Bips provides a simple, automated expense tracking tool for self‑employed sales reps and solopreneurs, connecting to users' bank accounts in about a minute to capture deductible expenses throughout the year. By continuously monitoring transactions, it helps users identify and claim thousands of dollars in missed tax deductions, streamlining tax preparation and reducing the risk of leaving money on the table.
Funding
Funding not disclosed
Founders
Product
Problem
Sales representatives and solopreneurs often miss significant tax deductions because they lack a simple way to track expenses and mileage throughout the year, leading to thousands of dollars of unrecovered savings.
Solution
Bips offers a cloud‑based financial command center that connects to users’ bank accounts in about a minute and continuously monitors transactions for deductible expenses. The platform automatically captures mileage data and calculates the corresponding deduction in real time. An AI assistant answers deduction eligibility questions instantly, reducing guesswork at tax time. All data is stored with bank‑level security and can be exported for CPA review, enabling users to stay organized year‑round and simplify tax filing.
Target Audience
Primary customers are sales representatives, independent contractors, and solo business owners who manage their own finances and seek to maximize tax deductions.
Features
- One‑click bank account integration with unlimited connections
- Automatic expense categorization and real‑time deduction identification
- Mileage tracking that logs trips and computes deductible amounts on the fly
- Built‑in AI chat for instant answers on deduction eligibility
- CPA‑ready export reports for easy handoff to accountants
- Web and mobile access for on‑the‑go expense management
- Bank‑level security and encryption for all financial data