Accountable

Description

Accountable provides a comprehensive, AI-driven platform designed to streamline tax and accounting processes for self-employed individuals and freelancers in Germany. The core purpose is to offer a single solution for managing all financial obligations, from invoicing and expense tracking to tax declarations and banking.

The platform leverages AI to automate many of the complex tasks associated with financial management. Users can create and send unlimited invoices, including e-invoices in formats like XRechnung and ZUGFeRD, ensuring compliance with legal requirements. Expense tracking is simplified through text recognition for scanning receipts on-the-go, preventing loss of deductible items and offering personalized tax-saving tips.

Accountable aims to empower self-employed individuals by providing tools for income tax, VAT, and trade tax declarations. It offers a tax guarantee, promising to cover tax demands up to €500 (or €10,000 for an extended guarantee) in case of errors originating from the app. This feature provides a significant layer of security and peace of mind for users who may lack extensive tax knowledge.

The platform also includes a free business account option, facilitating the separation of personal and business finances and enabling automatic tax reserve savings. Users can connect existing bank accounts or open a new one to gain a clear overview of their post-tax finances. For those needing human assistance, Accountable offers access to AI chatbots and certified tax coaches for personalized support.

Accountable is particularly beneficial for freelancers, sole proprietors, and small business owners who wish to manage their finances efficiently without the need for a traditional tax advisor. It simplifies complex financial processes, making them accessible and manageable for individuals with varying levels of financial expertise. The platform's adaptability allows it to adjust to changing business needs, such as transitioning from small business regulations to standard taxation.

Accountable's Core Features

• AI-powered tax and accounting management

• Automated invoice generation and e-invoicing (XRechnung, ZUGFeRD)

• Receipt scanning and expense tracking with text recognition

• Personalized tax-saving tips

• Automated tax declaration preparation (income, VAT, trade tax)

• Tax guarantee for errors up to €500

• Free business account with automatic tax reserve savings

• Bank account integration and financial overview

• AI chatbot for tax-related questions

• Access to certified tax coaches

• Support for Ist-Versteuerung (cash accounting)

• Digital submission of tax declarations via ELSTER

How to use Accountable?

1. 1

   Configure: Set up your business profile and connect bank accounts.

2. 2

   Invoice: Create and send professional invoices, including e-invoices.

3. 3

   Scan Expenses: Use the app to scan receipts and categorize expenses.

4. 4

   Track Taxes: Monitor your tax obligations and prepare declarations.

5. 5

   Submit: File your tax returns directly through the platform.

6. 6

   Optimize: Utilize AI insights and tax tips to maximize savings.

Accountable's Use Cases

• Tax Declaration
• Invoicing
• Expense Tracking
• Financial Management
• Tax Advice
• Small Business Accounting
• Compliance

FAQ from Accountable

• What is Accountable and who is it for?

  Accountable is an AI-powered solution for self-employed individuals and freelancers in Germany to manage their taxes and accounting. It simplifies invoicing, expense tracking, tax declarations, and banking.

• Can Accountable help me with my tax declarations?

  Yes, Accountable helps you prepare and submit income tax, VAT, and trade tax declarations. It offers a tax guarantee for errors originating from the app.

• How does Accountable handle invoicing?

  Accountable allows you to create and send unlimited, legally compliant e-invoices in formats like XRechnung and ZUGFeRD. You can also customize invoice templates.

• What are the benefits of the AI Tax Advisor?

  The AI Tax Advisor answers your tax and accounting questions, checks your data for errors, and provides personalized tips based on German tax law and your specific situation.

• Does Accountable offer a free business account?

  Yes, Accountable offers a free business account that helps separate finances and automatically sets aside funds for taxes. You can also connect existing bank accounts.

• What is the Accountable Tax Guarantee?

  The Tax Guarantee covers resulting tax demands up to €500 (or €10,000 for the Max plan) if errors are caused by the Accountable app.

• Can I use Accountable if I'm a small business owner?

  Yes, Accountable is developed for self-employed individuals and small business owners, including those operating under the small business regulation (Kleinunternehmerregelung).

• What is Ist-Versteuerung and does Accountable support it?

  Ist-Versteuerung (cash accounting) means VAT is due upon receiving payment. Accountable supports this method for solo self-employed individuals and freelancers.

• Do I still need a tax advisor if I use Accountable?

  For many users, Accountable provides all necessary tools to manage finances independently. However, you can invite your tax advisor to access your Accountable account if you prefer.

• How does Accountable ensure data security?

  Accountable is supervised by BaFin and uses strict security measures, including 256-bit SSL encryption and regular penetration tests, to protect user data.

• What are the different pricing plans available?

  Accountable offers various plans, including Free, Invoices, Accounting, Taxes, and Max, catering to different needs and business stages, with monthly and annual payment options.

• Can I send and receive e-invoices with Accountable?

  Yes, Accountable allows you to send and receive e-invoices, including XRechnung and ZUGFeRD formats, ensuring compliance and digital processing.