Financial reporting automation
AI financial reporting for small businesses, from the raw trial balance you already have
Automated monthly financial reporting without an integration project: upload the trial balance after the close and get the statements, KPIs, aging and commentary — every figure computed and checked, with AI doing the mapping and the writing and nothing else.
Free to create. No subscription, and credits never expire.
Also called mis report, management accounts, monthly financial reporting, board pack and month-end reporting package, depending on where you are. Every name, explained.
Upload the trial balance you already have, and the month's report comes back
1. Upload the raw trial balance
From QuickBooks, NetSuite, Sage Intacct, Xero or any system, once the month is closed. Excel, CSV or PDF. No connector, no access to grant.
2. Get the statements
Income statement with year to date and comparisons, balance sheet, KPIs, A/R and A/P aging, every figure checked against the trial balance and traceable to its account.
3. Ask, and read the commentary
Written commentary on what moved, and an assistant that answers questions about the month — every number computed, never generated.
Financial reporting automation that starts from raw data, not a connector
Financial reporting automation usually begins by connecting to your ledger. That is a standing permission, a setup project, and a dependency on one accounting system. The trial balance you already pull at month end carries everything the reporting package needs, so Magic MIS starts there: raw data in, checked statements out. Switch accounting systems and nothing changes; the file is still a trial balance.
Mapping accounts to statement lines is learned from the first month and reused, so a refresh on an unchanged chart of accounts takes minutes and makes no AI calls at all. The full walk-through is on how it works.
The AI maps accounts and drafts the words; every number is computed
AI recognizes sheets, maps the accounts rules cannot place, and drafts commentary. It does not compute figures: every number in the statements, the dashboard and the commentary is deterministic arithmetic over the trial balance, and a draft that contains a number of its own is rejected by a check before it is shown. It does not see whole files: it receives redacted structure and samples for the one step it is doing. And it does not run when nothing changed.
AI P&L analysis and balance sheet analysis, for your own month
A general AI tool can explain what gross margin means. What it cannot do is tell you why yours moved, because it does not have your month — and if you paste the month in, it does the arithmetic itself and gets some of it wrong. Here the analysis runs on your own statements, computed first.
On the P&L, the commentary works through revenue, gross margin and the cost lines against last month and the same month last year, and names the accounts that drove each material movement. On the balance sheet, it covers working capital — receivable days, payable days, inventory days — the current ratio and the cash position, with the A/R aging behind them where it was loaded.
Anything the commentary does not cover can be asked in plain English in the chat: “which customers are past 90 days?” or “why did operating expenses rise?” The answer is worked out by queries over your data, and every figure in it comes from those results.
What small businesses ask before they try it
What does AI actually do in AI financial reporting?
Here, three things: it recognizes what each uploaded sheet is, it maps accounts that rules cannot place to statement lines, and it drafts commentary around figures that are already computed. It never computes a figure and never sees a whole file — only redacted structure and samples for the step it is performing.
Is this for small businesses or for enterprise finance teams?
Small and mid-sized businesses, and the accounting firms that report for them. It is priced per report in prepaid credits with no subscription, works from the raw trial balance rather than an integration project, and produces an Excel workbook you own rather than a dashboard behind a login.
How does it handle our fiscal year and number format?
Each company records its fiscal year start, reporting currency and number style, and every statement follows them. If the uploaded data runs on a different fiscal year from the company's setting, the run says so rather than producing a wrong first month.
Can it replace our close process?
No, and it does not try to. Reconciliations, accruals and cut-off are accounting work that happens before the trial balance is final. This starts where the close ends — the trial balance — and produces the reporting package that follows it.
Read next
- Monthly financial reporting software for small businesses and their CPAsMonth-end reporting from your accounting system's trial balance: P&L with year to date, balance sheet, KPIs, A/R and A/P aging and commentary, in an Excel workbook you can audit.
- Month-end reporting package: contents, timeline and how to build itWhat a month-end reporting package contains — statements, variances, KPIs, A/R aging, commentary — the close timeline it follows, and how to produce it from the trial balance.
- Security and data handlingWhere your accounting files go: encrypted under each company's own key, redacted before the AI sees any of them, and opened by no one on our side. Stated exactly.
Try it on a month you have already closed
Create an account, add the company, and upload its raw trial balance. The reporting package follows — checked, traceable, and paid per report.
Prepaid credits, no subscription. Credits never expire.