20 Best AI Accounting Software Reviewed in 2024
Best AI Accounting Software Shortlist
Here’s my pick of the 10 best software from the 20 tools reviewed.
Our one-on-one guidance will help you find the perfect fit.
AI accounting software is a valuable asset for any company. With the right software, teams can automate financial processes and gain better insights into their data. However, finding the right AI accounting software can be a challenge, especially with so many options available.
Using my experience in tech finance, I have reviewed, compared, and evaluated the leading AI accounting software. From there, I compiled my results into in-depth reviews to help you find the best software for your unique needs. I’m confident that you’ll discover some great AI accounting solution options in the list below.
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Best AI Accounting Software Summary
This comparison chart summarizes pricing details for my top AI accounting software selections to help you find the best software for your budget and business needs.
| Tools | Price | |
|---|---|---|
| Canopy | From $150/month (billed annually) | Website |
| TaxDome | From $58/user/month (billed annually) | Website |
| Vic.ai | Pricing upon request | Website |
| Botkeeper | From $69/license/month | Website |
| ClickUp | From $7/user/month (billed annually) | Website |
| Trullion | From $3,000/user/year | Website |
| Certinia | Pricing upon request | Website |
| Zeni | Pricing upon request | Website |
| Kashoo | From $20/month | Website |
| Xero | From $1.40/month | Website |
Compare Software Specs Side by Side
Use our comparison chart to review and evaluate software specs side-by-side.
Compare SoftwareHow To Choose AI Accounting Software
It’s easy to get bogged down in long feature lists and complex pricing structures. To help you stay focused as you work through your unique software selection process, here’s a checklist of factors to keep in mind:
| Factor | What to Consider |
| Scalability | Will the software grow with your business and its evolving accounting needs? |
| Integrations | Does it integrate smoothly with your existing systems and tools? |
| Customizability | Can you tailor the software to meet your team’s specific accounting workflows? |
| Ease of Use | How quickly can your team adopt and effectively use the software? |
| Budget | Does the software fit within your financial constraints without sacrificing key features? |
| Security Safeguards | Are there strong measures in place to protect your financial data? |
Best AI Accounting Software Reviews
This section provides an in-depth analysis and overview of each AI accounting software. We will walk through the pros and cons of each tool, their features, and their best use cases.
Canopy is a cloud-based software designed to help accounting firms manage their day-to-day operations more effectively. It provides tools for organizing client information, tracking tasks, and automating workflows, enabling firms to streamline their practice management.
Why I picked Canopy: Canopy offers a full suite of practice management tools that allow your team to manage client communications, deadlines, and document storage all in one place. It helps automate tasks like client onboarding and billing, so your team can focus on more strategic work.
The platform also provides detailed reporting and time tracking, giving you better visibility into how your firm is performing. With built-in features for secure document sharing and e-signatures, Canopy simplifies compliance and client collaboration, making it an ideal solution for firms looking to optimize their workflows.
Standout Features & Integrations:
Features include AI-powered email generation, which helps your team craft and rephrase client communications efficiently. The platform also provides automated reporting that allows you to generate data-driven insights without manual intervention. Canopy offers a secure document management system, enabling your firm to store, organize, and share files seamlessly.
Integrations include QuickBooks, Zapier, Google Drive, Microsoft Outlook, Stripe, and FreshBooks.
Pros and cons
Pros:
- Organizes tax resolution processes
- Customizable client communications and file sharing
- Provides real-time IRS transcript access
Cons:
- Lacks advanced reporting features
- Workflow regeneration can be unintuitive
TaxDome is an all-in-one platform designed for managing tax firms, providing tools for automating workflows, organizing client communications, and streamlining document management. It’s ideal for tax professionals looking to manage their entire operation in one place, from client onboarding to tax preparation and filing.
Why I picked TaxDome: TaxDome offers features like a customizable client portal, automated reminders, and task management that help your team keep everything on track. You can also manage secure document storage and e-signatures within the platform, reducing manual paperwork. Its workflow automation allows your team to handle repetitive tasks more efficiently, giving you more time to focus on client needs.
Standout Features & Integrations:
Features include customizable client portals that let your team manage client communication and document sharing in one place. Automated workflows help you handle repetitive tasks like reminders and follow-ups, making your processes more efficient. TaxDome also offers secure document storage with e-signature capabilities to streamline paperwork.
Integrations include QuickBooks, Zapier, Stripe, PayPal, Calendly, Google Drive, Dropbox, Docusign, Microsoft Outlook, and Slack.
Pros and cons
Pros:
- Access to one-on-one setup support
- Highly customizable workflows
- Centralized platform for client management
Cons:
- Few advanced AI integrations for emails
- High upfront cost for smaller firms
Vic.ai is a tool designed to handle key financial tasks, focusing primarily on managing and processing invoices. It’s geared towards finance teams and accounting departments that need to automate routine tasks and improve their overall efficiency.
Why I picked Vic.ai: Vic.ai automates the entire invoice processing workflow, reducing manual data entry and eliminating human errors. It uses autonomous technology to classify invoices and handle approvals, which cuts down on time spent on repetitive tasks.
You’ll find features like real-time cost tracking and AI-powered decision-making to improve your team’s accuracy and speed. Its automation capabilities ensure that your team can focus on more strategic financial decisions while routine invoice processing is managed automatically.
Standout Features & Integrations:
Features include automated invoice processing, real-time cost tracking, and AI-driven approval workflows. You can cut down on manual data entry with its autonomous technology, allowing your team to focus on more critical financial tasks. The platform also offers tools for financial decision-making by providing deeper insights into your costs and spending.
Integrations include NetSuite, QuickBooks, Sage Intacct, Xero, Microsoft Dynamics 365, SAP, BILL, Workday, Oracle, and Acumatica.
Pros and cons
Pros:
- Handles large volumes of invoices
- Provides real-time insights
- AI learns from user inputs
Cons:
- Limited customization options
- Setup complexity
Botkeeper is a cloud-based platform that automates bookkeeping tasks for accounting firms, allowing them to manage finances without manual data entry. It is designed to support accounting professionals and firms by providing automated transaction classification, reconciliations, and financial reporting, making it easier to oversee financial workflows.
Why I picked Botkeeper: Botkeeper automates key bookkeeping tasks like transaction coding and bank reconciliations, saving your team time on manual data entry. Its real-time reporting capabilities let you track your financials as they happen, giving you better insights.
Additionally, the platform’s AI learns from user inputs, continuously improving accuracy over time. With automated workflows, your team can focus on higher-level tasks while Botkeeper handles routine bookkeeping.
Standout Features & Integrations:
Features include automated transaction categorization, where your team can skip manual data entry and focus on high-value tasks. The platform also offers real-time reporting to give you immediate insights into your finances. Botkeeper's machine learning capabilities improve its accuracy over time, adapting to your firm's unique bookkeeping needs.
Integrations include QuickBooks, Xero, Sage, FreshBooks, BILL, Gusto, Expensify, PayPal, Stripe, and HubSpot.
Pros and cons
Pros:
- Allows customization for financial reports
- Provides real-time transaction updates
- Automates manual bookkeeping tasks
Cons:
- Initial onboarding can be time-consuming
- AI sometimes needs manual correction
ClickUp is a versatile productivity platform designed to help teams manage projects, collaborate, and stay organized across different workflows. It’s built for businesses of all sizes and offers tools for task management, goal setting, and document sharing. The platform aims to centralize work so teams can plan, track, and collaborate in one place.
Why I picked ClickUp: ClickUp offers a range of features that make it an all-in-one solution for project and task management. It allows your team to customize workflows, set milestones, and visualize projects using lists, boards, or Gantt charts.
The built-in goal-setting tools help your team stay aligned on priorities, while real-time collaboration features make communication seamless. Its flexibility in organizing tasks and projects is what makes it a standout choice for productivity-focused teams.
Standout Features & Integrations:
Features include customizable task management with lists, boards, and timelines, which help your team stay organized and prioritize tasks effectively. You can use ClickUp to set goals and track progress in real-time, ensuring your team stays on track. It also offers built-in docs and real-time collaboration, so your team can easily create, share, and edit documents.
Integrations include Slack, Google Drive, Microsoft Teams, Zoom, Dropbox, GitHub, Zapier, Outlook, Calendar, and OneDrive.
Pros and cons
Pros:
- Effective for managing complex projects
- Easily scales for larger teams
- Highly customizable workflows
Cons:
- Import functionality can be unreliable
- Lacks robust database view options
Trullion is an AI-driven accounting platform designed to simplify lease accounting and streamline financial reporting processes. It caters to finance teams looking to automate compliance with accounting standards like ASC 842 and IFRS 16, offering real-time data visibility and reporting tools to enhance accuracy and transparency.
Why I picked Trullion: Trullion uses AI to transform unstructured lease documents into financial workflows, automating tasks that would otherwise be manual and time-consuming. Its ability to handle lease recognition and financial statement generation in real-time helps your team reduce the risk of errors.
With automated compliance and audit readiness, Trullion gives you the tools to meet complex lease accounting standards while improving efficiency. The platform also offers visual dashboards, allowing your team to monitor key metrics and make informed decisions faster.
Standout Features & Integrations:
Features include automatic extraction of lease data from documents, real-time reporting, and compliance with standards like ASC 842 and IFRS 16. You can use it to reduce manual work by letting AI handle lease accounting complexities, giving your team more time for high-value tasks. Trullion also provides a clear audit trail, making compliance management easier for your team.
Integrations include NetSuite, SAP, Microsoft Dynamics 365, Oracle, QuickBooks, Xero, Sage Intacct, Workday, BlackLine, and Coupa.
Pros and cons
Pros:
- Handles bulk data uploads smoothly
- Supports compliance with ASC 842 and IFRS 16
- Automates lease management efficiently
Cons:
- Limited functionality for complex lease renewals
- Some AI features need more accuracy
Certinia is a cloud-based platform that connects financial management with operational processes to provide real-time insights for decision-making. It is designed for businesses that need to align their financial and operational data, helping teams collaborate and stay informed with integrated workflows and reporting.
Why I picked Certinia: Certinia integrates financial and operational data, allowing your team to view and manage both in one platform, making decision-making much more efficient. Its features include real-time reporting, automated workflows, and predictive analytics, which help teams forecast and plan with confidence.
The platform also enables you to track and manage revenue, expenses, and performance across different departments. Its unified approach ensures your financial and operational data are always aligned, reducing discrepancies and saving time.
Standout Features & Integrations:
Features include real-time reporting that helps your team make informed decisions quickly. The platform allows you to align financial and operational data, keeping all your information in one place. You can also use automated workflows to streamline repetitive tasks and enhance productivity.
Integrations include Salesforce, Slack, Microsoft Teams, Google Workspace, Jira, Zendesk, ServiceNow, Docusign, SAP, and Oracle.
Pros and cons
Pros:
- Offers advanced risk management tools
- Strong data security measures
- Automates complex financial processes
Cons:
- Requires significant time to master advanced features
- Limited customization options
Zeni is a financial management platform powered by artificial intelligence, designed to automate and streamline accounting, bookkeeping, and financial reporting tasks. It caters to startups and businesses looking for efficient ways to manage their finances, offering services like expense tracking, bill pay, and financial forecasting.
Why I picked Zeni: Zeni combines AI-driven bookkeeping with real-time financial insights, making it easy for your team to monitor cash flow, expenses, and profitability at a glance. Its automated features reduce the need for manual accounting tasks, allowing your team to focus on strategic financial decisions.
The platform also offers advanced reporting, giving you instant access to key metrics that support growth and decision-making. By centralizing all financial operations, Zeni helps your team maintain clarity and control over your business's finances.
Standout Features & Integrations:
Features include AI-powered bookkeeping, where your team can automate tasks like expense categorization and transaction management. The platform also offers real-time financial dashboards, so you can track performance metrics at any time. Zeni helps your team with financial forecasting, allowing for informed decision-making with up-to-date projections.
Integrations include QuickBooks, Gusto, Expensify, Stripe, BILL, Google Drive, HubSpot, Carta, Rippling, and Brex.
Pros and cons
Pros:
- In-depth startup financial expertise
- Automated bill payments and reimbursements
- Fractional CFO services available
Cons:
- Startup-focused, limiting broader use cases
- No multi-currency support
Kashoo is an easy-to-use accounting platform designed for small businesses, offering tools for managing financial tasks like invoicing, expense tracking, and reporting. It simplifies accounting processes by providing a user-friendly interface that helps businesses maintain accurate financial records with minimal effort.
Why I picked Kashoo: Kashoo offers straightforward accounting features that make it ideal for small business owners who need a simple solution. You can quickly generate invoices and track expenses in real time, ensuring that your financials are always up to date.
The platform also provides one-click reporting, which allows your team to produce financial statements with ease. Its simplicity and automation features help streamline your accounting without the need for complex setups or extensive training.
Standout Features & Integrations:
Features include real-time transaction tracking, which helps your team stay updated on all business expenses and income. The platform also offers automatic categorization of transactions, simplifying the bookkeeping process. Kashoo’s reporting tools allow you to generate financial statements in just a few clicks, ensuring you can easily monitor business performance.
Integrations include Stripe, PayPal, Square, FreshBooks, Hubdoc, Google Workspace, BluePay, Plaid, Plooto, Wise, and RBC Banking.
Pros and cons
Pros:
- Simplifies vendor management with automatic contact creation
- Offers advanced income and expense reporting
- Real-time bank feeds for quick updates
Cons:
- Lacks integration with certain invoicing tools
- No built-in payroll functionality
Xero is a cloud-based accounting software designed to simplify financial management for businesses. It helps users manage key tasks like invoicing, expense tracking, and payroll, offering an intuitive platform for handling day-to-day financial operations. Xero is suitable for small to mid-sized businesses that need an easy-to-navigate system.
Why I picked Xero: Xero’s user-friendly interface allows you to quickly get up to speed with its features, making financial management straightforward. You can manage invoices, track expenses, and view real-time cash flow all in one place.
Xero also provides customizable financial reports, so your team can generate insights tailored to your business needs. The software supports automatic bank transaction imports, reducing manual data entry and letting your team focus on more critical tasks.
Standout Features & Integrations:
Features include invoicing, bank reconciliation, and expense tracking. You can easily manage your cash flow with real-time views of your finances. Xero also supports payroll management, helping your team keep employee payments and taxes organized.
Integrations include PayPal, Stripe, HubSpot, Gusto, Square, Shopify, Mailchimp, GoCardless, WooCommerce, and Microsoft Dynamics 365.
Pros and cons
Pros:
- Detailed financial reporting tools
- Strong recurring invoicing features
- Simplifies audit trails for tracking
Cons:
- Project tracking is limited to top plans
- Bulk reconciliation requires higher-tier plans
Other AI Accounting Software Shortlist
Here are some additional AI accounting software options that didn’t make it onto my shortlist, but are still worth checking out:
- QuickBooks Online
For complete financial management
- FreshBooks
For small business invoicing and accounting
- Zoho Books
For small business invoicing
- FloQast
For month-end close management
- Sage Intacct
For financial scalability
- OneUp
For inventory management
- BILL
For automating bill payments
- Dext
For receipt and expense automation
- NetSuite ERP
For ERP integrations
- Aico
For automating financial controls
AI Accounting Software Selection Criteria
When selecting the best AI accounting software to include in this list, I considered common buyer needs and pain points like automating repetitive tasks and reducing human error. I also used the following framework to keep my evaluation structured and fair:
Core Functionality (25% of total weighting score)
To be considered for inclusion in this list, each solution had to fulfill these common use cases:
- Automating data entry
- Generating financial reports
- Tracking expenses and invoices
- Supporting tax calculations
- Reconciling bank accounts
Additional Standout Features (25% of total weighting score)
To help further narrow down the competition, I also looked for unique features, such as:
- AI-driven financial forecasting
- Automatic audit trail generation
- Customizable financial dashboards
- Integration with payroll systems
- Compliance with industry-specific standards
Usability (10% of total weighting score)
To get a sense of the usability of each system, I considered the following:
- Intuitive interface for non-experts
- Quick navigation between features
- Easy setup of automated workflows
- Availability of mobile access
- Flexibility in report customization
Onboarding (10% of total weighting score)
To evaluate the onboarding experience for each platform, I considered the following:
- Availability of interactive product tours
- Access to training webinars and videos
- Step-by-step setup templates
- Responsive chatbots for troubleshooting
- Smooth migration of financial data
Customer Support (10% of total weighting score)
To assess each software provider’s customer support services, I considered the following:
- 24/7 live chat or phone support
- Access to a dedicated account manager
- Availability of a comprehensive knowledge base
- Fast response times to inquiries
- Availability of support in multiple languages
Value For Money (10% of total weighting score)
To evaluate the value for money of each platform, I considered the following:
- Pricing transparency with no hidden fees
- Flexibility in payment plans
- Discounts for annual subscriptions
- Value of features provided for the price
- Scalability for businesses of different sizes
Customer Reviews (10% of total weighting score)
To get a sense of overall customer satisfaction, I considered the following when reading customer reviews:
- Positive feedback on ease of use
- Reports of reliable customer service
- Comments on speed of software updates
- Complaints about unexpected downtime
- General satisfaction with performance over time
Trends In AI Accounting Software
In my research, I sourced countless product updates, press releases, and release logs from different AI accounting software vendors. Here are some of the emerging trends I’m keeping an eye on:
- Predictive analytics for financial forecasting: Many vendors are adding AI tools that use historical data to forecast future financial trends, helping businesses make better decisions about budgeting, spending, and resource allocation.
- AI-powered compliance monitoring: With increasing regulations, AI accounting tools are being equipped with features that automatically monitor compliance with tax laws and financial regulations, reducing the risk of human error and penalties.
- Real-time anomaly detection: AI is now being used to flag unusual transactions in real-time, helping businesses detect potential fraud or errors faster. This trend is especially useful in high-volume transaction environments.
- Self-learning algorithms: Some AI accounting platforms are incorporating machine learning algorithms that improve their accuracy over time by learning from user behavior, making transaction categorization and other tasks more precise and efficient.
- Natural language processing for reporting: Vendors are starting to integrate AI that can generate easy-to-understand financial reports using natural language processing, making financial data more accessible to non-experts in businesses.
As AI accounting software continues to evolve, it’s clear that these emerging trends are designed to address the very challenges many businesses face—such as compliance risks, fraud detection, and the complexity of financial forecasting. By leveraging tools like predictive analytics and real-time anomaly detection, companies can make smarter decisions while reducing human error. Staying informed about these advancements can ease the burden of manual tasks and empower your team to focus on more strategic initiatives.
What Is AI Accounting Software?
AI accounting software is a type of AI technology that automates and enhances financial management tasks using artificial intelligence. Accountants, finance teams, and business owners typically use these tools to save time on manual processes, reduce errors, and gain deeper insights into their financial data.
Automated data entry, real-time anomaly detection, and predictive analytics help with tasks like transaction categorization, fraud detection, and financial forecasting. Overall, these accounting automation tools offer businesses more accuracy and efficiency in managing their finances.
Features Of AI Accounting Software
When selecting AI accounting software, keep an eye out for the following key features:
- Automated data entry: Automatically records transactions to save time and reduce manual errors.
- Predictive analytics: Provides insights into future financial trends to help with budgeting and planning.
- Anomaly detection: Flags unusual transactions in real-time, helping prevent fraud and catch errors early.
- Compliance monitoring: Ensures that your financial operations adhere to relevant tax and financial regulations.
- Customizable reporting: Allows users to create tailored financial reports that meet their specific business needs.
- Machine learning algorithms: Continuously improves accuracy by learning from user inputs and transaction patterns.
- Real-time dashboard: Offers a comprehensive view of financial health with up-to-date data and visualizations.
- Natural language processing: Generates easy-to-read financial reports, making data more accessible to non-experts.
- Expense tracking: Automatically categorizes and tracks expenses, ensuring accurate financial records.
- Audit trail: Keeps a record of all financial activities for easier auditing and compliance verification.
Benefits Of AI Accounting Software
Implementing AI accounting software provides several benefits for your team and your business. Here are a few you can look forward to:
- Increased accuracy: Automates data entry and calculations, reducing the risk of human errors in your financial records.
- Time savings: Automates repetitive tasks like transaction categorization and expense tracking, freeing up time for more strategic work.
- Improved compliance: Monitors regulatory changes and ensures your financial processes stay aligned with legal requirements.
- Better decision-making: Provides real-time insights and predictive analytics to help you make informed financial decisions.
- Fraud prevention: Detects anomalies in transactions early, allowing for quicker identification of potential fraud or errors.
- Scalability: Adapts to growing businesses by managing larger volumes of data without extra manual input.
- Enhanced reporting: Generates customized financial reports quickly, helping you understand your business's financial health at a glance.
Costs And Pricing Of AI Accounting Software
Selecting AI accounting software requires an understanding of the various pricing models and plans available in the accounting industry. Costs vary based on features, team size, add-ons, and more. The table below summarizes common plans, their average prices, and typical features included in AI accounting software solutions:
Plan Comparison Table for AI Accounting Software
| Plan Type | Average Price | Common Features |
| Free Plan | $0 | Basic invoicing, simple expense tracking, and limited reporting. |
| Personal Plan | $5-$25/user/month | Automated invoicing, basic financial reports, bank reconciliation, and receipt capture. |
| Business Plan | $25-$75/user/month | Advanced financial reporting, automated workflows, multi-currency support, and audit trails. |
| Enterprise Plan | $75+/user/month | Custom reporting, real-time analytics, AI-driven forecasting, and dedicated account support. |
AI Accounting Software FAQs
Here are some answers to common questions about AI accounting software:
How does AI improve fraud detection in accounting?
AI uses advanced algorithms to monitor transactions and financial data for unusual patterns. By detecting anomalies or inconsistencies in real time, AI helps identify potential fraud faster than traditional methods, allowing your team to act quickly and reduce financial risk.
Can AI accounting software handle multiple currencies?
Yes, many AI accounting platforms support multi-currency transactions. This feature is particularly useful for businesses operating globally, as it automates currency conversion, tracks exchange rates, and simplifies international financial reporting.
What’s the role of AI in financial forecasting?
AI analyzes historical financial data, market trends, and economic indicators to generate accurate financial forecasts. This helps your business plan budgets, predict cash flow, and make informed decisions about resource allocation based on data-driven insights.
How secure is AI accounting software?
Most AI accounting systems include strong security measures like encryption, multi-factor authentication, and compliance with industry standards such as SOC 2. These safeguards help protect sensitive financial data from breaches or unauthorized access.
Can AI accounting software adapt to different industries?
Yes, AI accounting tools are highly customizable and can be tailored to meet the specific needs of various industries. Whether you’re in retail, healthcare, or manufacturing, the software can adapt workflows, reporting, and compliance tracking to match your sector.
How does AI help with audit preparation?
AI simplifies audit preparation by maintaining detailed audit trails and automating the categorization and documentation of financial transactions. This not only ensures compliance but also helps your team quickly generate accurate reports for auditors.
Other Accounting Software Options
If you still haven’t found what you’re looking for here, check out these other tools that we’ve tested and evaluated:
- Accounting Software For Midsize Businesses
- Accounting Software for PC
- Engineering Accounting Software
- Accounting Software for Teams
- Accounting Software With CRM
- Real Estate Accounting Software
- Accounting Software With Client Portals
- Multi-Company Accounting Software
- Legal Accounting Software
- Accounting Software for Startups
- Accounting Workflow Management Software
- Accounting Software With Payroll For Small Businesses
- Accounting Software For Service Companies
- Accounting Software For Rental Properties
- Accounting Software For Advertising Agencies
- Accounting Software For The Self-Employed
- Accounting Software For Large Business
- Accounting Software For Consultants
- Accounting Software for Mac
- Accounting Software For Accountants
- Cloud-Based Accounting Software
- Lease Accounting Software
- Small Business Accounting Software
- Property Management Accounting Software
- Construction Accounting Software
- Accounting Software For Nonprofits
- Online Accounting Software
- Business Accounting Software
What’s Next?
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