Tax Task Force Unveils Automated Journaling System for Card, Bank, and Tax Invoice Data

Are you still spending a lot of time and effort on complex accounting processes? Now, AI replaces all these processes. AI tax and accounting solution startup iBizOn is changing the paradigm of tax affairs by fully integrating AI-based automatic journal entry processing into its innovative cash management SaaS 'Tax Commando'. This newly introduced feature goes beyond mere automation. AI independently learns and analyzes all cash flow data of a business, including credit card usage details, bank account deposit/withdrawal records, and purchase/sales tax invoices. It accurately identifies the appropriate account title and account code for each transaction item, and even determines VAT deduction eligibility, performing perfect journal entry processing. By comprehensively expanding the scope of automation, which was previously limited to credit card details, it dramatically reduces the hassle of manual input and the risk of errors. In particular, this powerful feature is provided through 'Tax Commando Pro', a solution exclusively for tax accounting firms. Accounting personnel can easily review and, if necessary, modify the journal entries automatically generated by AI, enabling both professional judgment and efficient work processing simultaneously. The data processed in this manner is reflected in real-time on the 'Tax Commando' screen for business owners, resolving information asymmetry between business owners and tax accountants, and minimizing settlement delays or errors through transparent and prompt information sharing. iBizOn is confident that Tax Commando will go beyond mere feature implementation to become a turning point that fundamentally improves the practical working environment of tax accounting firms. Annamin, iBizOn's Chief Strategy Officer, emphasizes, "The integrated implementation of the automatic journal entry function is not just about automating accounting input, but also an evolutionary stage as a SaaS that helps business owners easily and accurately recognize and manage cash flow." Currently provided as a standard feature to paying customers and affiliated tax accounting firms, this functionality is expected to evolve in the future into an integrated solution that perfectly encompasses accounting, tax, and cash management, by integrating with more advanced features such as transaction prediction-based risk alerts and automatic offset settlements. Tax Commando already offers a wide range of cash management features, including client-specific cash flow analysis, accounts receivable management, and outgoing payment prediction, providing an integrated management experience beyond just accounting and tax. Now is the time to break free from the shackles of manual work and experience smarter, more efficient cash management and accounting processes with AI Tax Commando.