Compare the Top AI Accounting Software in 2025
AI accounting software is a type of software that uses artificial intelligence to help manage, analyze, and organize financial information. It automates tedious tasks associated with record-keeping such as data entry, reconciliation and reporting. By leveraging complex technology, AI accounting software enables users to quickly identify discrepancies and trends in their finances. This can be helpful for businesses of all sizes who want to stay organized and have access to real-time financial data. AI accounting software also eliminates potential errors associated with manual bookkeeping processes by performing automated checks on transactions before they are completed. The user-friendly interface of this type of software makes it an efficient tool for even people with no financial background. Overall AI accounting software is a powerful tool that can revolutionize the way businesses manage money while helping them save time and resources. Here's a list of the best AI accounting software:
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1
AvidXchange
AvidXchange
AvidXchange modernizes how middle market businesses manage expenses and payments with AI-enhanced software and support from real people. With 25 years of experience, our solutions automate manual tasks, reduce costs, and streamline your AP process, so you can focus on what matters most. Featuring one of the largest supplier networks in the middle market, AvidXchange offers in-depth industry expertise across real estate, community association management, healthcare, hospitality, education, hospitality, and nonprofits, as well as construction, financial services, and media through the acquisition of Core Associates, BankTEL, and FastPay. Why AvidXchange? - Trusted by 8,000+ businesses to digitize and automate AP workflows - 1.2 million suppliers paid through the AvidPay Network in the last five years - 240+ accounting system and ERP integrations Increase efficiency, visibility, and control in your AP process. Learn more at avidxchange.com -
2
Xero
Xero
Xero's cloud-based accounting software makes it easy to tap into AI features like Xero Analytics, bank reconciliation, accounts payable and more to begin delivering on the promise of AI for your clients.Starting Price: $20/month -
3
Soraban
Soraban
Soraban is the tool to get more 1040s out the door and so much more. An Intelligent Tax Workflow Solution built specifically for accounting and tax firms, designed to automate client data intake, document collection, and workflow coordination. Stop chasing clients for documents and let Soraban handle it with dynamic, customizable questionnaires that auto-remind clients via SMS, email, or voicemail. Integrated with legacy tax software, Soraban automatically enters data, applies e-signatures for IRS forms, and coordinates tax return delivery with minimal human intervention. Handling repetitive administrative duties frees professionals to focus on advisory work while improving efficiency, reducing errors, and enhancing the client experience through mobile-friendly, seamless interactions.Starting Price: $20/return -
4
QuickBooks Online
Intuit
QuickBooks Online is the most popular accounting software in the world. QuickBooks Online makes accounting easy. Make tracking receipts, income, bank transactions, and more feel simple with the #1 small business accounting software. Snap photos of your receipts and link them to expenses right from your phone. Our agents are ready and available to answer all your QuickBooks questions. Use the apps you know and love to keep your business running smoothly. QuickBooks Online works on your PC, Mac, tablets, and phones. Click the link above to get a 30 day free trial and 50% off your first 3 months. More than accounting software. QuickBooks helps you track income, expenses, and stay ready for taxes. Customers find on average $3,534 in tax savings per year. Need more help? QuickBooks Live helps you stay organized and be ready for tax time. QuickBooks comes with a mobile app that help you run your business on the go—anytime, anywhere.Starting Price: $9/month (normally $15/month) -
5
Sage Intacct
Sage Intacct
Sage Intacct is a premier cloud-based financial management software designed for growing businesses. It offers comprehensive features including core financials, accounts payable and receivable, cash management, and multi-entity consolidations. Sage Intacct's advanced modules cater to complex financial needs, ensuring scalability as your business grows. The software integrates seamlessly with other business applications, providing real-time financial and operational insights. Its user-friendly interface and customizable dashboards empower your team to adapt quickly and make data-driven decisions. Sage Intacct's robust reporting capabilities and automation of key financial processes help improve accuracy, efficiency, and compliance. Trusted by thousands of organizations, Sage Intacct streamlines financial operations, enhances visibility, and drives business growth. With award-winning customer support and continuous innovation, Sage Intacct is your partner. -
6
Bookeeping.ai
Bookeeping.ai
Bookeeping.ai uses AI to complete financial tasks for you. TaxChat reads tax websites like the IRS and HMRC, so you get fast answers to your taxes. Slash bookkeeping time & cost by 87.5%. Uncover hidden tax savings and get real-time AI financial & business advice. Bookeeping.ai is pioneering text-to-action AI agents that automate sales, marketing, and finance tasks for small businesses. Founded by a Canadian entrepreneur and supported by a global team, Bookeeping.ai has earned multiple innovation awards for its groundbreaking products. Instantly create a new sheet with AI and start editing. Use chat messages to complete financial tasks. Auto-import transactions from your CSV or bank account. Fill out tax forms at the click of a button. Auto-scan emails and use a mobile app. Create & chat with your documents. -
7
Fiskl
Fiskl
Using multiple applications to manage your business? Fiskl covers everything you need to easily manage your daily finances. From product catalog, time tracking, mileage tracking, team, task management, and much more. See how you and your team can use Fiskl to manage your day-to-day business. Fiskl supports over 135 currencies for mobile and online payments worldwide. From automated bank sync to auto-categorization of transactions, Fiskl gives you the full view of your finances. Simplified accounting, built for the business owner, with ready-made chart of accounts and instant financial reports. Fiskl automates accounting so you can focus on your cash flow and growing your business. Add your team to Fiskl to easily manage your business, from issuing quotes and invoices to tracking expenses and time spent on clients. Customers in 120 countries trust us with their business finances. -
8
AccountsIQ
AccountsIQ
AccountsIQ cloud accounting software simplifies the capture, process and reporting of financial data across multiple locations. Put simply we transform finance functions by enabling CFOs, Finance Directors and Financial Controllers to: - Get a holistic view of their organisation and subsidiaries - Access real-time, powerful reports and KPIs - Get superb analytics through our multi-level coding capability - Automate consolidation - Work more effectively and flexibly with our collaboration tools and apps - Gain efficiencies through integration of key business systems. Our financial management software was awarded Mid-Market and Enterprise Accounting Software of the Year 2019 and 2018 and we were a finalist in 2020.Starting Price: £199 -
9
Docyt
Docyt
Experience AI bookkeeping with Docyt, saving 3,000 hours and $2,000 annually on average. Our AI automation software offers real-time insights into expenses and profitability, eliminating manual data entry and tedious tasks. Docyt learns your business intricacies, automating back-office and bookkeeping duties. It handles time-consuming tasks. Gain instant financial status visibility through real-time reports, ensuring constant financial control. Generate consolidated roll-up and individual financial statements for all business locations effortlessly, aiding in strategic decision-making. Embrace the revolution of AI bookkeeping with Docyt, saving time and gaining real-time insights to boost your business success. Use Docyt on top of your existing Quickboooks Online or Desktop solution to manage expenses, corporate credit cards and real time revenue reconciliation for one or many locations. We integrate with all major POS and PMS systems and provide industry specific reporting.Starting Price: $50 per month -
10
Gridlex Sky
Gridlex
Gridlex uses groundbreaking AI accounting software to maintain journals, accounting statements, GST, and TDS reports and show insights to increase profits and revenue, decrease costs, optimize inventory, monitor employee payroll, and other factors. Gridlex is a growing software firm whose purpose is to increase the world’s productivity through technology. It was founded in 2011. We have global operations across the US and India. Our software and analytics are recognized for their innovative features and customer success. Gridlex is one of the first companies that has tackled the challenges of software integration. Gridlex’s one integrated app suite to manage customers, finances, and employees links every facet of total business requirements. Gridlex provides CRM, customer service help desk, accounting, expenses & ERP, and HR software, that is customized for your sector to make you succeed.Starting Price: $10 per month -
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Booke AI
Booke AI
Experience increased efficiency, reduced stress, and effortless resolution of uncategorized transactions and coding errors with Booke's AI-powered automation. Effortlessly find and fix errors in your bookkeeping with our advanced error detection technology. Streamline your collaboration with clients and get faster responses with our user-friendly portal. Spend less time on manual transactions. Booke becomes more accurate and reliable the more you use it. Keep your clients happy and your business running smoothly with our efficient communication tools.Starting Price: $5 per month -
12
Asseta
Asseta.ai
Asseta is a comprehensive, AI-powered platform designed to streamline the financial operations of family offices, enabling them to manage wealth and accounting with efficiency and clarity. It provides robust tools for tracking investments, cash flow, multi-currency transactions, and complex ownership structures, offering real-time insights and customizable reports. With its seamless integration capabilities, Asseta allows users to consolidate data from multiple sources like QuickBooks, Bill, and Ramp into one centralized system. The platform also supports automation of routine financial tasks such as allocations, bill payments, and month-end close processes. Tailored for scalability, Asseta helps family offices streamline their financial operations and enhance visibility across entities and currencies globally.Starting Price: $32 per month -
13
Accountail
Nunuworks
Accountail is the smartest AI-powered software designed for accountants and auditors, to help create detailed accounting reports and analyses from in-house or client business data. By leveraging the capabilities of Accountail, users can craft an array of specialized reports such as financial analysis, performance analysis, and analytical reviews, to name a few. How it works: upload the necessary documents in any of the supported file formats, and Accountail uses its AI to craft thorough accounting and audit narratives. The platform's advanced AI analyzes the data and compiles it into an assortment of insightful reports that help with decision-making and compliance. Enhanced Features of Accountail Intuitive file upload process with a wide range of accepted formats for ease of use. Automated generation of complex reports that would otherwise be time-consuming to produce manually. Ability to handle a multitude of report types, including but not limited to cash flow analyses, etc.Starting Price: $100 -
14
fileAI
fileAI
The most powerful digitization and categorization tool on the market, processing a wide range of digital, scanned or printed document types, submit documents in any file type and form. With hundreds of available integrations, you stay hands-off on data entry, manual verification or account code tagging. A tool to manage import and export at the same time, stay in control with automatic approvals and notifications. Trigger approvals based on events at your convenience. Send approvals to team members, clients, or stakeholders at once. Remove friction with multi-layered approvals and your most convenient format: email, mobile app or in app. Get a real-time view of your finances every time you check your preferred tools and eliminate human error from your reporting.Starting Price: $99 per month -
15
Tyms
Tyms
Tyms is an AI-powered accounting platform designed to simplify complex financial tasks for businesses. With its automation-first approach, Tyms helps companies streamline processes like bank reconciliation, revenue management, prepayments, and inventory valuation. The platform features AI-driven agents that categorize transactions, generate financial statements, and automate tax-related tasks, significantly reducing manual work and errors. Tyms also provides real-time financial insights, KPIs, and a customizable dashboard, making it an ideal tool for businesses looking to improve operational efficiency and stay audit-ready.Starting Price: $120/month -
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Suvit
Suvit
Suvit is an AI-driven accounting automation software designed to streamline financial tasks for accountants, tax consultants, and corporate service providers. It automates data entry, document management, and GST reconciliation, reducing the manual effort required for accounting processes. With real-time analytics and reporting, users can access a complete overview of their financial data, track KPIs, and stay on top of deadlines. Suvit's centralized system ensures that all client documents and financial information are securely stored and easily accessible. By automating repetitive tasks, Suvit enables professionals to focus on value-added activities and improve overall productivity.Starting Price: ₹8,999/year -
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Samey
Samey
Samey AI is an AI-powered work assistant designed to streamline operations for legal, finance, and accounting teams by integrating seamlessly with existing tools and data sources. It offers an enterprise-grade search engine that allows users to instantly locate documents, emails, and files across platforms, centralizing information for quick and efficient access. With one-click, no-code integrations, Samey AI connects various applications, eliminating the need for APIs or coding. Its Workflow Agents enable scheduling and automation of recurring tasks, daily, weekly, monthly, or yearly, allowing teams to focus on high-priority projects. Samey AI ensures data security by storing information on users' systems, not on external servers, and supports integration with various tools.Starting Price: $26.88 per month -
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FloQast
FloQast
FloQast is an AI-powered accounting platform designed to optimize and automate the financial close process for businesses. It helps accounting teams reduce the time spent on reconciliations, audits, and financial reporting by providing real-time tracking, collaboration tools, and AI-driven transaction matching. The platform is built to integrate seamlessly with existing systems, enabling accounting professionals to focus on higher-level strategic tasks rather than routine data preparation. FloQast's AI agents elevate accountants from preparers to reviewers, streamlining the workflow and ensuring more accurate, timely financial results. -
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Digits
Digits
AI-native accounting software — that does it for you! Trusted by thousands of startups, small businesses, and accounting firms. Digits is the first comprehensive end-to-end accounting platform designed for the AI era. Our cutting-edge Autonomous General Ledger (AGL) handles the tedious financial tasks, freeing you to concentrate on what truly matters: expanding your business. With training on over $825 billion in transactions, Digits delivers instant understanding and accurate categorization of your financial data. Financials provide real-time insights into your revenue, burn rate, cash flow, and other crucial trends, ensuring you stay informed and agile. Additionally, our integrated Invoicing and Bill Pay features keep all your financial operations seamlessly synchronized without the need for manual reconciliation or cumbersome integrations. Experience the future of accounting—try Digits for free today 👉Starting Price: $100/month -
20
Puzzle
Puzzle Financial
Move beyond QuickBooks to our modern general ledger built with efficiency and data accuracy in mind. Designed to help you save time and money, and make better financial decisions. The only accounting software that grows and scales with your business. Whether you’re leading a team, preparing for taxes, or raising that next round of capital, Puzzle keeps you prepared and compliant. Puzzle replaces the need to figure it out yourself with Quickbooks or hire an expensive expert. Setup is intuitive, no prior accounting knowledge is required. Get automatically generated reconciliations for your review. Get automatically generated financial statements and insights. A single solution across your accounting needs, and more.Starting Price: $1,000 per year -
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COUNT
COUNT
COUNT is an AI-driven accounting software that simplifies accounting for business owners and entrepreneurs by using plain English prompts and the automation of routine tasks. It's designed to make accounting intuitive, enabling users to manage their finances without needing extensive training or expensive professionals. Unlike traditional accounting software that can be full of complex jargon and require specialized knowledge, COUNT uses AI to handle tasks like vendor assignment, duplicate detection, and fraud alerts with high accuracy and generates answers to user-prompted questions. It analyzes finances to predict future expenses, warns of potential cash flow issues, and identifies areas for cost savings. These actionable insights empower business owners to make informed decisions so their businesses can thrive. COUNT leverages detailed business information to tailor its processes and ML models.Starting Price: $29.99/month -
22
cc:Monet
PlatoX.Ai
Transform your bookkeeping with AI and unlock unmatched efficiency! AI Finance Assistant cc:Monet saves 95% of your manual input time, streamlines your invoices and employee claims, and gains actionable insights to make smarter business decisions. Handle everything seamlessly from precise invoice scanning, smart categorization, employee claim submission, approval workflow, and sending to accounting software.Starting Price: $24.99 -
23
Kaunt
Kaunt
Elevate your invoice automation offering with embedded AI invoice coding and categorization. API-based, white-labeled, and live within weeks. Your customers expect AI. Unlock a competitive advantage with unbeatable time-to-market, reduce risk, and satisfy your customers. Integrate the next generation of automation into your finance software with Kaunt. Kaunt’s API-based solution seamlessly embeds within your existing software, enabling you to deliver best-in-class AI directly through your current UI. Automate non-PO invoice handling with AI-based account coding. Our AI identifies GL accounts and any number of customer-defined dimensions on the line level and generates the final posting texts. Help your customers become more efficient and reduce errors by providing real-time identification of GL accounts and dimensions during PO creation. Let AI power your expense management offering, ensuring accurate expense category identification and a reduced workload on employees.Starting Price: €0.05 per invoice -
24
Vic.ai
Vic.ai
Vic.ai offers an autonomous finance platform that utilizes AI to streamline accounting workflows, particularly in areas such as invoice processing, purchase order matching, and approval flows. The platform's advanced AI technology enhances productivity by automating manual tasks, boosting accuracy, and reducing human intervention. With features like AI-powered B2B payments, real-time analytics, and seamless ERP system integration, Vic.ai enables businesses to optimize their accounts payable operations. The result is faster invoice processing, fewer errors, and improved decision-making capabilities. Vic.ai’s autonomous platform is designed to help businesses save time, reduce costs, and drive more efficient financial operations. -
25
Nanonets
Nanonets
Nanonets enables self-service artificial intelligence by simplifying adoption. Easily build machine learning models with minimal training data or knowledge of machine learning. At Nanonets, we serve up the most accurate models. Always. -
26
Zeni
Zeni
Unlock real-time financial insights and a full-service finance team with Zeni's intelligent bookkeeping, accounting, and CFO services. Certified Accountants & Zeni's AI deliver 100% accurate books that you and your investors can trust. Zeni offers a Finance Concierge available to you 24x7. Our best in class CFO Services include Financial Projections & Analysis, Scenario Modeling, Actuals vs Budgeting and, board meeting presentations. Zeni handles Federal, State and Local Tax returns, ongoing tax & compliance needs and, R&D Tax Credits for all seed and venture funded companies. Zeni delivers 100% accurate and timely reports for you, your team and investors. Zeni turns your accounting data into intelligent insights using AI and proactively delivers all reports every month. Zeni pays any bill quickly and easily with bank transfers, debit cards or credit cards - even if your vendors only accept checks.Starting Price: $299 per month -
27
Blue dot
Blue dot
Blue dot patented technology provides a 360° view into all employee-driven transactions, ensuring tax compliance and reducing tax vulnerabilities for consumer-style spending across the enterprise. Harness the power of AI, including deep learning and natural language processing, while leveraging external data sources and historical data to create an end-to-end story of each employee-driven transaction. Multiple data sources, and domain knowledge combined with an advanced AI engine. Identifies and calculates any eligible and qualified VAT spend based on the respective countries’ tax regulations, court decisions, any companies’ tax rulings, and specific business requirements. Detects and analyses consumer-style spending that is subject to TEB (and required wage tax payment from the company or the employee) and impacts the wage tax report. Checks, controls, and calculates consumer-style spending that is subject to CIT. -
28
Kick
Kick
Daily bookkeeping for the modern business owner. Minimize your audit risk and only pay when you save. Get your business transactions categorized in real time and reviewed by an expert for accuracy. Kick AI immediately adapts to any changes you make. Ditch the shoebox and let your receipts match themselves. Get the easy-to-miss deductions like your home office, vehicle, and travel all handled. Kick back knowing where you stand across all your accounts and entities. Get insight into what’s driving profitability with a real-time profit & loss you can trust. Share the reports you need to get taxes done. Immediately cut unnecessary business expenses. Get a high-level view across all your entities, accounts, and teams, for no added cost. Kick is self-driving bookkeeping for the modern business owner. Kick helps you minimize audit risk, and save money on your taxes to give you the financial confidence you need to build a more profitable business. -
29
AccoAI
AccoAI
Replace 8+ different software with powerful workflow management, client tracking, and automation tools. Atlas automatically updates your calendar events and generates workflow tasks from incoming client requests. Atlas Chat executes task creation and event scheduling requests while enabling instant client access. Ask Atlas anything. Organize all client data with profiles, which display recent interactions, stored documents and notes, and Atlas insights. Atlas drafts replies for all incoming emails, composes emails upon request and updates your workspace from email content. Explore productivity data and time allocations with detailed insights. Analyze your most valuable clients, hardest working employees, and personal productivity. -
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Kapittx
Kapittx
Companies need sustainable cash flow and the most efficient way is to strengthen your team to make cash available by collecting faster. Kapittx AI-powered accounts receivable management & automation software is the key to unlocking your cash. Automate AR from invoice presentation to follow-ups, collection, and reconciliation. Get your collections and customer-facing team on the same page with customers on invoice payments, disputes, or reminders. Enhance the power of your ERP and get receivable insights at the click of a button. Kapittx seamlessly integrates with the ERP you use. Using analytics track your cash flow performance and reduce your DSO. Improve operational efficiency, and reduce manual errors and potential write-offs. With integrated payments improve collection and reduce days of sales outstanding. Improve the productivity of your team with smart, efficient, and insightful AR automation. -
31
Fazeshift
Fazeshift
Fazeshift is an AI-driven accounts receivable solution that automates invoicing, cash application, and collections to improve cash flow and scale operations efficiently. The platform converts complex billing terms from sales contracts into invoices instantly, ensuring accuracy through built-in validation. It automatically matches payments, whether via ACH, wire, credit card, or check, to corresponding invoices, synchronizing seamlessly with existing accounting software for real-time updates. Fazeshift also automates collections with timely reminders and intelligent escalation workflows, promoting faster payment cycles and reducing Days Sales Outstanding (DSO). The platform provides complete accounts receivable visibility through real-time notifications and alerts, enabling businesses to stay in control of their financial processes. By eliminating manual tasks, Fazeshift empowers teams to focus on high-impact, strategic activities. -
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FirmOS
FirmOS
FirmOS is an automation platform built for accounting firms to simplify client acquisition, hiring, and operations. It reduces manual work by integrating AI-driven systems that handle repetitive tasks and improve efficiency. Designed by CPAs, FirmOS helps firms run more smoothly with less day-to-day involvement from owners. Key Features - Client Segmentation Analysis: Identify your most profitable clients using data, so you focus on the right ones. - Automated Lead Scraping: Use AI to find and update contact details for decision-makers, keeping your pipeline full. - End-to-End Sales Automations: Automate follow-ups and outreach to engage leads and close deals with minimal effort.Starting Price: $500/month -
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SevenYoken
SevenYoken
SevenYoken is a Belgian company providing innovative accounting solutions for fintechs, banks, and financial institutions. Their platform leverages AI to automate and optimize the accounting processes, offering features like real-time data syncing, advanced analytics, and financial reporting. By using AI-driven insights, SevenYoken helps clients enhance their operational efficiency, reduce errors, and make data-driven decisions. The company's aim is to simplify complex accounting tasks and improve financial transparency for its customers. -
34
Finlens
Finlens
Finlens is an AI‑powered accounting co‑pilot that delivers real‑time financial clarity and automates the entire bookkeeping workflow for startups and CPA firms. Its intuitive dashboard aggregates data from over 1,000 bank and credit card integrations to provide GAAP‑ready books, instant key metrics (runway, burn rate, MRR, ARR, and customer growth), and interactive spending analyses without manual data entry. Transactions are automatically categorized and reconciled, while custom reports, balance sheets, profit & loss statements, spending and schedules, are generated on demand. Finlens syncs seamlessly with QuickBooks for zero‑friction setup, offers instant invoicing and receivables/payables monitoring, and supports collaborative access for founders, CFOs, and accountants. Built‑in AI insights highlight patterns in expenses and inflows, accelerate monthly closes, and free teams from spreadsheets and email threads by centralizing communication and approvals within the platform. -
35
Quanta
Qanta
Quanta is a full-service accounting platform purpose-built for software companies that delivers real-time visibility into financials by combining automated bookkeeping, continuous reconciliations, and deep integrations with common startup financial tools. It maintains an AI-native general ledger that automatically imports data from a company’s banking, payment, payroll, and spend tools and applies predefined rules; ensuring books stay clean, consistent, and always up to date. Quanta offers real-time dashboards showing cash, revenue, burn rate, runway, accounts receivable, vendor activity, customer/invoice status, and other critical metrics; giving teams immediate access to today’s numbers rather than waiting for month-end. It also supports advanced features such as revenue recognition, department-level financial tracking, and tax filing (including federal, state, local income taxes and even R&D-tax-credit studies). Users get access to a dedicated in-house accounting expert.Starting Price: $250 per month -
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Planful
Planful
Planful (formerly Host Analytics) is a trusted, premier provider of scalable, cloud-based enterprise performance management (EPM) software solutions. Specifically created for enterprises, Planful enables users to integrate realistic modeling data to operational and financial business plans, compare projections to outcomes, and collaborate with key stakeholders using a single, easy to use interface. By leveraging Planful, finance teams can maximize their corporate performance by automating, accelerating, and aligning all their financial processes. -
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Cratoflow
Cratoflow
No more emailing. Easily drag and drop documents from your computer into our platform. Machine Learning algorithm learns transaction coding behavior of the invoice and memorizes historical patterns. Robust workflow to obtain approval or resolve exceptions. Scheduled payments using the integrated payment solution on the website or on the go with our mobile app. Easily communicate with your customers using our customer portal for quick payments and to resolve billing inquires. Enable quick customer billing using automated and recurring billing solutions. Improve your customer collections process with systematic billing and revenue tracking to reduce manual effort. Integrated payment collection that allows customers to send payments directly to you with the click of a button. Forecast your cash flow for the next one, three, or six months based on historical trends. Gauge current profitability to make more informed business decisions. -
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Klarity
Klarity
Manual review of customer contracts for revenue accounting impact is time consuming and painful. Each contract requires accountants to spend hours creating and populating new contract review checklists with metadata, dates, fees and non-standard terms— hours that could be spent on process innovation. Klarity automates this process on every level. All contracts are automatically reviewed against a bespoke checklist that is pre-populated by Klarity. Accounting impact, notes, and notifications are all built into the application, along with a simple, automated workflow. With Klarity, organizations can skip the laborious manual work and focus on adding strategic value through analysis and audit documentation. Establish customized workflows for first and second-level reviewers for a more seamless contract review process and a faster month-end close. -
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Truewind
Truewind
Through a combination of AI and concierge service, we deliver a delightful financial back office experience. Reliable bookkeeping, detailed financial models, built exclusively for startups. Always count on getting accurate books delivered monthly. By pairing our concierge team with AI, you'll enjoy a new level of transparency and accuracy in accounting. You can't get to real-time finance if it takes three weeks to close your books. We close your books in days rather than weeks, so you can make faster business decisions. The wind speed you experience while sailing is relative to the movement of the boat. The true wind speed can only be measured by a stationary point on land, which is the role of finance. We give you the true wind speed readings so you can navigate the seas. -
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Digitoo
Digitoo
Imagine a world where you no longer have to waste hours on invoices, receipts, and accounting stuff. Focus on what truly matters – driving your business forward, exploring new opportunities, and making strategic decisions that shape the future. Digitoo allows you to receive invoices digitally in the formats you know – PDF, PNG, JPEG, TIFF, or ISDOC. No more dealing with paper documents or tedious data transfers. Digitoo ensures a smooth and paperless accounting experience, saving you time and hassle. No more wasted hours on laborious manual data entry, document scanning, or printing. With Digitoo, these tasks are automated, freeing up valuable time for you and your team. Immediate access to your financial data allows you to make informed decisions with confidence. Having a clear and accurate picture of your company's finances is essential. Digitoo offers the ability to process all your invoices in real time. -
41
FundGuard
FundGuard
Power your investment operations with real-time data immediately and seamlessly integrated across all workflows. Unburden yourself of obsolete technology while shaping the future of investment accounting. Delight your clients with unparalleled speed, innovation, and digital experiences. Embrace new regulations, ensure oversight, and easily incorporate new asset classes – including crypto – with ease. Scale for the future, improve operational efficiency and dramatically reduce costs. Complete with general ledgers and NAV values in addition to portfolio holdings and cash. Designed to handle near limitless volumes of data without the common constraints of relational databases. Cloud-native, big-data database and distributed architecture enables near real-time business continuity and disaster recovery. -
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Integra Balance AI
Integra Balance AI
Our AI-powered bookkeeping bots can automate all your bookkeeping tasks, ensuring they are completed quickly, accurately, and effortlessly. -
43
ChatCPA
ChatCPA
A.I. powered chatbot to help solve complex accounting questions using a sophisticated prompting algorithm. The chatbot is offered on platforms like WhatsApp, Instagram, SMS, and iMessage. CPA exam testbank with over 20,000 MCQs covering all the topics covered on the US CPA exam.Starting Price: $7.99/month -
44
OpenEnvoy
OpenEnvoy
OpenEnvoy is the Applied AI platform that unifies payables, contracts, receivables, and transactions to free Finance teams from clerical work. OpenEnvoy provides customers with AI that eliminates coding errors, over-billings, and fraud to improve operating efficiency and cash flow without impacting suppliers or IT. With OpenEnvoy, customers have eliminated more than $400M in losses.
AI Accounting Software Guide
AI accounting software is a form of automated accounting that uses artificial intelligence to both analyze and automate various processes. This type of software often works with natural language processing (NLP) and machine learning algorithms to provide insights that automate certain mundane tasks for accountants. AI accounting software can help businesses reduce administrative costs, increase accuracy, and save time by automating the bookkeeping process.
AI accounting software has the ability to identify patterns in data more quickly than humans, reducing the amount of manual work required by an accountant. It can be used to generate reports, manage order entry processes, and match receipts with payments or invoices, making it an efficient solution for many businesses. The software also offers predictive analytics capabilities, allowing accountants to make better decisions based on past trends and current market conditions. Additionally, AI-based solutions can even automate the entire payroll process – from generating salary slips to submitting taxes.
In addition to its efficiency benefits, AI accounting software also helps improve accuracy in financial reporting since it reduces the chance of human errors occurring in calculations or data entry. It also improves insight into customer spending habits through its predictive analytics capacity, which is useful for small business owners who need to know where their budget is being spent most effectively.
Overall, AI accounting software provides an invaluable resource for businesses looking to make their financial processes more streamlined and efficient while minimizing risk associated with inaccurate data entry or manual errors throughout the bookkeeping process.
AI Accounting Software Features
- Automated Bookkeeping: AI accounting software automates the bookkeeping process, allowing businesses to easily track their finances in an organized manner. This reduces time spent manually tracking transactions and provides real-time updates on cash flow and other financial insights.
- Tax Compliant: AI accounting software ensures that taxes are filed with accuracy and efficiency. It can handle a variety of tax regulations from different countries, as well as helping to identify potential savings opportunities during filing season.
- Smart Data Analysis: AI accounting software utilizes machine learning technology to analyze vast amounts of data in order to provide up-to-date insights into financial trends and patterns. This allows users to quickly gain visibility into their business’s financial health without having to manually comb through data sets.
- Real-Time Financial Forecasting: AI accounting software provides businesses with accurate financial forecasts based on past performance, current market conditions, and internal factors such as cash flow and accounts receivable/payable balances. These forecasts enable businesses to make informed decisions by predicting future events and outcomes.
- Fraud Detection: AI accounting software detects fraudulent activities before they become major issues for businesses. The system analyzes patterns within spending records and compares them against known fraudulent behavior profiles in order to detect any anomalies or suspicious activity before it is too late. By doing so, companies can reduce the amount of time and money spent dealing with fraud cases after they have occurred.
- Automated Invoicing: AI accounting software automates invoice processing and payments, allowing businesses to quickly and easily manage their receivables. This increases efficiency by reducing manual data entry and the amount of time spent tracking down late payments. Additionally, automated invoicing ensures that all customer information is accurate and up-to-date.
Types of AI Accounting Software
- Machine Learning: Machine learning uses algorithms to detect patterns in data and use the insights gained from this data to improve decision-making processes. This type of AI accounting software can be used for budgeting, forecasting, payroll processing, tax compliance, and other financial tasks.
- Natural Language Processing: Natural Language Processing (NLP) is a form of AI that enables machines to understand human language. NLP-based accounting software can interpret natural language commands such as “compare income and expenses” or “generate detailed reports”. This type of software allows users to ask questions using their own words instead of needing to learn a specific syntax or command structure.
- Accounting Automation: Accounting automation software is designed to streamline accounting processes, such as invoicing and payroll, using a variety of automated tools. It can help reduce manual data entry and improve efficiency in a business's financial operations.
- Predictive Analytics: Predictive analytics combines machine learning and statistics to analyze historical data and predict future outcomes. This type of AI accounting software can be used for forecasting revenues, profits, cash flow, etc., enabling companies to make better decisions about investments and operations.
- Database Management: AI-based database management software uses algorithms to optimize the storage and retrieval of data, making it easier for accountants to access the information they need. This type of software can also be used to detect fraud and financial anomalies.
Who Uses AI Accounting Software?
- Accountants: These professionals leverage AI accounting software to streamline workflow processes and access real-time insights about their clients’ financial data.
- Small Business Owners: AI accounting software can provide small business owners with the tools they need to manage their finances from anywhere, without having to hire an accountant.
- Bookkeepers: Bookkeepers use AI accounting software to automate mundane tasks such as reconciliations, so they can focus on more value-adding activities.
- Information Technology Professionals: IT professionals rely on AI accounting software to help them maintain compliance with regulatory requirements and protect sensitive financial information from security breaches.
- Auditors: Auditors leverage AI accounting software to analyze large amounts of transactional data quickly and uncover any potential discrepancies or inconsistencies in a much shorter time frame than manual processes.
- Data Analysts: Data analysts use AI accounting software to gain deeper insights into their clients’ financial performances and make more informed decisions about future investments or expenditures.
- Financial Advisors: Financial advisors rely on AI accounting software for automated portfolio analysis and risk management solutions that enable them to give accurate advice quickly, efficiently and cost-effectively.
- Investors: Investors use AI accounting software to make well-informed decisions based on real-time data analysis rather than relying on manual processes which may miss critical insights or fail to factor in market volatility.
How Much Does AI Accounting Software Cost?
The cost of AI accounting software depends on the type of product and the features included. Generally speaking, basic AI accounting software can cost anywhere from $500-$2,500 depending on which provider you choose. At this price point, you're likely to get some basic features such as automation, integration with other systems, data analysis tools, and basic reporting capabilities.
For more advanced features such as predictive analytics and machine learning capabilities, the cost increases significantly. Software providers may charge a flat-rate fee or offer subscription-based pricing models that allow you to pay for services over time. In addition to the upfront costs associated with purchasing an AI accounting software package, there may be additional fees for customization or setup services offered by the vendor. It's best to compare prices and packages across multiple vendors before making a purchase decision to ensure you get the most value for your money.
What Integrates With AI Accounting Software?
AI accounting software can integrate with other types of software such as payroll, billing, and invoicing. Additionally, AI accounting software can integrate with customer relationship management (CRM) systems and project management tools. Many AI accounting software platforms also include features that allow for integration with ecommerce platforms, making it easier for businesses to accept payments and manage their inventory in one place. Lastly, AI accounting software is compatible with many tax filing solutions and financial planning tools. This allows companies to automate the process of preparing taxes and tracking financial performance from a single platform.
AI Accounting Software Trends
- Automation of routine tasks: AI accounting software allows businesses to automate many of their most tedious and mundane tasks, including bookkeeping, invoicing, tracking expenses, monitoring accounts receivable and payable, and more. This frees up employees to focus on higher-value activities such as sales and marketing.
- Enhancing accuracy: By automating these tasks, AI accounting software can help provide more accurate data for financial reporting purposes. It also reduces the risk of human errors that may occur in manual processes.
- Improved insights: AI technology is capable of analyzing large amounts of data quickly and efficiently. This enables businesses to gain valuable insights into their finances that would otherwise not be available from traditional methods. The use of machine learning algorithms can even improve these insights over time as more data is collected and analyzed.
- Predictive analytics: Predictive analytics are becoming increasingly important in today's business world, as they allow businesses to make informed decisions based on past performance. AI accounting software makes it easier than ever before for companies to utilize this technology by providing access to advanced forecasting tools that assess current trends and generate predictions about future performance.
- Streamlined collaboration: Thanks to cloud-based solutions, multiple users can now collaborate on projects within an organization's accounting system at the same time without having to worry about compatibility issues or file sharing problems. This makes it much faster and easier for teams across different departments to work together while staying up-to-date with each other's progress in real time.
- Improved security: AI accounting software can help to protect businesses from cyber threats by monitoring for potential fraudulent activity and alerting users when suspicious data is detected. This provides an additional layer of security that conventional accounting systems lack.
How To Select the Right AI Accounting Software
- Evaluate Your Business Needs: Determine which aspects of accounting and financial management you need help with and what features are important for your business. Make a list of the features you must have and those that would be nice to have, such as invoice processing or automated payroll.
- Research AI Accounting Software Solutions: Once you know the features your business requires, research available solutions with those capabilities. Look at reviews from trusted sources and compare prices between different products. Use the tools on this page to compare AI accounting software by features, pricing, user reviews, integrations, operating system, and more.
- Set a Budget: When selecting an AI accounting software solution, set a budget based on what you can afford and what the software provides in terms of value to your business. Keep in mind that it is not always necessary to spend more money to get better results.
- Try Before You Buy: Take advantage of free trials offered by some software companies before making a decision on which one to purchase. This way, you can make sure the product meets all of your requirements and fits into your budget before investing in it long-term.
- Check Compatibility With Your Current Systems: Ensure that any AI accounting software solution chosen is compatible with other office systems currently used by your business so that data can be easily transferred without having to start from scratch every time you switch over programs or processes.
- Look for Continuous Support: Most AI accounting software solutions provide ongoing customer support and updates, so it is important to choose one that will continue to keep your system up-to-date with the latest technology so that your business remains competitive.
- Consider Security: Make sure the AI software you select has robust security features to protect your data from being stolen or compromised. Read through their privacy policy and terms of service to determine how secure your data would be if you chose that product.
