Budgetly, an Australian spend management platform for SMEs, today announced AI Bookkeeping, a new feature that eliminates the manual bookkeeping work that drains finance teams. Designed for business owners and finance professionals, AI Bookkeeping replaces repetitive transaction coding with intelligent categorisation, tagging and receipt checks. This enables teams to spend freely and finance to stay on top of the accounts, without the month-end clean-up.
AI Bookkeeping removes manual tasks like category review, receipt checks and GST extraction, so records stay accurate and audit-ready from the moment a transaction lands.
Routine work is handled automatically, while exceptions, such as receipts that fail a check, are flagged for review and verification by authorised roles, including admins and accountants.
AI Bookkeeping assesses each new transaction as it’s created. When it can determine the correct treatment, it applies the right category, tags and GST automatically. When a transaction is ambiguous, it holds back rather than guessing, so Finance stays in control and errors don’t creep into the books. Decisions are based on the business’s transaction data, configuration and historical patterns.
“The finance function is shifting from recording what happened to shaping what happens next, and that only works if the repetitive coding stops eating the day,” said Lisa Callaghan, CFO at Budgetly. “The point of automating it isn’t to remove people. It’s to free them for the work that genuinely needs judgement. The systems that will matter are the ones that know when to act and, just as importantly, when to hold back and flag something to a human.”
“AI Bookkeeping has significantly streamlined our bookkeeping processes,” said The Finance Team at Family Centered Support Services. “Tasks that were previously time-consuming are now completed far more efficiently and with greater confidence. It has saved our team approximately five to six hours on receipt reviewing and verification, time we’ve been able to redirect towards supporting our clients.”
Key AI Bookkeeping benefits include:
- Less time spent on manual transaction coding. Categories and tags are applied automatically, reducing the admin workload across the month and freeing finance teams for higher-value work.
- Faster resolution of receipt issues. Receipt-required transactions show a clear Verified or Flagged status, so finance teams know exactly which receipts need attention without reviewing every transaction manually.
- Improved consistency. How transactions are coded and tracked across the business.
- Month-end that’s a review, not a reconstruction. Records are built accurately as spend happens, so close is faster and more reliable.
- Improved consistency. Standardises how transactions are coded across teams, so reporting is cleaner and close is faster.
AI Bookkeeping is available to all Budgetly customers on Essentials, Premium and Enterprise plans from 13 July 2026. Full pricing details are available at www.budgetly.com.au/pricing.