Ambrook is a financial management platform tailored to complex, multi-enterprise or multi-entity businesses like agriculture. The software makes it easy for operators to maintain their books by integrating recordkeeping into daily workflows, which keeps the data clean and organized for business analysis and tax preparation. Our goal is to make it easy for operators and bookkeepers to stay on top of recordkeeping to produce both accurate and useful financial records. By providing a tool that is accessible to operators and is built for collaboration, bookkeepers can spend less time requesting documents from their clients and more time helping them gain deeper insight into their operations.
We created this guide to help you navigate Ambrook, and you can reach out to our team at any time at support@ambrook.com
Ambrook Basics
Ambrook is a cloud-based software that is available on both web and mobile. Similar to Quickbooks and other online software, Ambrook allows users to connect their bank accounts to bring in transactions. These transactions can then be tagged with categories (income or expense) or tagged to balance sheet accounts (assets, liabilities, or equities). In addition to recordkeeping, Ambrook also allows users to pay bills, receive payments from invoices, and manage team spend through cards connected to a business cash account. These financial tools take care of categorizing, matching, and clearing while users go through payment workflows.
To begin bookkeeping on Ambrook, there are a few steps that operators need to take:
Connect their bank accounts and credit cards. Any business-related cards or accounts should be connected.
Invite team members. The owner will invite you or other members of the team to access parts of the product relevant to them.
Apply for the Ambrook Wallet. The Wallet is a business cash account that allows users to take advantage of bill pay, invoice payments, and card features.
Set up categories, enterprises and funding tags. You can work with your client to define a system that tracks the things that are important to your client's business, or they may have an idea of what they want to track. We collaborate with most customers and their bookkeepers to set up a system that answers the question they care most about for their business while taking care of tax reporting under the hood. More guidance on setting up these tags is below.
Import data from other systems. Ambrook can ingest customers lists, item lists, balance sheets, and a chart of accounts into Ambrook from existing systems.
Download the mobile app. The mobile version of Ambrook enables remote check deposit, receipt capture, and bookkeeping on the go.
You can work with your client to complete these steps, or they may have been able to complete many of these steps on their own.
How Ambrook is Different
Ambrook was built around the needs of agriculture and industries that are underserved by existing recordkeeping platforms. Our customers choose Ambrook for a few reasons:
It's simple yet comprehensive. We've built all the tools to be powerful enough for bookkeepers to keep highly accurate books while making it easy for operators to navigate. This means less back-and-forth to get data from your customers, and more time spent on getting value out of the data you put in.
It's built for complex businesses. QuickBooks Online is incompatible with ag tax forms, and we've heard from customers that it's hard to track the categories they care about while also keeping track of taxes and managing multiple enterprises. We let users personalize their setup with input from our team to capture income and expenses and enterprise analysis while making sure that tax prep is happening in the background.
It makes insights accessible. Customers find it tough to get the data they need to make business decisions out of other platforms. Without getting the insights they're looking for, it's hard to feel motivated to keep up with data entry. At Ambrook, we focus on giving business insights while preparing for tax season at the same time.
Ambrook also includes a few unique features:
A US-based customer service team with industry-specific expertise
Chart of accounts consulting upfront to help set up customers' system for success
Tracking for Schedule F and C
USDA funding program tracking
Native bill pay and mailed checks
Built-in enterprise accounting
Team cards for expense management
Multi-entity in a single system
Engaging with Ambrook
We've created a robust library of resources to help you get started in Ambrook. You can start with our guide to setting up tags in Ambrook to help you orient.
At Ambrook, our mission is to simplify financial management for both operators and bookkeepers in complex, multi-entity businesses like agriculture. We deeply value the support and feedback from financial professionals, as it helps us enhance our software to better meet your needs. Bookkeepers play a critical role in businesses’ financial management, and we are committed to ensuring that your workflows are seamless. If you have any feedback or need assistance, please contact us at support@ambrook.com. Thank you for partnering with us and we look forward to hearing from you.