With our AI Finance & Accounting Automation, AI agents eliminate the bookkeeper and staff accountant, so the CFO runs the entire accounting/finance function while focusing on higher value strategic activities.
Included in our Fractional CFO and Turnaround & Restructuring engagements. Not offered separately.
The Accounting Overlay
Our agentic AI capability, currently running on QuickBooks Online. Similar Xero AI capability planned.
In place of bookkeeper, agents
Collect every document from one inbox: bills, receipts, statements, contracts
Read, classify and extract each one; check the vendor, duplicates, totals and period
Post bills and expenses, with the source document attached
Clear the bank and card feeds and reconcile every account
Issue recurring customer invoices; track W-9s and 1099 vendors
In place of staff accountants, agents
Run the monthly close with quality checks
Explain every account that moved more than set thresholds
Post accruals, depreciation, prepaid and interest entries
Tie every balance-sheet account to a supporting schedule
Tie sales-tax and payroll liabilities to the returns
Prepare the year-end package for the outside CPA
Research and document the accounting treatment of complex transactions, with sources
CFO approves and focuses on optimizing business and strategy development
Approves anything outside approved rules: new vendors, new accounts, exceptions, the close
Reviews the reports and presents them to senior management, the board and lenders
Focuses on higher-value strategic activities top accelerate growth and profitability
Senior Management Decision Making supported by up to date financials and visuals they specify
Dashboards to facilitate senior management decision making: revenue, operating income, cash, receivables and payables against the prior period
Books current every week and closed every month
A monthly pack: P&L by class, debt schedule, budget vs. actual
The weekly cash position
Reports on request for impactful financial information visualization
In Chapter 11
Books split at the petition date: pre- and post-petition liabilities shown separately every month
Pre-petition period locked; post-petition rules applied to every entry
Inputs for the Monthly Operating Report readily available
13-week cash flow forecast, updated weekly
Numbers counsel and the court can rely on, even if the company's books were not reliable
Controls
Never moves money; never signs
Every entry linked to its source document: a complete audit trail
Nothing outside approved rules posts without the CFO's approval
We extend the agents' capabilities continuously.
Questions companies ask
Does it replace our bookkeeper and staff accountant?
Yes. In small and mid-size companies the agents do their work end to end; the CFO approves what agents prepare. Fewer accounting errors, elimination of unreliable books.
Does it replace the CFO?
No. It makes CFO more effective at running the entire finance function: the CFO directs the agents, approves their work and makes the decisions.
Can the AI move money or sign anything?
No. Payments, transfers and signatures stay with the company and the CFO.
Our books are a mess. Can it still work?
Yes. The agents first clean up the existing Accounting system, then keep it current.
Which accounting systems does it work with?
At present, QuickBooks Online. A similar Xero capability to be developed.
Is it sold separately?
No. It is part of the firm’s Fractional CFO and Turnaround & Restructuring engagements.
How does it help in Chapter 11?
It splits the books at the petition date, keeps pre- and post-petition liabilities apart every month, and produces the inputs for the Monthly Operating Report and the weekly 13-week cash flow: the numbers counsel and the court rely on.
Related: Fractional CFO · Turnaround & Restructuring · For Restructuring Counsel · Contact us