AI-enabled software provider Smart Clerk on July 29 launched its AI-powered bookkeeping tool designed to simplify accounting for small and medium-sized businesses.
The platform automates financial reporting by transforming bank and credit card transactions into categorized, tax-ready statements, eliminating the need for manual entry, accounting jargon, or complex setup, the Dover, DE-based company said.
Smart Clerk removes the biggest barriers faced by SMB owners, most notably complex setups and tedious categorization. Users no longer need to navigate charts of accounts, journal entries, or manual data entry—tasks that traditionally make bookkeeping daunting and error-prone. Instead, Smart Clerk’s AI learns each business’s unique financial patterns, continually improving the accuracy and relevance of its financial reports.
“Smart Clerk empowers SMBs that previously couldn’t afford professional bookkeeping services. Rather than replacing bookkeepers, we enhance their roles,” Smart Clerk CEO Erinc Arik said in a statement. “Our AI takes care of repetitive tasks, allowing accounting professionals to offer strategic, high-value advice that helps small businesses grow smarter and faster.”
Smart Clerk says early users report reducing bookkeeping time by more than 80%
“As AI technologies evolve, discussions around their impact on jobs are prevalent. Smart Clerk clearly positions itself as a supportive tool rather than a job eliminator, emphasizing a productive collaboration between AI and bookkeeping professionals,” the company states.
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