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Learn about Accounting AI features

by Intuit•93• Updated about an hour ago

Your Accounting AI is one of the AI agents you get with QuickBooks Online Essentials, QuickBooks Online Plus, and QuickBooks Online Advanced subscriptions. It's here to help with powerful AI suggestions and automated features.

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Your AI-powered bank transactions page

QuickBooks comes with a full set of AI-powered features to help you take care of your bank transactions efficiently. These features are available for all QuickBooks subscriptions.

Your Accounting AI

Continue reading for info on features specific to the Accounting AI that help you automate your accounting further and save even more time.

See what’s ready to post

Ready to post groups the transactions that your Accounting AI is very confident you'd be able to post with the provided AI-powered suggestions (category, customer, supplier, etc.).

You'll see a banner when you have transactions like this that are ready to post in your Needs attention widget and your Bank transactions pages. You can review and then post them all with a single click. You can also make any changes first, if needed.

For more details, see Use Ready to post in QuickBooks Online.

Request more information on transactions

Note: This feature is currently available for QuickBooks Online only.

Sometimes you need more info on what transactions were for. Now you can request details and files by sending a single link for your accountant, client, or team to reply to. Your Accounting AI helps automatically verify the right receipts are uploaded and that enough detail is provided. This helps reduce back-and-forth conversations and delays.

Learn how to request more information on a transaction.

Advanced Accounting AI features

These features are available with QuickBooks Online Plus and QuickBooks Online Advanced subscriptions.

Use AI-powered Indirect Sales Tax Recommendations

Accounting AI provides recommendations for selecting an appropriate indirect sales tax for a transaction. These recommendations help you categorize your transactions more efficiently, reducing manual effort and saving time.

Find potential accounting issues in your reports

When you view your reports, QuickBooks gives you insights on new or unusual trends it sees. Your Accounting AI can review and analyze the trends for potential accounting issues on your Balance Sheet or Profit and Loss reports. If it finds any issues, the agent shows you the root cause. You'll also get a detailed report to help you resolve the issue. Use this feature as a supplemental review so you can close your books with confidence.

Note: This is currently available across a majority of Balance Sheet and P&L accounts, but not all of them. Some of the top issues the AI can find are: AR/AP aging issues, duplicate transactions, miscategorizations, and income that should have been deferred.

To view your insights and review them with Accounting AI

Go to Reports and select Standard reports (Take me there).
Select either Balance Sheet or Profit and Loss report.
Select the Insights icon above the report.
Select Analyze Books with Accounting AI. The takes a few seconds to generate a root-cause analysis for anything that stands out among the displayed trends as having a root cause related to issues with accounting.
If any potential accounting issues are found, you'll see “Accounting AI reviewed” below the insight. Select it to view the root cause. Or, select the Suggested by AI icon in your report.
View the insight and root-cause summary.
Select Download detailed report to get a PDF with an expanded explanation to help you assess if any action is needed on your part to address potential accounting issues.