Accounts Draft | Accounting Automation Software
Accounts Draft helps accounting practices automate manual data entry and document generation. It is designed for firms looking to reduce time spent on bank statement coding and client onboarding.
At a glance
- Category
- Finance & Accounting
- Best for
- Small accounting practices, Mid-market accounting firms, Chartered accountants, Audit professionals
- Pricing
- A free tier is available with 10 tool uses. The Professional plan is £65 per month for unlimited tool usage. Custom pricing is available for teams requiring multiple seats.
- Key use cases
- Client Onboarding, Bank Reconciliation Preparation, Audit Preparation, Administrative Routing
- Integrations
- Companies House data import, Excel export, PDF export, Word export
- Official website
- www.accountsdraft.com/
Accounts Draft is a suite of AI-powered tools designed for accountants and accounting practices. It helps automate tasks such as converting bank statements to Excel, extracting invoice data, and generating standard compliance documents.
The platform is designed for accounting professionals who handle repetitive administrative work. It supports various stages of the accounting lifecycle, from initial client onboarding and fee quoting to the review of draft accounts and tax research.
Buyers should note that the tool is browser-based and emphasizes data privacy by using secure API connections that do not train AI models on client data. Users should confirm if the specific document templates, such as ICAEW-compliant engagement letters, meet their local regulatory requirements.
Key Features
Converts PDF bank statements into Excel and supports auto-allocation of transactions to accounting nominals.
Auto-populates engagement letters, KYC checklists, and AML risk assessments using Companies House data.
Compares draft accounts with prior year data to identify missing disclosures or inconsistent policies based on FRS standards.
Processes PDFs and images of invoices to extract data into Excel tables.
Identifies client names and references from uploaded post to rename files and route them to staff members.
Provides a tool to ask tax questions with a specialized layer that includes source citations.
Generates formatted board minutes for share allotments and transfers.
Use Cases
Generating six essential onboarding documents and fee quotes using auto-filled company data.
Converting PDF statements to Excel and using the Code-Up feature to support the creation of a trial balance.
Comparing current draft accounts against previous years to check for policy consistency and missing disclosures.
Using the Post Router to organize and assign incoming client mail to specific team members.
Best For
Integrations
Pricing
A free tier is available with 10 tool uses. The Professional plan is £65 per month for unlimited tool usage. Custom pricing is available for teams requiring multiple seats.
FAQ
The platform uses bank-level encryption and secure API connections. It states that client data is not used to train AI models.
The Free plan allows for 10 tool uses, while the Professional plan costs £65 per month and provides unlimited tool usage.
Yes, it can generate engagement letters, KYC documents, and other onboarding forms auto-populated with data from Companies House.
Source category: Finance & Accounting
Source subcategory: Workflow Automation
