Question: Can you recommend a tool that automates financial statement reviews and bank reconciliations for accounting professionals?

If you need a tool to automate financial statement reviews and bank reconciliations, Equility is a good choice. It links to your QuickBooks data and compares it with bank statements to spot differences and bogus transactions. Equility automates account reconciliations and ensures proper balance, and there are other modules for other accounting chores like depreciation and amortization. It also lets you set your own rules and connects to QuickBooks Online with a Chrome plug-in, so it should be accessible to financial pros.

Another contender is Osfin, an automation tool for finance and accounting that's designed to automate financial work like reconciliation, invoicing and payouts. Osfin uses AI-augmented smart invoice processing and integrates with other tools to give you real-time visibility into cash flow so you can cut time and labor out of financial work.

HighRadius is another strong contender, with an autonomous finance platform that uses AI to automate work in several financial operations, including account reconciliation, cash application management and electronic invoicing. It connects to several ERPs, banks and other third-party services, so it should help you work more efficiently and get a better handle on cash flow.

Last, Botkeeper is an automated accounting service that uses machine learning to automate bookkeeping work, cutting errors and letting you spend more time helping clients. It's SOC2 Type 2 compliant and uses bank-level security, so accounting firms should be able to trust it with their business and free up resources for higher-level work.