
AI accounting and finance apps make your processes more efficient.
They are automation tools that not only reduce manual work but also summarize large data into key insights to help you monitor your financials and make strategic business decisions.
If you are looking for such features, I have reviewed some top AI accounting and finance apps for you.
Whether you are a solopreneur or a manager in a large organization, you can use these tools to improve your operations.
What is AI Accounting and Finance Software and What Tools Are Best for You?
AI Accounting and Finance software refers to any application that automates repetitive tasks and generates reports. It helps you set several processes on autopilot and get instant financial status and key insights.
Most cloud systems use AI and automation to speed up data entry and create financial statements.
There are also independent tools you can use with your accounting software to generate specific results, like data analysis or anomaly detection. These apps integrate with your accounting system and financial sources and automatically organize your data.
Top Features to Look for In AI Accounting and Finance Software;
- Data entry automation.
- Financial data analysis and reporting.
- Tracking and real-time alerts.
- Integrations.
Below, I have compiled a list of the 15 best AI accounting and finance software products. You’ll find several accounting, budgeting, and finance tools in the list.
1. AccountsIQ
AccountsIQ is an AI-powered cloud accounting system. It provides all the core accounting and finance modules, including business intelligence and integrations.
You can use it to record general entries, automate payments, consolidate statements, and manage cash flow. The software automates both basic and complex tasks and offers a bulk email option for follow-ups.
For supervision, AccountsIQ delivers an approval workflow. Managers can set up budgets and approve invoices and payments from their smartphones.
You can oversee multiple entities and handle foreign currency transactions.
AccountIQ’s growth plan also has a separate software for fixed assets. It keeps track of all your company’s assets and automatically calculates depreciation expenses.
Core Features
- Cloud accounting.
- AI capabilities.
- Consolidation.
- Fixed asset management.
- Cashflow forecasting.
- Analytics and reporting.
- Bulk email.
- Integrations.
- Multi-entity support.
- Mobile friendly.
Price
AccountsIQ charges €199 to €450 per month. You can ask for the enterprise plan.
2. Sage Intact
Sage is a cloud accounting system for growing companies. With its AI-powered tools, you can reduce manual data entry and automate your workflows.
The software covers core financial operations and other side departments such as supply chain, HR, budgeting, and analytics. You can manage receivables, payables, cash, and orders and convert your financial data into valuable insights for forecasting and budgeting.
You can integrate Salesforce with the core accounting system and buy add-ons to extend and customize your workflows.
Core Features
- Accounting system.
- Payroll and HR.
- Budgeting and planning.
- Collaboration.
- AI capabilities.
- Reporting and insights.
- Multi-entity consolidation.
- Integrations.
Price
Sage shares prices on request. Contact sales for the quotes.
3. Docyt
Docyt delivers data entry and financial reporting automation.
The software scans your receipts, bills, and credit card purchases and automatically categorizes them in the proper general ledger. Additionally, it tracks your bank transactions and reconciles them daily.
Any missing or unusual amount gets flagged instantly for review, easily detecting incomplete or unauthorized transactions.
Via the dashboard, you can easily monitor both financial and operation metrics and generate PL and cash flow reports. Docyt also gives you the option to set reporting on autopilot. That means the software sends necessary files to your email inbox daily, so you don’t have to log in for the report download.
Core Features
- Multi-entity accounting.
- AI capabilities.
- Expenses management.
- General ledger.
- Reconciliation.
- Month-end closing.
- Analytics dashboard.
- Financial reporting.
- Email alerts.
Price
Docyt’s basic plan costs $299, and the Enterprise plan costs $999. You can ask for the demo.
4. Botkeeper
Botkeeper is designed for accounting firms. It’s an AI assistant tool that helps you optimize your accounting and general operations and monitor key metrics.
The app’s core function is categorizing general entries and automatically sending them to your accounting system. You can connect it with QuickBooks or Xero and update your ledgers.
If there is any discrepancy, it detects and brings them to your attention.
Other notable features of Botkeeper include business insights, document storage, client collaboration, and project management.
Core Features
- General entry automation.
- Transaction monitoring.
- Business insights.
- Document storage.
- Work management.
- Client communication.
- Integrations.
Price
Botkeeper’s monthly rate is $69. You can take a tour before purchasing the subscriptions.
5. Dext
Dext sells a suite of accounting products. Its product line has a receipt scanner mobile app, data extraction software, an e-commerce data consolidation tool, and a discrepancy alert.
You will get automation tools to optimize your workflows and third-party integrations to sync your accounting system with Dext. The software supports Sage, QuickBooks, and Xero and also connects with popular e-commerce platforms and POS systems.
With Dext insights, you can monitor your finances in real-time and generate reports for stakeholders or clients.
All in all, it’s a good app for process automation and analytics.
Core Features
- Accounting.
- AI capabilities.
- Scanning facility.
- Data extraction and sorting.
- Accounting matching and automation.
- Discrepancy alert.
- Real-time insights and reports.
- Integrations.
- Mobile app.
Price
Dext prices start from $30. You can take a free trial.
6. Truewind
Truewind offers AI assistance to startups, accounting firms, and established companies. The app acts as your digital accountant, automating repetitive workflows and providing data visibility.
If you are a startup organization, you can purchase its full-service accounting. The in-house team handles your books of accounts and taxes and also offers CFO services.
For accountant firms and established organizations, Truewind delivers tailored solutions. The software works well with popular accounting systems and provides an API for custom integrations.
Core Features
- Accounting automation.
- AI assistant.
- Audit trails.
- Document collection.
- Client follow-ups.
- Analytics and reporting.
- Full-service bookkeeping.
- Integrations.
Price
Truewind shares prices on request. Book a demo to know more.
7. Vic.ai
Vic sells AI payable solutions to mid-size companies. The software helps you handle invoices and process vendor payments.
Top notable features of Vic include purchase order matching, invoice data extraction, approval process, and payment workflows. Your vendors will get the flexibility to upload their invoices directly from their smartphones.
Via the analytics module, you can monitor invoice processing and generate spending insights.
You can integrate Vic with major ERP platforms and upload files in various formats. Vic also supports desktop and mobile devices.
Core Features
- Vendor invoice management.
- AI capabilities.
- Approval workflows.
- PO matching.
- Payment processing.
- Analytics and reporting.
- Desktop and mobile.
- Integration.
Price
Vic shares prices on request. You can also ask for the demo.
8. Booke
Booke collects, categorizes, and reconciles transactions. The platform sells two AI products to automate bookkeeping and eliminate accounting errors.
You’ll receive desktop and mobile apps for easy accessibility and reporting tools to communicate with clients and your team. You’ll also get the OCR feature and payable automation to upload and categorize receipts in bulk.
You can integrate Booke with your productivity apps for document sharing and connect it with your accounting systems to sync transactions.
For auditing, Booke has an activity journal and detection tool. Every transaction and edition are screened and logged for review.
Core Features
- Accounting automation.
- AI bookkeeper.
- Data scanning and categorizing.
- Activity journal.
- Error detection.
- Client communication.
- Payable workflow.
- Integration.
- Chrome extension.
- Mobile app.
Price
Booke charges $20 for the automation plan, and $50 for the AI package. You can request a demo.
9. FloQast
FloQast helps you centralize information and simplify the month-end closing process. It automates several workflows, such as document collection, reconciliation, collaboration, and reporting.
The software is excellent for tracking and visibility.
You can create checklists with deadlines and automatically detect data entry issues. To keep an eye on the closing process, you’ll get an analytics dashboard with reporting options for stakeholders.
All the necessary productivity and collaboration tools are also available on FloQast. You can connect Slack, set up roles, assign unresolved tasks, and automate information requests and follow-ups.
Core Features
- Month-end closing.
- Information request workflow automation.
- Reconciliation.
- Checklist.
- Collaboration.
- Compliance management.
- Budgeting.
- Analytics.
- Integrations.
Price
FloQast shares prices on request. Book a demo to know more.
10. Quickbooks Intuit
If you use Quickbooks for accounting, you don’t have to go anywhere else for the smart features.
Quickbooks already use machine learning to automate time-consuming tasks. Via its scanning and tracking technology, small business owners can easily eliminate data entry and set monitoring on autopilot.
But Quickbooks also plans to introduce an AI assistant, which would help you get quick business insights. With this tool, you can get targeted financial information and data-backed recommendations.
Core Features
- Cloud accounting.
- Receipt capture.
- Automation.
- Estimation and budgeting.
- Reporting.
- AI assist (coming soon)
- Assisted bookkeeping.
- Multicurrency.
- Mobile app.
Price
Quickbooks plans begin at $15. You can explore assisted bookkeeping services for free.
11. Zeni
Zeni offers finance concierge services to startups. It uses artificial intelligence to automate daily bookkeeping and summarize operations in a single dashboard.
The product is designed to make money management easier for the founders. For a flat fee, Zeni handles everything and converts invoice data into readable charts. From your side, you only need to upload bills and reimbursements and let Zeni automate everything.
With Zeni’s user-friendly interface and human expert services, founders can keep an eye on their cash reserves and handle operations with ease.
Core Features
- Finance concierge.
- Bookkeeping.
- Reimbursements and payroll.
- Cash runway monitoring.
- Reporting dashboard.
- Budgeting and forecasting.
- Reconciliation.
- Inventory management.
- Integrations.
Price
Zeni prices start from $549. You can book a demo to check out its products.
12. Wally
Wally is a personal finance mobile application. It has AI capabilities that make tracking your monthly spending and cash flow a lot easier.
The software automatically categorizes your expenses and gives you a summary of your current financial position.
If you have recurring bills, Wally alerts you beforehand, so you can pay dues on time.
With its AI assistant, you can optimize your budgets and get financial advice.
Wally comes in both Android and Apple versions and supports around 15k banks from 70 countries.
Core Features
- Personal finance.
- Spending management.
- AI capabilities.
- Automation.
- Insights.
- Finance guide.
- Mobile app.
Price
You can try Wally for free.
13. RocketMoney
RocketMoney is a good alternative to Wally. It tracks your monthly spending and helps you increase your savings.
Core capabilities of RocketMoney are budgeting, net worth calculation, recurring payments, and insights. It also analyzes your expense pattern and recommends the best way to save money.
One other good feature of RocketMoney is bill negotiation. The app scans your bills and provides better rates for insurance and other services.
Core Features
- Spending tracking.
- Net worth calculation.
- Budgeting.
- Subscription management.
- Bill negotiation.
- Credit score monitoring.
- Saving recommendation.
Price
RocketMoney is free to use. For premium membership, it charges around $4 to $12 per month.
You’ll receive a 7-day free trial to explore the premium features.
14. Datarails
Datarails is a finance analytics tool. It automates time-consuming processes and extracts data for forecasting and budgeting.
The app is built to improve your Excel work.
You don’t have to migrate or replace your Excel sheets. The software simply consolidates the original data for better visibility and generates reports for the stakeholders.
You can tailor your dashboard metrics to get specific results and share your dashboard with your team.
There’s also a module for scenario planning. You can create different variations of your budgets to optimize your operational costs.
The best feature of Datarails is the FP&A AI chat. It analyzes your records and delivers specific financial data on request.
Core Features
- Excel add-in.
- AI capabilities.
- Financial planning and budgeting.
- Scenario planning.
- Custom dashboard.
- Collaboration.
- ERP and CRM integrations.
Price
Datarails provides custom packages. Contact sales to get the quotes.
15. Cube
Cube is also a finance analytics and reporting platform. Like Datarails, it extracts data from Excel and creates readable charts and reports.
Some of the data you can generate with Cube includes cash flow forecasting, sales projections, workforce planning, and consolidation. You can run unlimited scenarios on Cube and customize your forecasting dashboard.
Templates for Excel and Google Sheets are included in the subscription. You’ll find templates for dashboards, calendars, financial statements, and budgeting.
You can connect third-party applications with Cube and add your team members for collaboration.
Core Features
- Financial analytics and planning.
- Excel and Google Sheets data import.
- Scenario planning.
- Custom dashboard.
- Collaborations.
- Templates.
- Integrations.
Price
Cube prices start at $1500. You can ask for the custom package.
Conclusion
Bookkeeping is time-consuming.
Each business transaction needs to be individually recorded and properly categorized to keep an accurate book of accounts.
AI accounting and finance tools make things easier for you. With applications like Docyt and FloQast, you can speed up your workflows and efficiently generate data for financial planning and budgeting.
Explore the above applications to compare different AI accounting products. Good luck!