Software Alternatives, Accelerators & Startups

Abacus VS Prosaic App

Compare Abacus VS Prosaic App and see what are their differences

Abacus logo Abacus

Expenses without the 'expense report'

Prosaic App logo Prosaic App

Prosaic for sole traders and SMBs securely connects to personal bank, card & mortgage accounts, using OpenAI GPT to find GST and income tax deductions.
  • Abacus Landing page
    Landing page //
    2023-10-19
  • Prosaic App Landing page
    Landing page //
    2023-07-17

Prosaic is a revolutionary tool designed to streamline and optimize the accounting process for business owners. It addresses the problem of tracking and claiming tax deductions for transactions that are not typically captured in business accounts, such as home office expenses, travel costs, software purchases, and industry-specific expenses. These often overlooked transactions can add up to significant tax deductions. Prosaic automates the process of identifying, tracking, and claiming these expenses, by automatically finding them from their personal bank, credit card and mortgage accounts, then using GPT to identify and calculate comon deductions, reducing the burden on business owners and ensuring they take full advantage of potential tax savings. It integrates seamlessly with existing accounting software and uses artificial intelligence to navigate the complex world of tax deductions. Prosaic simplifies accounting, ensuring no deduction opportunity goes unnoticed.

Prosaic App

Pricing URL
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$ Details
paid Free Trial NZ$100.0 / Monthly (Accounting Edition, 20 users incl (+$5/m/user))

Abacus videos

Abacus - Review by efood

More videos:

  • Review - Abacus review
  • Review - 3 YEAR OLD WITH EXCEPTIONAL ABACUS SKILLS ABACUS TOY REVIEW TOY TIME WITH LITTLE KID

Prosaic App videos

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Category Popularity

0-100% (relative to Abacus and Prosaic App)
Expense Tracking
98 98%
2% 2
Accounting & Finance
0 0%
100% 100
Expense Management And Reporting
Tax And Compliance Software

Questions and Answers

As answered by people managing Abacus and Prosaic App.

What makes your product unique?

Prosaic App's answer:

We leverage open banking technology and generative LLMs to help users discover and classify tax deductible expenses from personal banking data.

Why should a person choose your product over its competitors?

Prosaic App's answer:

because it is intuitive, user friendly, and solves a common problem in a novel way

How would you describe your primary audience?

Prosaic App's answer:

accountants and book keepers who work with large numbers of clients, and don't like to spend time chasing them for random tax deductions

What's the story behind your product?

Prosaic App's answer:

The founders were early employees at a successful startup Vend, and later worked at Xero and Vend. They have been using accounting software for over a decade but this was one of the last manual processes in an otherwise automated workflow. So they designed the product to solve their own needs, then recognised an opportunity to solve it for others too

Which are the primary technologies used for building your product?

Prosaic App's answer:

AWS, Open Banking, OpenAI

Who are some of the biggest customers of your product?

Prosaic App's answer:

We're early stage, but already winning some medium sized accounting firms in New Zealand

User comments

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What are some alternatives?

When comparing Abacus and Prosaic App, you can also consider the following products

Expensify - Import expenses directly from a credit card to create free expense reports quickly. Approve reports online and reimburse directly to a checking account with one click.

Zoho Expense - Automate your expense reporting process and streamline the approval flow.

Dext - Receipt Bank converts key information from your bills, receipts and invoices into data you and your company can use! No obligation Free Trial available.

Spendesk - Smart spending solution for agile teams

Kirmada - Work easier and boost your revenue and profits with Kirmada. This is how Workspaces are *meant* to be! Efficient, time-tracked, socially integrated and shareable. All with no learning curve.

Fyle - Track expenses across devices on-the-go and maintain a central repository. With custom approval flows, automatic policy violation detection and an automated audit trail, be audit-ready at all times!