How does the AI receipt scanner work?
Upload a photo or PDF of any receipt, bill or invoice and Machinence reads it for you. It auto-detects the document type and extracts the vendor, date, net, tax and total, then suggests the right account using smart keyword matching with an AI fallback. You review and save, with no manual typing.
Can I track both income and expenses?
Yes. Record income and expense transactions manually, or let the AI scanner capture them straight from receipts. Every entry posts to your chart of accounts and you can edit or delete any transaction at any time.
Can I automate recurring transactions?
Yes. Set up recurring entries on a weekly, monthly, quarterly or custom schedule and Machinence posts them for you. You can pause, resume or cancel any recurring transaction whenever you need.
Does it handle VAT and multi-region tax automatically?
Yes. Choose your tax region (UK, EU, US, AU or CA) and sub-region, and Machinence calculates and tracks tax on every transaction. It supports VAT, sales tax, GST and HST, and the UK VAT manager keeps you ready for filing.
What financial reports can I generate?
Profit and Loss (income, expenses and net profit), Balance Sheet (assets, liabilities and equity) and a Cash Flow Forecast. You also get AI-generated P&L summaries with insights and an expense breakdown by account as a pie chart.
Is my bookkeeping connected to the rest of Machinence?
Yes. Your books update automatically: paid invoices sync to account 4000 and store orders sync to account 4100, so there is no double entry. Every change is also recorded in the audit log with before and after values.
What is the best bookkeeping software for small businesses?
Machinence is built for freelancers, sole traders and small businesses that want AI receipt capture, a full chart of accounts, multi-currency support and one-click financial reports in a single connected platform, without paying for several separate tools or doing manual data entry.
Is my financial data secure and can I export my records?
Yes on both. Your data is encrypted and accounting is scoped per website, and every change is tracked in a full audit trail. You stay in control and can export your transactions to CSV at any time to share with your accountant or keep for your own files.