Acctual
About Acctual
Acctual provides a platform for managing accounts payable and receivable in both crypto and fiat currencies, automatically syncing with existing accounting systems to ensure accurate record-keeping. The solution enables businesses to streamline invoice processing, reduce payment errors, and maintain compliance without requiring vendors to change their existing workflows.
```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 managing accounts payable and receivable in both crypto and fiat currencies, automatically syncing with existing accounting systems to ensure accurate record-keeping. The solution enables businesses to streamline invoice processing, reduce payment errors, and maintain compliance without requiring vendors to change their existing workflows.
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 3350000.
- Location
- East New York, United States
- Founded
- 2023
- Funding
- 3350000
- Employees
- 10 employees
- Major Investors
- Third Prime, IDEO CoLab Ventures