Top 10: Accounting automation software

Updated: July 31, 2023

Accounting automation is the process of using technology and software to streamline and simplify various accounting tasks and processes. This automation can include automating data entry, invoicing, expense tracking, financial reporting, and other repetitive accounting tasks. By implementing accounting automation, businesses can reduce the manual effort required in financial processes, minimize errors, and improve accuracy and efficiency. Automation also allows for real-time data updates, enabling better financial visibility and decision-making. Additionally, accounting automation can enhance compliance by ensuring that financial records are consistently and accurately maintained. Overall, accounting automation empowers businesses to optimize their financial management, save time and resources, and focus on strategic financial planning and analysis. Some of the most popular accounting automation options are listed below.

See also: Top 10 Online Accounting software

2019. Georges raises $11.2 million for its accounting automation tool



Georges, a French startup, aims to assist freelancers, doctors, and lawyers with their accounting needs. With Georges, you have the option to eliminate the need for an accountant and transition to a software-as-a-service solution. The product is incredibly user-friendly. To begin, you establish a connection between Georges and your professional bank account. The company utilizes Bankin' to establish connections with the majority of French banks. Subsequently, Georges automatically assigns tags to your income and expenses, enabling the calculation of your annual revenue, VAT, and other relevant factors. While some transactions may still require manual categorization, this process is significantly faster than individually entering each transaction into an accounting application. Once all items are accurately tagged, Georges generates the necessary paperwork and submits it to the tax authorities. Georges competes with more traditional software solutions like BNC Express. By incorporating machine learning, Georges has the potential to surpass these legacy tools in terms of efficiency.