AI Bookkeeping Software for Australian Small Businesses

Otto AI Bookkeeping Software handles the heavy lifting, so you can focus on your business, not your spreadsheets.

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Monthly Operating Expenses
  • Monthly Operating Expenses
  • Less than $85,000
  • $85,000 – $150,000
  • $150,000 – $250,000
  • More than $250,000

AI Bookkeeping Software Built for
Australian Entrepreneurs

Whether you're a sole trader or running a growing business, Otto AI gives you the tools to automate, track, and manage your finances without the stress.

Less Time on Books, More Time on Business

Tired of reconciling bank statements and chasing down receipts? Otto AI bookkeeping software automates the grunt work, so you can spend more time doing the work you love, not managing spreadsheets.

  • Smart auto-categorisation trained on creative and service-based spending

  • OCR-enabled receipt and invoice scanning, snap and store in seconds

  • Real-time error detection through our audit engine

  • Optional bill payments and accounts payable automation (available on Growth plans and above)

Otto AI Bookkeeping Software
Bookkeeping Status

Tax Time, Sorted All Year Round

Forget the last-minute scramble. Otto AI online bookkeeping services help you stay tax-ready all year, with tidy books, compliant records, and fewer surprises come EOFY.

  • Auto-preparation and electronic filing for 1099s

  • W-9 collection workflows built in for contractors

  • Alerts for unusual or out-of-place transactions

  • Enterprise-grade security with SOC 2 controls (in progress)

  • Multi-entity support with simple, transparent pricing, no hidden fees

Know Where You Stand, Anytime

Old spreadsheets and guesswork don’t cut it anymore. Otto AI bookkeeping software for small business offers real-time insights, giving you the confidence to quote accurately, budget better, and pay yourself properly.

  • Live dashboards and financial KPIs built for service providers

  • Daily reconciliations from dual feeds (Plaid + QuickBooks)

  • Auto-matched revenue across multiple income platforms

AI Expense Tracking
Financial Insights

People-Powered Bookkeeping, Backed by AI

Otto combines the speed of AI bookkeeping with expert oversight. Whether you're self-employed or scaling a team, our bookkeeping for entrepreneurs gives you automation when you want it, and real humans when you need them.

  • In-app accountant chat with instant, plain-English answers

  • Monthly financial reviews by our expert team from bookkeeper to CPA

  • Step-by-step onboarding with live human support

  • Role-based access so your whole team can collaborate safely

How to Use Otto AI Bookkeeping Software - 3-Step Process

Optimise your finances with an easy, automated process: connect, track, and be ready for tax season.

1
Step

Connect and Set Up

Click "Start for free". Securely connect your bank/credit card data, Stripe, PayPal, and (optionally) QuickBooks. Tell Otto about each entity, income flow, and any specific accounts (trust, transfer, etc.).

2
Step

Capture and Automate

Upload receipts to the dashboard or automatically forward invoices to your Otto inbox. Say goodbye to spreadsheets for good.

3
Step

Review, Decide, and Grow

Open the live dashboard to quote projects, plan your taxes, and pay yourself with confidence. Chat with a human bookkeeper or CPA inside the app for simple, jargon-free answers.

From Smart Categorization to Tax Prep—Otto Has You Covered

These everyday bookkeeping time savers come standard with no plugins, no extra tools.

Automatic Categorisation

Transactions are sorted using intelligent rules designed for creative and service-based businesses, no manual tagging needed.

Receipt Scanning with OCR

Upload receipts or supplier invoices, Otto captures the details, matches them to your records, and logs them automatically.

Manage Multiple Businesses

Easily run several businesses under one Otto account. Keep each entity organised and clearly separated.

Built-In Security

Bank-level encryption and SOC 2 controls (in progress) ensure your financial data stays safe and protected.

Real-Time Financial Overview

View your income, expenses, and trends in one central dashboard, updated live, not days behind.

Help with Tax Prep

Otto AI handles Self Assessment prep, gathers contractor forms, and keeps your accounts tidy for a smooth year-end process.

Otto AI Bookkeeping Software vs Other Platforms

Other bookkeeping software ties you to clunky spreadsheets, hidden fees, and endless tabs. Otto AI bookkeeping software centralises all bank feeds, categorisation, reconciliations, and expert review in one elegant dashboard. Replaces Collective, Keeper, Freshbooks, Quicken, Bench, Doola, Fincent, Finally and more.

Otto AI
Collective
Keeper
FreshBooks
Quicken
Bench
Real-time financial statements & dashboards
24/7 bank feed reconciliation (continuous close)
Automatic categorisation of transactions
OCR / AI data capture from receipts & invoices
~
AI insights & KPI dashboards
~
~
Chat-based AI accountant / natural language Q&A
Chain of thought explainability for every entry
Dedicated controller led finance team
Bill pay & end-to-end A/P automation
Revenue reconciliation & POS deposit matching
G/L hygiene & vendor deduplication tools
Continuous audit, anomaly & error detection
Client collaboration (smart mailroom / 1 click queries)
~
Multi entity / departmental consolidation
~
Secure document vault & automated backups (G-Drive integration)
Automated 1099 vendor compliance workflows

One Platform: From Entity Setup to Year-End Reports

Comprehensive financial solutions for your business needs.

Reviews are here.

Straight from our customers—how Otto is changing the way creative businesses manage money.

Owner of Photography Business

"The real-time insights from Otto have been incredible for managing cash flow and making decisions. The platform is easy to use, and the team is extremely top of everything.”

Preston Tietjen

Preston Tietjen

Creative Producer & Founder

Slide 1 of 3.

FAQs

How does AI Bookkeeping Software help save time?

Otto AI Bookkeeping Software automatically syncs your bank feeds, categorises transactions, and keeps your books updated with no manual data entry needed. It cuts hours off your weekly admin and lets you focus on growing your business.

Can I track my cash flow in real time?

Yes. With live dashboards built into our AI Bookkeeping Software, you can monitor your cash flow, profit and loss, and balance sheet as it updates, helping you make better financial decisions on the spot.

How does Otto AI categorise my transactions?

Our AI bookkeeping software uses machine learning to sort most transactions within 30 minutes. Anything unclear gets reviewed by a real bookkeeper, so your records are not just automated, but accurate too.

Will my books be tax-ready?

Absolutely. Otto AI keeps your books organised month by month, with tax prep tools built in. When tax time rolls around, you’re sorted, no scrambling for receipts or missing data.

Is my financial information safe?

Yes. Our AI Bookkeeping Software uses bank-grade encryption, strict access controls, and ongoing third-party audits to keep your data secure. Your information stays private and protected at every step.

How does it connect to my bank accounts?

Otto AI Bookeeping software connects via secure providers like Plaid to sync your bank feeds directly. Once linked, your transactions flow into the system automatically, no uploads or spreadsheets required.

Can I speak with a real bookkeeper if needed?

Definitely. Our AI Bookkeeping Software includes access to human experts. Whether it's a quick question or a deep dive with a CPA, support is always just a message or call away.

Is the dashboard easy to use if I’m not an accountant?

It is. The dashboard is designed for small business owners, not finance pros. With clear visuals, simple language, and colour-coded insights, your financial data becomes easy to understand and act on.

Will Otto AI work with my other tools like QuickBooks?

Yes. Otto AI integrates seamlessly with QuickBooks, banks, invoicing platforms, and more. It brings everything into one dashboard, removing the need for multiple apps and eliminating double handling.

How fast can I get started?

Most users are fully set up in under an hour. Once your bank feeds are connected, you’ll start seeing real-time insights right away.

Is this the right choice for entrepreneurs and self-employed business owners?

Absolutely. Otto AI Bookkeeping Software is built for entrepreneurs, giving you an easy, reliable system for staying on top of your books while running your business day-to-day.

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