Counto provides AI-powered accounting and compliance services for small businesses, automating tasks such as tax preparation and bookkeeping to enhance efficiency and reduce operational costs. By integrating proprietary AI technology, Counto streamlines financial management processes, enabling businesses to focus on growth while ensuring compliance with regulatory requirements.
Funding
Funding not disclosed
Founders
Product
Problem
Small businesses often struggle with the complexities of accounting and compliance, requiring them to juggle multiple platforms and service providers. This can lead to inefficiencies, increased costs, and a greater risk of errors in financial reporting and tax filings.
Solution
Counto offers an AI-powered accounting and compliance platform designed to streamline financial management for small businesses. By integrating bookkeeping, tax preparation, payroll, and corporate secretarial services into a single platform, Counto eliminates the need for multiple vendors and manual data entry. The platform leverages AI to automate tasks such as transaction categorization and reconciliation, reducing errors and freeing up business owners to focus on growth. Counto's services include monthly and annual reporting options, as well as virtual CFO services for businesses with more complex needs.
Target Audience
Counto primarily targets small businesses, startups, and SMEs in Singapore seeking to streamline their accounting and compliance processes and gain better insights into their financial performance.
Features
- AI-powered automation of bookkeeping tasks, including invoice processing and transaction validation
- Integrated platform for accounting, tax filing, payroll, and corporate secretarial services
- Real-time financial reporting with AI-driven insights
- Automated bill payment and claims reimbursement through Counto BillPay
- Secure vault for storing financial data and contracts
- Dedicated support team including a Customer Success Manager, Chartered Accountant, bookkeeper, and tax specialist
- Integration with Xero and QuickBooks for data synchronization
- Annual and quarterly tax filing, including GST and ECI submissions
- Corporate secretarial services, including annual AGM and Annual Return filings