The AI-powered bookkeeping platform expands its capabilities with balance sheets, spending analysis, multi-currency support and solutions for accounting professionals.
DOVER, Del., Oct. 27, 2026 /PRNewswire/ — Smart Clerk, an AI-powered bookkeeping platform for small businesses and accounting professionals, now helps more than 10,000 companies each year transform bank transactions and statements into bookkeeper-ready financial reports, including profit and loss statements and balance sheets.
Reports are generated automatically when data is imported through a bank connection or from uploaded bank statements, giving small-business owners structured financial information without requiring them to learn complex accounting software.
“Our goal is not to make small-business owners learn accounting software,” said Erinc Arik, co-founder of Smart Clerk. “We want them to receive accurate, bookkeeper-ready reports automatically and with as little manual involvement as possible. Whenever we introduce a new accounting capability, we first ask how we can deliver it without adding complexity for the user.”
Over the past three months, Smart Clerk has introduced Spending Analysis, Balance Sheet reporting and multi-currency support. The company has also expanded its Plaid integration beyond the United States to support users in Canada. The United States remains Smart Clerk’s primary market.
Smart Clerk has also developed solutions that allow accountants and bookkeepers to manage multiple client companies without a company-count restriction. By automating statement processing, transaction extraction, categorization and report preparation, the platform helps accounting professionals reduce repetitive work and spend more time on review, professional judgment and advisory services.
“We build our roadmap by listening closely to business owners, bookkeepers and accounting firms,” said Cansu Muftuoglu, co-founder of Smart Clerk. “Automation should reduce repetitive work and give accounting professionals more time for review, judgment and advisory services, rather than introduce another complicated system for them to manage.”
According to the company’s internal performance measurements, Smart Clerk now achieves more than 99% end-to-end accuracy across the workflow, from statement processing and transaction extraction through categorization and financial-report generation.
Smart Clerk plans to introduce support for preparing and generating downloadable PDF 1099 forms before the end of 2026, further streamlining year-end workflows for businesses and accounting professionals. The company will continue developing new capabilities around user feedback while maintaining its focus on automation, accuracy and ease of use.
To learn more, visit https://smartclerk.ai.
About Smart Clerk
Smart Clerk is an AI-powered bookkeeping platform for small businesses, accountants and bookkeepers. Users can connect bank accounts or upload digital and scanned bank statements. The platform automatically extracts and categorizes transactions and prepares structured financial reports, including profit and loss statements, balance sheets and spending analysis, helping users reduce manual bookkeeping work.
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https://smartclerk.ai
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SOURCE Smart Clerk
