Still in spreadsheets
94%
of finance teams use Excel in their month-end close.
The machine room
The AI software for accounting that answers to an accountant.
Excello's AI software for accounting automates daily bookkeeping, bank matching, receipt capture and bill processing for startups and small businesses.
Accountants review the work every week, or every business day on the higher plans, handle anything unusual and close the month within five business days.
Works inside QuickBooks, Xero or Odoo. Nothing to migrate.
- The run
- Bank feeds matched daily
- Receipts captured on arrival
- Accountant review weekly or daily
- Month-end close within five business days
Manual entry slows the close, and the business with it
Industry benchmarks
The reason it is slow
50%
of finance teams name managing the close in Excel as a key reason it runs slow.
Systems that don't connect
40%
of finance teams are held back by legacy systems that don't integrate.
Cash reconciliation
20–50 hrs
spent reconciling cash every month, across three to five systems.
Source: Ledge, Month-End Close Benchmarks 2025, a survey of 100 finance professionals
Thirteen accounting workflows, automated and reviewed
What Excello automates
Accounting software with AI handles the volume, and accountants check what it produces. Excello's AI-powered accounting software covers 13 workflows in four groups.
Group 01
Keeping the books
Bookkeeping
Transactions categorized, receipts matched and journal entries prepared across every connected account, with the ledger reviewed by an accountant weekly or every business day.
Bank reconciliation
Bank and card activity compared with the general ledger every day. Missing charges and timing differences are flagged before they become balance sheet errors.
General ledger
A structured general ledger that updates as transactions clear, with every entry mapped to your chart of accounts.
Accrual accounting
Recurring accruals, prepaid expenses and deferred costs scheduled monthly, with closing balances checked so margins reflect real performance.
Group 02
Closing the month
Month-end close
Balance sheet reconciliations, payroll entries and account roll-forwards prepared as the month ends, then reviewed and signed off within five business days.
Financial reporting
Balance sheet, profit and loss and cash flow statements, plus live dashboards, built from reviewed ledger data.
Group 03
Money in and out
Accounts payable
Vendor bills captured, read and coded to the right accounts, with every open payable tracked until its payment clears in your books.
Invoicing and receivables
Customer invoices and payment tracking, with incoming payments matched to open receivables so revenue stays accurate.
Receipt capture
Receipts captured, read and matched to the card charge they belong to, so nothing depends on a paper trail.
Expense management
Card feeds synced, spend categorized and employee reimbursement claims recorded, with unusual submissions reviewed by an accountant.
Group 04
When the books get complicated
Inventory accounting
Inventory value, cost of goods sold and stock adjustments tracked across your sales channels, with balances checked at month-end.
Multi-currency
Foreign currency sales, expenses and bank accounts converted, with exchange gains and losses calculated for reporting.
Multi-entity consolidation
Intercompany transactions eliminated and balances rolled up into consolidated statements across your entities.
What automation actually means at Excello
Software and people
| Task | Handled by | How often |
|---|---|---|
| Bank and card matching | Software | Daily |
| Receipt and invoice capture | Software | On arrival |
| Transaction categorization | Software proposes, an accountant reviews | Daily, reviewed weekly or every business day |
| Recurring journal entries | Software | On schedule |
| Unusual items and discrepancies | Accounting expert | As flagged, at the latest at the next review |
| Accruals and judgment calls | Accountant, checked at sign-off | Monthly |
| Reconciliation and close sign-off | Qualified accountant | Within five business days of month-end |
How a transaction moves through Excello
From feed to close
-
Connected once
Your accounting software, bank accounts, cards and payment tools are connected during onboarding, within one week.
-
Matched and coded
Software pulls in each transaction, matches it to receipts and bills and proposes a category. Routine matches post automatically.
-
Reviewed every week, or daily
Accountants review the new entries, correct anything that is wrong and resolve anything flagged as unusual.
-
Closed every month
Every balance is reconciled and the month is signed off within five business days.
Automation inside the software you already use
Integrations
Frequently asked questions
What is AI software for accounting?
AI software for accounting automates the repetitive parts of bookkeeping: matching bank transactions, reading receipts and invoices, and proposing how each transaction is categorized. At Excello, accountants review that output every week, or every business day on the higher plans, and close the books.
Which parts of accounting can be automated?
Routine, repeatable work can be automated: data capture from receipts and invoices, bank and card matching, transaction categorization and recurring journal entries. Judgment work such as accruals, prepaid schedules and inventory valuation stays with accountants.
Does a person check the work?
Yes. Routine matches post automatically, and accountants review everything, every week or every business day by plan, correct anything that is wrong and handle unusual items. An accountant reviews every account and signs off each month-end close within five business days.
Do I have to change accounting software?
No. Excello connects to your existing QuickBooks, Xero or Odoo account, so your chart of accounts and history stay where they are. Excello's own platform is also in development for teams who would prefer everything in one place.
How long does setup take?
Onboarding is complete within one week. Your accounting software, bank accounts and payment tools are connected, your chart of accounts is reviewed and the matching rules for your business are set up.
What happens when something is wrong or unusual?
It is flagged for an accountant. An unfamiliar vendor, an unclear charge or an unusual amount goes to the accountants on your books, who apply the right treatment or ask your team for the missing detail.