Accrual has officially launched with $75m in funding to develop AI-native automation for accounting practice preparation and review workflows.

The funding round was led by General Catalyst, with participation from Pruven Capital, Edward Jones Ventures, and a group of industry executives and founders.

General Catalyst managing director Marc Bhargava said: “Accounting is one of the largest and most critical professional services markets in the world, yet its core workflows have remained largely unchanged for decades.”

The capital will go towards further product and AI development, expanding Accrual’s team and onboarding accounting companies as it scales.

The platform brings tax preparation and review into a single AI-driven system, aiming to automate manual tasks while keeping the accuracy, controls and auditability companies need.

Accrual said its AI agents are built to operate like a preparer by reading and organising client inputs, flagging missing information, creating targeted follow-up questions and producing draft returns for professional review.

It structures data as it enters the platform, which Accrual said helps preparation, review and client guidance build on each other rather than requiring repeated reworking.

The platform also focuses on individual tax returns, and is designed to handle inputs such as complex K-1s and 1099s, spreadsheets, emails, photos, and statements stretching to hundreds of pages.

It integrates with existing tax engines to support prior-year data, carry-forwards and final filing workflows, allowing companies to keep using the systems they already rely on.

Accrual co-founder and CEO Cosmin Nicolaescu said: “Accounting is a deeply interconnected system, yet most software treats it as a collection of disparate tasks.

“We are building core infrastructure from the ground up to unify these workflows into a single system that amplifies judgment and compounds a firm’s expertise over time.”