Bookkeeper360 launched a new mobile and web app with BOLT (Business Optimization Learning Technology)–a virtual CFO AI solution, aimed at offering small businesses immediate financial intelligence and expert access. It can be accessed on iOS, Android, and online platforms and seamlessly integrates with QuickBooks, Gusto, and Xero accounting systems so that business owners and entrepreneurs can effectively communicate with accounting teams.
The app integrates AI insights with expert knowledge, providing visualization tools, alert functionality, project management, and internal messaging for collaboration among accountants. BOLT expects to make sense of increasingly intricate financial information. “Business owners are drowning in numbers but starving for meaning,” said Nick Pasquarosa, Founder and CEO at Bookkeeper360. “This app bridges that gap. BOLT lets business owners make immediate insights for daily business, and our expert accountants offer guidance on hard problems, giving business owners a supportive app and an expert accountant: the best of both worlds.”
The new product launch comes against a background of industry trend towards developing accounting tools enabled with AI. Andrew Kanzer, Managing Director at Xero for North America, said that BOLT deserves recognition as it shows third-party businesses can use Xero as a platform for enabling reliable and safe usage of AI. According to Kanzer, small businesses want intelligent automation but also want trusted advisers.
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BOLT also continuously analyzes and monitors financial health at the foundation of its platform. Users on its platform are also capable of communicating with an AI using a conversational format. The user may query an AI, for instance, “How’s my cash flow?” and get immediate answers.
Other tools include real-time dashboards, cash runway forecasting, payroll analysis, industry benchmarking KPIs, and reporting. Supported by Bookkeeper360 accountants, CPAs, and fractional CFOs based in the United States, it houses an end-to-end financial management solution geared at helping businesses scale.
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