Plain-English definitions of AI, accounting, and SaaS-finance terms.
The application of artificial intelligence and machine learning to automate transaction categorization, reconciliation, and financial record-keeping.
A structured list of all financial accounts used by a business to categorize and record every transaction.
An accounting system where every transaction is recorded as both a debit and a credit across at least two accounts, keeping the books balanced.
A federal and state tax incentive allowing businesses to claim a credit for qualifying research and development expenditures.
