What are some AI tools used in accounting with quickbooks online

Jul 4, 2024

3 min read

AI tools integrated with QuickBooks Online can enhance various aspects of accounting, from automation to analytics. Here are some popular AI tools used in accounting with QuickBooks Online:

1. Hubdoc

Features: Automatically fetches and stores financial documents, extracts key data, and syncs with QuickBooks Online.
Benefits: Reduces manual data entry, simplifies document management, and ensures accurate record-keeping.

2. Receipt Bank (now Dext)

Features: Automates the extraction of data from receipts, invoices, and bills, and integrates directly with QuickBooks Online.
Benefits: Streamlines expense management, improves accuracy, and saves time on manual data entry.

3. AutoEntry

Features: Captures and categorizes data from receipts, invoices, and bank statements, and integrates with QuickBooks Online.
Benefits: Automates data entry, reduces errors, and enhances efficiency in processing financial documents.

4. Expensify

Features: Automates expense report creation and approval workflows, integrates with QuickBooks Online for seamless expense management.
Benefits: Simplifies expense tracking, improves compliance, and reduces administrative workload.

5. Bill.com

Features: Automates accounts payable and receivable processes, syncs with QuickBooks Online for real-time updates.
Benefits: Streamlines bill payments and invoicing, improves cash flow management, and reduces manual processing.

6. Gusto

Features: Provides payroll and HR services with AI-driven automation, integrates with QuickBooks Online for financial synchronization.
Benefits: Automates payroll processing, ensures compliance with tax regulations, and simplifies employee benefits management.

7. Chata.ai

Features: AI-powered chatbot that allows users to query their QuickBooks Online data using natural language.
Benefits: Provides quick and easy access to financial data, enhances decision-making with real-time insights, and reduces the need for complex report generation.

8. Plooto

Features: Automates payment approvals and processes, integrates with QuickBooks Online for streamlined accounts payable and receivable.
Benefits: Enhances payment security, reduces manual intervention, and improves cash flow visibility.

9. Fathom

Features: Advanced reporting and financial analysis tool that integrates with QuickBooks Online to provide in-depth insights.
Benefits: Offers customizable reports, KPI tracking, and visual analytics, aiding in strategic financial planning and decision-making.

10. Syft Analytics

Features: Provides advanced financial analytics and reporting, integrates with QuickBooks Online for real-time data synchronization.
Benefits: Enhances financial reporting capabilities, offers predictive analytics, and supports better business intelligence.

11. Xero (Integration)

Features: While primarily a standalone accounting software, Xero offers integration capabilities that can complement QuickBooks Online for businesses using multiple platforms.
Benefits: Enhances data synchronization and reporting across different accounting systems.

12. A2X

Features: Specializes in eCommerce accounting, automatically importing and categorizing sales data from platforms like Amazon and Shopify into QuickBooks Online.
Benefits: Simplifies eCommerce accounting, ensures accurate revenue recognition, and integrates seamlessly with QuickBooks Online.

13. Spotlight Reporting

Features: Advanced reporting tool that integrates with QuickBooks Online to provide detailed financial and non-financial performance insights.
Benefits: Offers comprehensive business intelligence, customizable reports, and supports strategic planning.

Conclusion

These AI tools, when integrated with QuickBooks Online, significantly enhance the capabilities of accounting professionals by automating routine tasks, improving accuracy, and providing deeper insights into financial data. This leads to more efficient workflows, better decision-making, and ultimately, a more strategic approach to financial management.

What is Accountingthathelps (ATH)

Accountingthathelps ( also known as ATH) is an AI-driven Quickbooks online monthly bookkeeping service with a lot of industry experience in construction, manufacturing, NGOs.

We take monthly bookkeeping off your plate powered by the latest in AI and technology to drive efficiency and effectiveness in finance and reporting that we promise will double profits in 1 year.

You’ll have your Profit and Loss Statement, Balance Sheet, and Cash Flow Statement ready for analysis each month so you and your business partners can make better business decisions.