Balances is a cloud‑based accounting platform that automatically imports bank and credit‑card transactions and lets users manage bookkeeping through plain‑English commands. Its AI assistant handles transaction matching, bulk categorization, invoicing, and real‑time financial reporting, supporting multi‑currency accounts and team collaboration.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses and individuals still rely on manual, menu‑driven accounting tools that require repetitive data entry, separate bank imports, and extensive setup, leading to time‑consuming bookkeeping and delayed financial insight.
Solution
Balances offers a cloud‑based accounting platform that automates bank and credit‑card transaction imports and lets users issue plain‑English commands to create invoices, categorize expenses, and generate reports. An AI assistant handles transaction matching, bulk categorization, and invoice‑payment reconciliation, keeping books up to date with minimal user effort. The system supports multi‑currency banking and provides ready‑to‑export financial statements, enabling users to focus on decision‑making rather than data entry.
Target Audience
Primary users include individuals managing personal finances, small‑business owners, and accounting professionals who need fast, accurate bookkeeping across multiple clients.
Features
- Direct bank and credit‑card linking via Plaid or CSV for automatic transaction flow
- AI‑driven chat assistant that executes accounting tasks from natural‑language commands
- Automatic transaction matching and bulk AI categorization with a review queue for approval
- Integrated invoicing with payment links, recurring billing, and email delivery
- Real‑time financial reports (P&L, balance sheet, cash flow) available in PDF and Excel formats
- Multi‑currency support including foreign‑currency accounts, live exchange rates, and FX gain/loss tracking
- Team collaboration with unlimited user access and role‑based permissions