Prosaic App
Expensify
Dext
Kirmada
Xero
FreshBooks
QuickBooks Online
QuickBooks
Sage Intacct
Zoho Books
Oracle NetSuite
FreeAgent
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.
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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.
Prosaic App's answer
because it is intuitive, user friendly, and solves a common problem in a novel way
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
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
Prosaic App's answer
AWS, Open Banking, OpenAI
Prosaic App's answer
We're early stage, but already winning some medium sized accounting firms in New Zealand
Based on our record, Xero seems to be more popular. It has been mentiond 1 time since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.
Thanks, will you be able to sign me up on South African packages as well? The naming scheme and pricing is different for xero.com/us and xero.com/za. Source: over 2 years ago
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.
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QuickBooks - Business runs better with QuickBooks, the #1 accounting solution for small business.