On Tresle, you can now automatically sync your financial data with ‘one-click’. Many small-to-medium size business owners use accounting software to track how much money they are generating, where it’s coming from, and where it’s going. When it comes to accounting software, the first name that comes to mind for many is: QuickBooks (QB).
By the end of 2020, an estimated 78% of small businesses will rely on some form of cloud accounting software. Of this total, the QB product is by far the most popular with an approximate 74% market share.
When creating a listing on Tresle, sellers will be able to sync their up-to-date financial information directly from their QB account to their Tresle listing with ‘one-click’. When you integrate QB with Tresle, your revenue, gross profit, expenses, and net income are automatically updated and accurately displayed on your listing.
How to Set It Up?
Sellers on Tresle that use QB can now connect their financial data through ‘one-click’ integration. Here’s how:
- Sign in to your Tresle account.
- Click ‘SELL’ on the top banner.
- Begin creating your listing. If you already have a listing live or as a draft, you can 'Edit' your current listing.
- On the ‘Financials’ step, click ‘QB Connect’ button.
- From there, you will be prompted to login to your QB account.
- Voila! Your financial data will confidentially auto-populate to your Tresle listing.
For more information on Tresle-QB integrations, please visit our Help Center.
Why Is This Important?
Simply put, reliable financial information is the single most important point when considering a business acquisition. We know that businesses with verifiable information drive trust- and therefore, sell faster.
Think of it like buying a home- as a buyer, you would never finalize the deal without conducting an inspection, performing a title search, and analyzing the costs associated with ownership (among other things). Similarly, when buying a business- viewing a company’s financial data is essential to making the decision to purchase.
The Tresle-QB integration benefits both sides of the transaction. For sellers, Tresle is making it easier and faster to confidentially provide key financial information, to list, and ultimately, to sell. For buyers, Tresle is enhancing the transparency and accessibility of information to assess a company’s performance prior to formally engaging with the seller.