Finance

AI-assisted statutory accounts and corporation tax prep

Use an AI-driven accounting service to produce a first draft (or full pack) of statutory accounts and corporation tax calculations quickly after year end, improving turnaround time and level of detail.

Why the human is still essential here

A finance/accounting professional still needs to provide correct source data, assess judgement areas (accruals, provisions, disclosures), and review/sign off the final accounts and tax submissions.

How people use this

AI transaction coding and bank reconciliation

AI extracts invoice/receipt data and suggests ledger coding and matching to bank feeds so the year-end trial balance is clean and ready for accounts production.

Xero / Dext

Auto-generated year-end financial statements pack

AI-assisted accounts production converts the final trial balance into a draft statutory accounts pack (primary statements and supporting schedules) for accountant review and adjustment.

Caseware Cloud / IRIS Accounts Production

AI-assisted corporation tax computation and e-filing

AI helps prepare the corporation tax computation and draft return from accounting data and then supports iXBRL-ready outputs for submission after professional review.

Thomson Reuters ONESOURCE Corporate Tax / Wolters Kluwer CCH

Community stories (1)

Overall I have been scarily impressed. And I mean Scarily!

You may have seen my post previously about engaging the fully AI run accounting firm Accrual Intentions (A.I.) Accountants to complete the first set of accounts for Digital Transformers Group.

Overall I have been scarily impressed. And I mean Scarily!

Has it done everything perfectly?

Short answer No!

But it has completed them to a higher quality than training accountants and some qualified staff (based on my experience in practice).

The most impressive part so far has been the speed and detail in which it has completed the work. I have received a fully completed set of accounts and corporation tax, 24 days after year end. Of which, 22 of those days were due to delays from me.

Alexis Kingsbury and I will come back with a full review and analysis of the process, but overall I am impressed and terrified at how accurate this process has been and how good the experience has been from a customer perspective.

The accounting profession will change.

Fast.

P.S. Luckily the worst part of the experience was its review and recommendations of our internal systems, so that at least gives me some comfort for my job.

Ryan PearcyFounder and Chartered Accountant

Feb 24, 2026