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Bookkeeping AI is no longer a futuristic concept—it’s here, and it’s rapidly reshaping financial management. Tools like BookWell AI are revolutionising the way bookkeeping tasks are performed, moving beyond traditional automation into intelligent, real-time processing. Despite this shift, many practices…
About Maxmillian Accounting Maxmillian Accounting is a progressive firm based in Sydney, founded over twenty years ago. The firm built on clound-based technology from the very beginning, adopting platforms like Xero and BookWell to support a smarter way of working.…
Over the last decade, automation has transformed bookkeeping and accounting. Bookkeeping tasks that historically took up a significant amount of time, including manually inputting and categorising expense data, can now be dramatically accelerated using automation. What’s more, AI-powered document processing…
According to a recent UK study, small-to-medium-sized businesses (SMBs) that embraced technology investments (Bookkeeping AI and Accounting AI software) over the past four years saw an 8.1% increase in revenue, while those slower to adopt experienced a 4.7% decline. At…
In an era of rapid technological progress, relying solely on Optical Character Recognition (OCR) for bookkeeping is beginning to show its limitations. While helpful for digitizing paper receipts, OCR-based tools often fall short when precision, adaptability, and deeper automation are…
In 2025, the conversation around AI in bookkeeping has moved from “should we use it?” to “how can we get the most out of it?”. Bookkeeping AI is the ultimate solution. At BookWell.ai, we believe the future of bookkeeping is…
