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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.

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.

(0 reviews)
Pricing:
  • Paid
  • Free Trial
  • NZ$100.0 / Monthly (Accounting Edition, 20 users incl (+$5/m/user))
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#Accounting & Finance #Tax And Compliance Software #Expense Tracking #GST #AI

Prosaic App Reviews and details

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  • Prosaic App Landing page
    Landing page //
    2023-07-17

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Questions & Answers

As answered by people managing Prosaic App.

  1. What makes Prosaic App unique?

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

  2. Why should a person choose Prosaic App over its competitors?

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

  3. How would you describe your primary audience?

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

  4. What's the story behind Prosaic App?

    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

  5. Which are the primary technologies used for building your product?

    AWS, Open Banking, OpenAI

  6. Who are some of the biggest customers of Prosaic App?

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

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This is an informative page about Prosaic App. You can review and discuss the product here. The primary details have not been verified within the last quarter, and they might be outdated. If you think we are missing something, please use the means on this page to comment or suggest changes. All reviews and comments are highly encouranged and appreciated as they help everyone in the community to make an informed choice. Please always be kind and objective when evaluating a product and sharing your opinion.

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