems

The goal is for Amaka to manage as many integrations for its small business customers, with the vision of becoming the Zapier for accounting. Accounting data is the source of truth for any business — and Amaka can be the integration provider that can connect your eCommerce software, and your Point-of-Sales software, and your e-Signature platform and more — all back to your accounting system.

By connecting the long tail of niche, domain-specific (yet mission critical) B2B tools to accounting systems, Amaka can provide deeper value for customers within key sectors in ways that others cannot.

Read the announcement article.

Jelix acknowledges the Gadigal people of the Eora Nation as the Traditional Custodians of the Country we work and live on, and recognise their continuing connection to the land and waters. We pay our respects to Elders past, present, and emerging, and extend that respect to all First Nations people.

© 2023 Jelix Ventures.

Jelix Ventures Management Company Pty Ltd (ABN 60 613 582 773) is a Corporate Authorised Representative (No. 001281193) of Shell Cove Capital Management Ltd (ACN 107 290 335) Australian Financial Licence No 247143. Any advice provided by Jelix is without taking account of your objectives, financial situation and needs. Jelix is authorised to provide financial services to wholesale or sophisticated investors only. Potential investors should do their own due diligence and make their own investment decisions, consulting with licensed legal professionals and investment advisors for legal, tax, insurance, or investment advice. Jelix Ventures Management Company Pty Ltd (CAR of AFS Licence No 247143) and related entities and each of their respective directors, officers and agents ("Jelix") believe that the information contained in this page and its attachments have been obtained from reliable sources and that any estimates, opinions, conclusions or recommendations are reasonably held at the time of compilation. No warranty is made as to the accuracy of the information in this page and, to the maximum extent permitted by law, Jelix disclaims all liability for any loss or damage which may be suffered by any recipient through relying on anything contained or omitted from this page. Jelix does not warrant the attached files are free from computer viruses or other defects and is provided on the basis that the user assumes all responsibility for any loss, damage or consequence resulting from use.

Jelix acknowledges the Gadigal people of the Eora Nation as the Traditional Custodians of the Country we work and live on, and recognise their continuing connection to the land and waters. We pay our respects to Elders past, present, and emerging, and extend that respect to all First Nations people.

© 2023 Jelix Ventures.

Jelix Ventures Management Company Pty Ltd (ABN 60 613 582 773) is a Corporate Authorised Representative (No. 001281193) of Shell Cove Capital Management Ltd (ACN 107 290 335) Australian Financial Licence No 247143. Any advice provided by Jelix is without taking account of your objectives, financial situation and needs. Jelix is authorised to provide financial services to wholesale or sophisticated investors only. Potential investors should do their own due diligence and make their own investment decisions, consulting with licensed legal professionals and investment advisors for legal, tax, insurance, or investment advice. Jelix Ventures Management Company Pty Ltd (CAR of AFS Licence No 247143) and related entities and each of their respective directors, officers and agents ("Jelix") believe that the information contained in this page and its attachments have been obtained from reliable sources and that any estimates, opinions, conclusions or recommendations are reasonably held at the time of compilation. No warranty is made as to the accuracy of the information in this page and, to the maximum extent permitted by law, Jelix disclaims all liability for any loss or damage which may be suffered by any recipient through relying on anything contained or omitted from this page. Jelix does not warrant the attached files are free from computer viruses or other defects and is provided on the basis that the user assumes all responsibility for any loss, damage or consequence resulting from use.

Jelix acknowledges the Gadigal people of the Eora Nation as the Traditional Custodians of the Country we work and live on, and recognise their continuing connection to the land and waters. We pay our respects to Elders past, present, and emerging, and extend that respect to all First Nations people.

© 2023 Jelix Ventures.

Jelix Ventures Management Company Pty Ltd (ABN 60 613 582 773) is a Corporate Authorised Representative (No. 001281193) of Shell Cove Capital Management Ltd (ACN 107 290 335) Australian Financial Licence No 247143. Any advice provided by Jelix is without taking account of your objectives, financial situation and needs. Jelix is authorised to provide financial services to wholesale or sophisticated investors only. Potential investors should do their own due diligence and make their own investment decisions, consulting with licensed legal professionals and investment advisors for legal, tax, insurance, or investment advice. Jelix Ventures Management Company Pty Ltd (CAR of AFS Licence No 247143) and related entities and each of their respective directors, officers and agents ("Jelix") believe that the information contained in this page and its attachments have been obtained from reliable sources and that any estimates, opinions, conclusions or recommendations are reasonably held at the time of compilation. No warranty is made as to the accuracy of the information in this page and, to the maximum extent permitted by law, Jelix disclaims all liability for any loss or damage which may be suffered by any recipient through relying on anything contained or omitted from this page. Jelix does not warrant the attached files are free from computer viruses or other defects and is provided on the basis that the user assumes all responsibility for any loss, damage or consequence resulting from use.