Picture of Bruce Gosk

Bruce Gosk

monday.com Implementation Consultant

Estimated reading time

6 minutes

Topics Covered

monday.com | Master Board | Accounting for monday.com | Data Consolidation | Client Reporting | Workflow Automation

Keywords

Master Data | monday.com | client board | master board | dashboard limitations | cross-board sync | consolidating data | Master Board | cross-board | High-level board monday.com | monday.com dashboard limits | monday.com for accountants | Bookkeeping

Relevant For

Accounting firms | Financial Services Providers | Bookkeepers | Corporate

Table of Contents

Consolidate Accounting Reports on monday.com with Master Data

Are you an accounting firm working out of monday.com? Do you prepare and manage multiple accounting reports for a number of clients? Then you know there is simply no room for incomplete reports or missed deadlines! This is where Master Data in monday.com steps in. It gives your accounting firm oversight over multiple monday.com client boards by consolidating every piece of data into one, centralised Master Board.

Individual Client Boards for Project Management

Accounting firms can maintain separate project boards for each client to ensure that every deliverable is logged and tracked properly. This is how you can set up your client boards:

  • Each monday.com board is named after the client, making it easy to distinguish between different accounts.
  • Boards are structured with multiple groups for various types of reports such as Installment Activity Statements (IAS), Business Activity Statements (BAS), Single Touch Payroll (STP), Income Tax Returns (ITR), and other key deliverables.
  • Accountants log every report prepared for the client within their respective project boards.

This setup is already good by keeping client information organised. But it can create silos in the long run, when what we want is to gain an overall view of ongoing work!

Consolidating Reports with a Master Board

Master Data makes it simple to sync all data from individual monday.com client boards to a centralised Master Board with its cross-board sync functionalities. You can see the sync in action under the Board Name and Group Name columns as it gets data directly from your client boards!

Key Features

  • With our dedicated automation recipes, cross-board synchronisation happens ensuring that information flows from the client boards to the Master Board.
  • Because all items are synced, including changes in column value, the Master Board reflects the most current information.
  • If you use a formula column, you can further generate a unique identifier by joining the Board Name (Client) and Group Name (Report Type). With this identifier, you can use the “Group by” feature in monday.com to give you a comprehensive view of all the reports you prepare for each client.

Love what you see? Start a free trial of Master Data by clicking here and following our installation guide here!

With this structure, you can now have complete visibility over all client projects. Master Data helps you track progress and spot bottlenecks in managing client work.

Gain Insights with a Dashboard from your Master Board

With your Master Board now set up, you can easily generate dashboards that provide actionable insights through its cross-board sync functionalities.

Here are the benefits:

  • You can easily track the status of every deliverable through visual reports, from the status of BAS submissions to final ITR filings.
  • You can monitor reporting trends, deadlines, and project performance.
  • You can further customize reports based on your synced items from the Master Board.

By consolidating data from multiple monday.com client boards, accounting firms can easily make data-driven decisions and ensure that all deadlines are met.

One of the key advantages of maintaining individual client boards is the ability to make them shareable boards, which you can share directly with clients.

How to set this up:

  • Change the monday.com board type from private to shareable to get a secure link.
  • With the link to the client’s shareable board, they can have real-time visibility into their project progress.
  • Clients can view the status of their reports and add additional requests as needed in this shareable board.

A shareable board allows you to have a transparent approach with clients that strengthens better communication and relationships!

No Dashboard Limitations with Master Data

Monday.com’s dashboard limits can pose challenges for firms with a growing client base if you’re using multiple boards already! With Master Data, you don’t have to worry about dashboard limits.

You can connect as many client boards as needed to the Master Board without facing monday.com dashboard limits.

Because data is already consolidated, building advanced reporting dashboards directly from the Master Board is easy because of Master Data’s cross-board synchronization functionality.

Conclusion

Master Data on monday.com can transform how accounting firms manage client projects and reports. By consolidating data into a centralised Master Board, you can gain (1) better visibility, (2) a streamlined workflow, and (3) a collaborative approach with your clients!

This is why your accounting firm will love Master Data:

  • Efficiency: Automate data consolidation and reduce manual tracking from multiple client boards.
  • Visibility: Get a comprehensive overview of all client projects and report statuses in your Master Board.
  • Scalability: Connect as many client boards as you want to the Master Board over time.
  • Collaboration: Share client boards for transparent communication.

Ready to simplify your accounting project management? Master Data on monday.com offers the tools you need to optimise workflows and deliver better service.

📅 Book a demo today to see how Master Data can help your business.

Explore other Master Data
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excl. GST

Fresh

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excl. GST

Minted

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excl. GST

About Us

Mint Consulting Australia Pty Ltd (ABN: 13 629 524 572) is a Sydney-based CRM and Salesforce Managed Services consultancy specializing in implementations, integrations, and business strategy, supported by a skilled local team of consultants, solution architects, and developers.