Acctual

About Acctual

Acctual provides a platform for businesses to send flexible B2B invoices that support diverse fiat and cryptocurrency payment methods. The service facilitates faster and cheaper cross-currency settlements for both payers and payees. It integrates automated accounting synchronization with platforms like QBO and Xero.

```xml <problem> Many businesses struggle with managing accounts payable and receivable across both traditional fiat currencies and cryptocurrencies, leading to reconciliation issues and increased administrative overhead. Existing accounting systems often lack native support for blockchain transactions, creating data silos and manual reconciliation processes. This complexity increases the risk of errors, delays, and compliance challenges. </problem> <solution> Acctual offers a unified platform for managing accounts payable (AP) and accounts receivable (AR) in both crypto and fiat, designed to automatically synchronize with existing accounting software. The platform streamlines invoice processing by importing invoices, saving vendor details, and facilitating payments without requiring vendors to adopt new workflows. Acctual enhances control and reduces risk by detecting duplicate invoices, streamlining approvals, and securely storing wallet details. By providing a single source of truth for all financial transactions, Acctual simplifies reconciliation, improves accuracy, and ensures compliance. </solution> <features> - Automated synchronization with existing accounting systems for real-time data consistency - Support for both cryptocurrency and fiat currency transactions within a single platform - Invoice importing and management capabilities, including duplicate detection and approval workflows - Secure storage of vendor details and wallet addresses to prevent payment errors - Automated matching of on-chain payments with corresponding invoices - Team collaboration features for creating and managing invoices from a centralized account - Risk mitigation through high-risk wallet address detection </features> <target_audience> Acctual is designed for businesses that transact in both fiat and cryptocurrencies and need a streamlined solution for managing their accounts payable and receivable processes. </target_audience> ```

What does Acctual do?

Acctual provides a platform for businesses to send flexible B2B invoices that support diverse fiat and cryptocurrency payment methods. The service facilitates faster and cheaper cross-currency settlements for both payers and payees. It integrates automated accounting synchronization with platforms like QBO and Xero.

Where is Acctual located?

Acctual is based in East New York, United States.

When was Acctual founded?

Acctual was founded in 2023.

How much funding has Acctual raised?

Acctual has raised $3.4M.

Who founded Acctual?

Acctual was founded by Atikh Bana and Issa Hassan.

  • Atikh Bana - Cofounder/CEO
  • Issa Hassan - Co-Founder
Location
East New York, United States
Founded
2023
Funding
$3.4M
Employees
10 employees
Investors
PharsalusPlassa
A

Acctual

Acctual provides a platform for businesses to send flexible B2B invoices that support diverse fiat and cryptocurrency payment methods. The service facilitates faster and cheaper cross-currency settlements for both payers and payees. It integrates automated accounting synchronization with platforms like QBO and Xero.

East New York, United StatesFounded 202310700+ followers10/10 TractionRelative Traction Score based on online presence metrics compared to companies in the same age group.
Updated 20 months ago

Funding

$3.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.

ICTP
Funding rounds are not available yet.

Founders

Product

Problem

Many businesses struggle with managing accounts payable and receivable across both traditional fiat currencies and cryptocurrencies, leading to reconciliation issues and increased administrative overhead. Existing accounting systems often lack native support for blockchain transactions, creating data silos and manual reconciliation processes. This complexity increases the risk of errors, delays, and compliance challenges.

Solution

Acctual offers a unified platform for managing accounts payable (AP) and accounts receivable (AR) in both crypto and fiat, designed to automatically synchronize with existing accounting software. The platform streamlines invoice processing by importing invoices, saving vendor details, and facilitating payments without requiring vendors to adopt new workflows. Acctual enhances control and reduces risk by detecting duplicate invoices, streamlining approvals, and securely storing wallet details. By providing a single source of truth for all financial transactions, Acctual simplifies reconciliation, improves accuracy, and ensures compliance.

Target Audience

Acctual is designed for businesses that transact in both fiat and cryptocurrencies and need a streamlined solution for managing their accounts payable and receivable processes.

Features

  • Automated synchronization with existing accounting systems for real-time data consistency
  • Support for both cryptocurrency and fiat currency transactions within a single platform
  • Invoice importing and management capabilities, including duplicate detection and approval workflows
  • Secure storage of vendor details and wallet addresses to prevent payment errors
  • Automated matching of on-chain payments with corresponding invoices
  • Team collaboration features for creating and managing invoices from a centralized account
  • Risk mitigation through high-risk wallet address detection
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