AI accountant for small business

What does an AI accountant actually do?

It reads a bank statement (PDF or Excel), classifies each line as sales, purchase, expense, owner money or tax, and builds your ledger, profit and loss, and balance sheet. It then checks for problems such as bills without a GST number or duplicate entries, and drafts your tax return figures.

A person still decides. You review the draft and approve it; nothing is filed without you.

What can FINOVAQ do that a spreadsheet cannot?

• Turn a bank statement into books in about 60 seconds
• Draft GSTR-1, GSTR-3B, ITR and VAT figures from your own data
• Run audit and forensic checks and give a score out of 100
• Suggest legal tax-saving plays with your own numbers (old vs new regime, presumptive taxation, HUF and more)
• Answer questions in plain language through three AI experts: Vaultly, CostPilot and Capitalo
• Export to PDF, Excel and Tally

Who are the three AI experts?

• Vaultly: books, GST/VAT, income tax, TDS, audit and tax saving
• CostPilot: costing, pricing, break-even, budgets, stock levels and bank CMA data
• Capitalo: valuation, loans vs equity, cash runway, investments and scenarios

Is my financial data safe?

Your books are stored on your own device, encrypted with AES-256. Login is by one-time code on email, so there is no password to leak. The portal autofill extension never sees your portal password or OTP.