Equility

Equility is an AI-powered accounting assistant designed to automate the tedious parts of bookkeeping. It focuses on bank reconciliations and the financial review process. You connect your QuickBooks Online account and your banking data, either through a direct API link or by uploading CSV files. Equility then compares the balances, matches transactions, and flags any discrepancies. It aims to handle this core accounting task so you don't have to do it manually.

The tool works by letting you set reconciliation schedules and deadlines. Once configured, it runs checks to ensure your QuickBooks balance matches your bank and credit card statements. Beyond basic reconciliation, its financial review module automatically verifies other key areas like depreciation schedules, undeposited funds, and the proper use of asset, liability, and equity accounts for your business's tax structure. It claims to reduce reconciliation time by up to 95% by automating matching and error identification.

This tool is built for accounting professionals, bookkeepers, and small business owners who use QuickBooks Online and want to save hours each month on manual reconciliation work. It's useful for ensuring accuracy during the monthly close, maintaining clean books for tax season, and freeing up time from repetitive data matching to focus on more analytical financial tasks.