Financial Error Detection Service – Make your business finances error-free with Intuit

Data entry forms the most fundamental step in managing one’s personal or business finances. Any errors in this step would percolate through the entire process creating a chain reaction that requires significant effort to undo. For example, data entry with no verification steps has an error rate as high as 4 per cent. Once entered, the error rate for data, without any further verification, is 400 per 10K entries—a huge number affecting even small datasets.  Another instance includes paying all your employees a wrong salary, having multiple to and fro with your bank to revert the error, or dispatching a wrong amount of items and then having to recall shipments. The consequences are dire.  This is where Intuit’s FEDS (financial error detection service) comes to the rescu