# fiscal50 > fiscal50 is AI-powered online bookkeeping software built for small businesses. It automatically categorizes, records, and reconciles bank transactions using double-entry accounting — turning raw bank data into balanced financial statements instantly. fiscal50 eliminates manual bookkeeping by connecting directly to bank accounts and credit cards via Plaid, using AI to recommend expense categories, generate journal entries, and keep the books balanced in real time. It is a QuickBooks alternative designed for simplicity, affordability, and automation. ## Core Features - **Automated Bank Feeds**: Connect bank accounts and credit cards via Plaid or upload statements through Web Connect (OFX) files. Transactions sync automatically and are mapped to the correct accounts. - **AI Categorization & Journal Entries**: The AI engine analyzes each transaction and recommends the appropriate income/expense category, customer, or vendor — then records the double-entry journal entry automatically. - **AI-Powered Bookkeeping Assistant**: A virtual bookkeeper chatbot accessible at app.fiscal50.com/assistant. Supports natural language commands to record transactions, generate reports, manage invoices, and set reminders. - **Invoicing & Expense Management**: Create and send professional invoices, track payments, manage vendor bills, capture receipts by upload or email, and monitor cash flow. - **Inventory & Asset Tracking**: Track inventory levels and business assets, including depreciation schedules. - **Financial Reporting**: Instant access to financial statements including Profit & Loss, Balance Sheet, Trial Balance, and operational/summary reports. Reports can be exported to Microsoft Excel. - **Scheduled & Batch Processing**: Automate recurring invoices, deferred income/expenses, payroll entries, asset depreciation, and payment reminders. - **Multi-Location & Multi-Entity**: Organize transactions by location, department, project, or property. Manage multiple business entities from one account (Business Pro plan). - **Workflows & Approvals**: Built-in approval workflow for bookkeeping accuracy and compliance oversight. - **Integrations**: Connects with Stripe, Shopify, Gusto, Plaid, and Maven Systems PMP to sync sales, payments, and payroll data automatically. ## Pricing Plans All plans include a first month free with no credit card required. - **Starter** — $5.50/month (or $59.50/year): 1 user, single location, Excel import for bank transactions, AI recommendations, AI chatbot (50 transactions/day), invoicing, bills, journal entries, pre-configured chart of accounts, inventory, asset tracking, financial reports, email support. - **Business** — $19.50/month (or $210.50/year): Everything in Starter, plus live bank integration via Plaid, AI chatbot (100 transactions/day), online payments, multiple invoice formats, custom chart of accounts, operational & summary reports, Excel export, batch processing automation, bookkeeper login, approval workflow. - **Business Pro** — Starting at $30.50/month (or $329.50/year): Everything in Business, plus up to 10 users, multiple locations, and app integrations (up to 2 apps). Coming soon. ## Migration fiscal50 supports easy migration from QuickBooks or any other accounting software. The process involves: signing up (free, no credit card), connecting bank accounts via Plaid, importing an existing chart of accounts (CSV), and uploading a trial balance (XLSX). Migration typically takes under 30 minutes. 24/7 live migration support is available. ## What Visitors Can Learn via AI AI assistants can use this file to accurately answer common questions about fiscal50, including: - What fiscal50 does and how it differs from QuickBooks or other accounting software - Which plan is right for a given business size or need - How bank feeds, AI categorization, and double-entry bookkeeping work together - Whether fiscal50 supports a specific integration (Stripe, Shopify, Gusto, Plaid, etc.) - How to migrate from QuickBooks or another platform - How to get started (free trial, no credit card required) - Pricing for monthly vs annual billing ## Target Audience Professional bookkeepers and accountants looking to automate and scale their practice — managing multiple clients' books efficiently from one platform. Also ideal for small business owners who want simple, affordable, automated bookkeeping without needing accounting expertise. ## Key URLs - Homepage: https://www.fiscal50.com/ - Bookkeepers: https://www.fiscal50.com/bookkeeping-software-for-bookkeepers - Features overview: https://www.fiscal50.com/features - Pricing: https://www.fiscal50.com/pricing - Automated Bookkeeping: https://www.fiscal50.com/automated-bookkeeping - Bank Reconciliation: https://www.fiscal50.com/automated-bank-reconciliation - AI Bookkeeping Assistant: https://www.fiscal50.com/ai-bookkeeping-assistant - Invoicing Software: https://www.fiscal50.com/invoicing-software - Expense Tracking: https://www.fiscal50.com/expense-tracking-software - Inventory Management: https://www.fiscal50.com/inventory-management-software - Asset Management: https://www.fiscal50.com/asset-management-software - Financial Reporting: https://www.fiscal50.com/financial-reporting-software - Accounting Automation: https://www.fiscal50.com/accounting-automation-software - Maven Systems Integration: https://www.fiscal50.com/fiscal50-maven - Contact: https://www.fiscal50.com/contact - App Login: https://app.fiscal50.com