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What is myBooksAI?

myBooksAI is an AI-powered accounting and financial management platform developed by Zetran for small businesses, entrepreneurs, and accounting professionals. The software provides a cloud-based workspace for managing sales transactions, business expenses, banking activities, inventory, and financial records. Its invoicing capabilities support customizable invoices, estimates, quotations, proforma invoices, payment receipts, and recurring billing arrangements. Accounts receivable and payable tools help users monitor customer balances, manage vendor bills, track payment activity, and send overdue payment reminders. Banking features include bank account synchronization, transaction imports, reconciliation workflows, configurable categorization rules, and matching payments to outstanding invoices or bills. AI-assisted functionality provides suggestions for categorizing bank transactions and generates business summaries highlighting financial performance and activities requiring attention. Inventory management tools track product quantities, stock values, purchasing activity, and low-stock conditions to help businesses manage available inventory. The platform supports double-entry bookkeeping, journal entries, chart of accounts management, opening balances, and financial adjustments. Reporting capabilities include profit and loss statements, balance sheets, cash flow statements, account transaction reports, customer aging reports, and inventory summaries. For businesses operating in India, myBooksAI provides GST invoicing and reporting tools covering GSTR-1, GSTR-2, and GSTR-3B, along with additional tax-related accounting features. The software also offers budgeting, multi-user permissions, audit logs, web and mobile access, and multi-client practice management functionality for accounting firms.

What is Mercury Books?

Mercury Books presents a fully integrated double-entry accounting software through a Mercury account, which effectively combines banking and bookkeeping to maintain comprehensive, current, and accurate financial records. This software automatically monitors activities across multiple Mercury services, including banking, cards, invoicing, and bill payments, efficiently categorizing transactions and reconciling accounts in real time, eliminating the necessity for manual data handling. Users can choose between cash and accrual accounting methods, enabling them to easily create vital financial reports such as profit and loss statements, cash flow statements, and balance sheets that reflect real-time data. Moreover, businesses have the capability to connect external bank accounts, credit cards, and various platforms like Stripe, PayPal, and Gusto, providing an enriched financial overview. Powered by Command AI, Mercury Books features a smart interface that allows users to ask questions about their spending habits, trends, and general ledger codes based on their account information. In addition, it simplifies a range of accounting tasks, including the creation of journal entries, organizing the chart of accounts, and efficiently sorting transactions. This forward-thinking solution not only optimizes financial management but also equips businesses with the necessary tools to make swift, informed decisions, ultimately enhancing their overall operational efficiency.

Media

Media

Integrations Supported

Integrations Supported

Mercury
Monk

API Availability

API Availability

Pricing Information

$5.00 per month
Free - No cost Standard - $ 5 Premium - $10
Free Version
Free Trial Offered?

Pricing Information

$29.90 per month
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad

Supported Platforms

SaaS
Android
iPhone
iPad

Customer Service / Support

Standard Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub
Online Training

Training Options

Documentation Hub
Webinars
Online Training

Company Facts

Organization Name

Zetran

Date Founded

2017

Company Location

United States

Company Website

mybooksai.app/

Company Facts

Organization Name

Mercury.com

Date Founded

2017

Company Location

United States

Company Website

mercury.com/books

Categories and Features

Accounting

Accounts Payable
Accounts Receivable
Bank Reconciliation
Billing & Invoicing
Purchase Orders
Tax Management

Accounts Payable

Not specified

Accounts Receivable

Not specified

AI Accounting

Not specified

Billing and Invoicing

Not specified

Categories and Features

AI Accounting

Not specified

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