What is Prosaic?
Prosaic is an AI accounting software specifically designed for accountants and bookkeepers who provide full-service accounting at GST and year-end. This cash-based general ledger leverages artificial intelligence to automate and accelerate financial processes, enabling professionals to deliver efficient and accurate services to their clients.
The platform offers instant client onboarding with seamless bank feed connections from any business or personal bank, card, or loan account, fetching up to four years of transaction history. AI-powered bulk cash coding allows for rapid processing of transactions with pre-coding to known merchants and intelligent bulk actions. Users can create and share live GST or P&L reports with clients for real-time review and approval, with export capabilities to workpapers and tax systems. Prosaic is optimized for high-volume work on large screens, providing a spreadsheet-like workspace enhanced with automation features.
Features
- AI-Powered Bulk Cash Coding: Automates transaction coding with pre-coded merchants and bulk actions for fast processing
- Instant Client Onboarding & Bank Feeds: Connects to any bank, card, or loan account to fetch up to four years of transaction history
- Live GST & P&L Reports: Enables real-time sharing, review, and approval of financial reports with clients
- Chart of Accounts Templates: Allows building from system library or importing and mapping from other ledgers
- Memory & Rules Automation: Automates transaction coding with entity, practice, and system-level memory
Use Cases
- Streamlining GST reporting and filing for accountants
- Automating year-end financial preparation for bookkeepers
- Managing cash-based general ledger for small businesses
- Providing real-time financial reporting to clients
- Automating transaction coding and reconciliation
FAQs
-
What types of bank accounts can Prosaic connect to?
Prosaic can connect to any business or personal bank, card, or loan account to fetch transaction history. -
How does the AI-powered bulk cash coding work?
The AI automates transaction coding with pre-coded merchants and enables bulk actions for fast processing of GST or year-end tasks. -
Can clients review reports without learning the software?
Yes, clients can review and approve GST or P&L reports in real-time via email without needing to learn the tool. -
What is included in the Growth pricing plan?
The Growth plan includes up to 10 client entities, unlimited bank feeds and history, with additional entities at $10/month per entity in tiers.
