The ultimate business improvement resource for accountants
Every cloud should have a Panalitix lining. We guess you’re a fantastic accountant, but you might need some help with offering more to your clients beyond compliance. Or you want to get more clients and train and inspire your team. You know you need to do something but you don’t have the time, processes or resources to make it happen.
Over the last 10 years, Panalitix co-founders Colin Dunn and Rob Nixon have helped thousands of accountants improve their firm’s position across profit, capacity, and growth. Built on a foundation of coaching, content and technology, Panalitix is the ultimate membership community for accountants with access to a library of the best content, resources, courses, client monitoring, and marketing automation tools. With Panalitix, you can improve your firm, train your team and get more clients, anywhere, anytime.
Panalitix + Xero gives you:
Time savings. Use Panalitix to run an annual business performance review with your clients. It can be created instantly once Panalitix is connected to your client’s Xero file
Elimination of double handling. Each month, a report can be generated to your clients, taking the core data out of Xero and using it to create a unique dashboard for your clients. The data eliminates the need to enter data manually.
Access to real-time data on your clients. As a result of the daily automatic sync with Xero, you can view the up-to-date position on your clients’ KPIs on one dashboard anytime you like.
Other benefits, such as enabling you to: improve client service; keep an eye on clients with real-time monitoring; spot opportunities for new services; train your team in business advisory, move clients to the cloud; get more business advisory work with top clients; retain and lock in clients; converse about the future rather than the past; develop your firm’s workflow, people, cashflow, marketing, sales and business advisory services; view and monitor the performance of every client on one simple page
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Who is it for?
Panalitix is used by accountants and bookkeepers. The most common type of user is an accountant in public practice, wanting to add value to their compliance relationships and move into business advisory services. It’s ideal for partners, client managers, accountants, business managers, and marketing teams.
How does it work with Xero?
During the client set-up process, Panalitix syncs with your client’s Xero file and consolidates up to three years’ past data to create a business performance review. On each subsequent day, a sync is performed to update the client’s actual data. The information synced is line by line from the chart of accounts and is then summarised based on mapping criteria, which are built into the product and which the accountant can customise. If targets have been set for the client, the accountant can view actual versus target performance in a dashboard format at any time. A range of reports can then be created for the client, summarising their position. Business improvement content is then enabled by the numbers – for example, if receivables are a problem, the client is presented with a video and some tips on how to improve receivables.
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How do you sync it with Xero?
The sync process is simple for the accountant to complete.
- During client setup, you’re prompted to connect the file to the client’s cloud accounting solution.
- Select Xero and enter your Xero login credentials.
- Select the client. The client’s chart of accounts is then presented in Panalitix with recommended mapping for each account. (Feedback tells us the mapping is accurate 90%+ of the time.)
- Adjust the mapping during a cursory review if required.
- Confirm that the integration is complete. Immediately, up to three years’ past data is then synced from Xero to Panalitix to provide the starting point, a business performance review.
How much does it cost?
All plans include unlimited users and access to tools that make improving your business stress-free. You choose the plan that works for your firm. Pricing is flexible so you can get and pay for exactly what you need, depending on where your firm is and wants to go. You can pay as you grow, your subscription can be scaled up or down at any time. No contracts.
Is there a free trial?
Panalitix offers a free 60-minute online meeting so you can get an understanding of how it integrates with the online training content, the Learning HUB before you become a member.
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What countries does it operate in?
Panalitix operates globally with ten of thousands of users around the world.
What support does it offer?
Panalitix has a team of dedicated member success managers to help members get up and running and provide ongoing proactive and reactive support. They also run monthly implementation webinars for members and provide online e-learning and accountability sessions via their LearningHUB.