14 Best AI Tools for Accounting Professionals

Accounting is getting more complex every day. Manually reconciling hundreds of invoices, tracking expenses across multiple clients, and preparing accurate tax filings on tight deadlines can be exhausting. Small mistakes can trigger compliance issues, delays, or unhappy clients.   

According to Thomson Reuters, only 8% of tax and accounting firms are currently using GenAI technology, while 13% plan to adopt it soon. 

AI tools can automate bookkeeping, flag errors before filing, assist in tax research, and even help draft client communications, freeing professionals to focus on strategy rather than repetitive tasks. For accounting teams, adopting AI isn’t optional anymore; it’s essential to stay efficient and competitive. 

Here’s a list of the top AI tools that can make your accounting and tax work faster and more accurate. 

What Are The Best AI Software for Accounting Professionals?

These are the top AI software that CPAs and accounting professionals are using in 2024:

1. Vic.ai

Vic.ai is an AI-powered automation tool for invoice processing and bill payments. With the help of machine learning, it categorizes invoices, detects anomalies, and provides real-time decision-making insights.

It is designed to work with your ERP and integrates with all leading solutions like QuickBooks Enterprise, Sage Intacct, Bill.com, Xero, Oracle and others to deliver compatible AI-first capabilities. With open API, it is flexible and scalable enough to handle any environment or use case.

Vic.ai is best for mid to large-sized businesses where invoice management can become overwhelming. Its ability to offer predictive insights also helps companies optimize financial operations.

Key Features:

• Automates invoice data entry and approval workflows using AI.
• Eliminates manual tasks by autonomously categorizing and processing financial transactions.
• Provides up-to-the-minute financial analytics for smarter decision-making.
• Streamlines approval processes, reducing time and human intervention.
• Automatically tracks and categorizes expenses for accurate reporting.

Pros: Automated invoice recording, better control of cash, and support for high invoice volumes.

Cons: Issues with data accuracy, invoicing, and limited reporting features.

Rating: 4.7 out of 5 (G2) 

Pricing: Vic.ai does not list public pricing. Visit their website and complete the form to receive a customized quote specifically tailored to your business. 

2. Zeni

Zeni is an AI-based bookkeeping and financial platform that delivers financial management services to startups and small businesses. From bookkeeping and accounting to financial reporting and forecasting, Zeni automates routine accounting tasks. Its AI engine categorizes transactions, reconciles accounts, and provides real-time financial insights.

Zeni’s AI capabilities can also offer strategic advice on cash flow management, budgeting, and financial planning for businesses that need full-service financial management.

Key Features:

• It helps with the fastest way to pay your vendors at zero cost.
• It easily saves credit card information, gives proper spend and expense analysis.
• It offers unified platforms to keep all your financial data in a single place.
• It offers personalized consultation with certified experts with advanced AI to generate 100% accurate reports.
• Reimbursing employees with AI-powered expense processing is made easy with no additional cost.

Pros: Personalized budgeting advice, quarterly and yearly reports to track progress, and easy tax filing.

Cons: More expensive compared to similar platforms and limited interaction from account managers.

Rating: 4.7 out of 5 (G2) 

Pricing: Flexible plans—Basic, Pro, and Enterprise. The Basic plan starts at €269/month. For detailed Zen.ai pricing, visit their website. 

3. ChatGPT

ChatGPT is a versatile tool for accountants. It helps generate reports, automate customer service queries, and draft financial documentation.

By integrating ChatGPT with accounting platforms, accountants can automate routine communication tasks, receive help with complex queries, or even gain insights from unstructured financial data.

Recommended Reading: 50 ChatGPT Prompts for CPAs and Accountants

Additionally, its language processing capabilities allow it to summarize lengthy documents and assist in client communication; you only need the prompt to develop perfect output.

Key Features:

• ChatGPT can analyze previous messages to provide more accurate and relevant responses.
• It tailors responses based on the user’s preferences and past interactions for improved personalization.
• ChatGPT supports multiple languages, enabling communication across language barriers.
• ChatGPT offers voice interaction and custom GPT apps, allowing users to converse via voice and create tailored applications.

Pros: Helps with training and learning, improves client experience, and reduces manual tasks like data arrangement and determining market trends.

Cons: Requires specific prompts to generate answers, may lack familiarity with some accounting terminology, and poses security and privacy risks.

Rating: 4.7 out of 5 (G2)

Pricing: ChatGPT offers a free version, a Plus version at $20/month, and a Pro version at $225/month. 

4. Docyt

Docyt AI is a real-time bookkeeping service that assists accountants in financial forecasting and planning to see expenses and profitability. It uses Machine Learning to analyze historical financial data, predicting future revenues, costs, and profits.

Docyt supports integration with hosted QuickBooks to help users with automated invoice sync, continuous reconciliation, secure bill payments, and real-time insights.

Key Features:

• A customizable dashboard for your clients to see detailed income reports and balance sheets.
• All data and documents are automatically encrypted and saved in the secure data vault.
• There is no revenue leakage from your client’s revenue reports against the merchant credit card and cash deposits.
• Automatically categorizes and codes transactions based on historical transactions and patterns before acceptance into the General Ledger.
• Docyt AI adapts and grows with your business, enabling you to easily track industry-specific KPIs and metrics that matter most to your business.

Pros: Docyt AI automatically pulls data from banks, POS systems, and accounting software, removing the need for manual entry, offers an easy-to-use mobile app with secure financial tools for on-the-go use, and integrates with major POS and PMS systems for industry-specific reporting.

Cons: It still requires manual data entry in certain cases, has a steep learning curve, and offers limited functionality in some areas.

Rating: 4.7 out of 5 (G2) 

Pricing: Flexible plans—Advanced, Advanced Plus, and Enterprise. The Advanced plan starts at $499/month. For detailed Docyt pricing, visit their website.

5. Botkeeper

An AI-powered bookkeeping solution designed for accountants and accounting firms, Botkeeper automates routine bookkeeping tasks such as transaction categorization, account reconciliation, and financial reporting.

Botkeeper is a one-stop solution for handling tedious tasks, freeing up more time for higher-value services such as advising clients on tax strategies and financial planning.

Key Features:

• A centralized space for seamless communication between firms and clients, ensuring aligned priorities in one accessible location.
• Secure document management with unlimited storage, easy searchability, and customizable folder structures.
• AI-driven categorization of transactions, flagging exceptions for review to ensure accuracy.
• Automates tedious journal entries like loan and payroll categories in real-time, syncing with the general ledger.
• Securely stores all passwords, eliminating the need for spreadsheets or post-its.

Pros: Botkeeper enhances automation and accuracy by minimizing human errors, offers a user-friendly platform, and provides responsive customer support.

Cons: It has a complex initial setup, cost concerns, and users have reported occasional technical issues.

Rating: 4.4 out of 5 (G2)

Pricing: Starting at $69 per license. 

6. 1040SCAN 

Thomson Reuters 1040SCAN is an advanced AI-powered document scanning solution built to streamline tax preparation. It reads letters, numbers, and symbols from client documents, then converts them into structured data that can be exported directly into your tax software. The platform recognizes 4–7 times more tax documents than competing tools, dramatically cutting manual entry and improving accuracy. 

With patented text-layer matching and AI verification, 1040SCAN eliminates the need to recheck OCR data for about 65% of standard documents, saving hours during the busy season. Its scan-and-organize technology, including seamless TaxCaddy integration, automatically sorts and indexes non-standard paperwork into a clean binder. Teams can review, reorganize, and approve files from anywhere, making it ideal for remote, hybrid, or multi-office workflows while boosting overall productivity. 

Rating: Not Available  

Pricing: Exact pricing is not listed on the website. Contact their support team for detailed pricing.  

7. Dext

Dext is a leading AI-powered tool for automating receipt and invoice management, designed to eliminate manual data entry and speed up bookkeeping. Simply snap a photo of a receipt or invoice with the mobile app, and Dext’s advanced OCR and AI technology captures every key detail, including document type, due date, supplier, and PO number, with over 99% accuracy. 

Its smart automation can auto-fill categories, suppliers, and payment methods for recurring invoices and seamlessly sync data to platforms like Xero, QuickBooks, and Sage. By streamlining collection, scanning, and processing in just a few clicks, Dext helps accountants and businesses stay organized and paper-free while saving hours each month. 

Rating: 4.5 out of 5 (G2) 

Pricing: Pricing starts at $31.50/month for 250 documents and 5 users, or $25.21/month billed annually ($302.50/year) for the same limits. Visit their website for detailed pricing.

8. Indy

Indy is an AI-based tool designed specifically for freelancers, independent contractors, and small businesses that manage workflows efficiently. It streamlines the administrative side of freelancing by automating tasks like contract management, invoicing, task tracking, and time management. 

You can unify your work by integrating with Zapier and Google Calendar (paid plan), setting up recurring invoices, offering multiple payment options, and applying tax rates to maintain full tax compliance. Indy ensures you stay organized while saving time on repetitive routine tasks. 

Rating: 4.7 out of 5 (Capterra) 

Pricing: Indy offers a free plan with basic features, while its advanced plan starts at $18.75 per month when billed annually. 

9. Blue dot

Blue dot is a centralized, standardized & digitalized AI-based platform for tax & compliance; it automatically tracks, reports, and calculates taxable employee benefits hidden in expense reports for compliance measures, ensuring tax compliance and reducing tax vulnerabilities for consumer-style spending across the enterprise. 

Blue Dot improves compliance with global tax regulations and maximizes VAT recovery by calculating and identifying eligible VAT spend. Its AI- and ML-powered platform ensures adherence to country-specific tax rules and company policies, enabling compliant domestic VAT postings and accurate foreign VAT refunds. 

Rating: 4.7 out of 5 (G2) 

Pricing: Pricing is not disclosed. Connect with the Blue dot team. 

10. Truewind 

Truewind is an AI-powered platform for accounting firms that delivers automated bookkeeping and accurate financial models with minimal errors. It speeds up month-end closing, reduces administrative workload, and boosts profitability. Truewind auto-categorizes bank and credit card transactions, detects anomalies, highlights key insights, and provides interactive financial updates for smarter, data-driven decisions. 

Its generative AI provides CFO-level insights for forecasting and strategic planning, while built-in tax filing and R&D credit services give businesses complete financial oversight with dedicated expert support. 

Rating: 4.3 out of 5 (Tenereteam) 

Pricing: A free demo is available. Pricing information is not disclosed. Visit their website and fill in the form to opt for a demo.

11. BILL 

BILL is a cloud-based AI tool that automates AR/AP processes. It’s designed for accounting firms that want to streamline the billing and invoicing process. BILL is a diverse tool that can be used by various industries, from construction to healthcare and non-profit organizations. 

With AI-driven features, this AI tool can automatically extract data from invoices, categorize expenses, and schedule payments based on terms, saving accountants’ valuable time. It usually integrates with major accounting software like QuickBooks, Sage, and Xero, ensuring seamless financial management. BILL AI categorizes expenses based on transaction details and past selections, saving time in reconciliation and improving accuracy. 

Rating: 4.4 out of 5 (G2) 

Pricing: Basic plan starts at $49 per user/month. Visit the website for detailed pricing plans.  

12. Nanonets 

Nanonets AI simplifies reconciliation by automating data extraction, matching, and validation, helping teams achieve faster and more accurate financial closes. Its LLM-powered AI understands context and semantics, allowing it to handle bank statements, intercompany accounts, and subledger reconciliations with ease. 

The platform lets you customize workflows for data formatting, validations, and approvals, ensuring AI works the way your team needs. From preparation to review and approval, Nanonets provides a centralized dashboard to monitor progress, track discrepancies, and gain real-time insights into reconciliation status, timeliness, and accuracy.  

Rating: 4.8 out of 5 (G2) 

Pricing: Start their free trial or talk to their support team for detailed pricing.  

13. Otter 

Otter is an AI-powered transcription and meeting assistant that helps accountants save time on note-taking and documentation. By connecting with Google or Microsoft calendars, Otter can auto-join virtual meetings on Zoom, Teams, or Google Meet, recording audio and generating real-time transcripts. 

It highlights key takeaways, captures meeting slides, and creates automated summaries with action items, making it easy to track tasks and client discussions. Your teams can collaborate by asking questions and generating follow-up emails, project updates, or reports, allowing accountants to focus on analysis and client work instead of manual meeting documentation. 

Rating: 4.4 out of 5 (G2) 

Pricing: The basic plan starts at $30 per user/month. 

14. Silverfin

Silverfin Assistant is an AI-powered accounting tool that continuously analyzes client files to detect unusual balances, missing transactions, and outliers. It provides suggested resolutions for anomalies, helping accountants reduce manual checking, improve accuracy, and uncover advisory opportunities. 

Trusted by hundreds of firms, Silverfin Assistant automates hundreds of checks, flags errors in real time, and supports junior staff training. It works seamlessly alongside existing software, creating additional capacity through automation and allowing accountants to focus on higher-value tasks while ensuring data integrity. 

Rating: Not Available 

Pricing: €100 per file/year for up to 125 client files, and €60 per file/year for 2,000 client files. 

Which AI Tool Are You Using? 

Before choosing an AI tool for accounting, consider which tasks you want to automate to save time, your budget, ease of use for your team, and how well the tool integrates with your existing software. Ensure your data is secure, the tool can scale with your business, and the learning curve is manageable for staff. 

AI doesn’t just speed up reporting; it provides actionable insights while handling repetitive tasks, letting you focus on growth and strategic decisions. Which AI tool are you using in your practice? Share your thoughts in the comments.