• Accrual launched today as a tax preparation and review platform for accounting firms.
  • The startup announced $75 million in funding at launch and says it supports every federal and state tax form.
  • The platform can ingest unstructured data to populate returns, aiming to cut manual entry and review time.

What happened

Accrual announced today on LinkedIn that it has launched a tax preparation and review platform for firms, backed by $75 million in funding. The company says the product already supports every federal and state tax form and can take unstructured data and use it to fill those forms.

What Accrual offers

Accrual positions itself as a complete workflow for tax teams: a single platform for preparing returns, reviewing work, and handling the messy document intake that typically slows firms down. The company’s emphasis on “unstructured data” suggests it can extract information from documents that aren’t already neatly formatted — for example, PDFs, emailed documents and scanned files — and map that data into the correct fields on tax forms.

Why this matters

Tax season is high‑risk for firms: manual entry and document handoffs lead to errors, missed deductions and costly rework. By supporting every federal and state form from the start, Accrual aims to remove a common bottleneck — having to switch tools or manually reformat data for different returns. The $75 million raise also serves as social proof: investors are betting on automation and AI to change how firms handle compliance and reviews.

Questions and implications for firms

  • Accuracy and auditability: Firms will want to know how Accrual verifies extracted data and how it documents changes for audits and quality reviews.
  • Integration: Practices will look for connectors to accounting systems, tax engines and client portals to avoid new silos.
  • Workflow change management: Even with automation, teams must adapt review processes and controls to ensure compliance and avoid over‑reliance on AI.

Reactions and next steps

Accrual’s announcement on LinkedIn signaled immediate interest from the tax and accounting community, with the large funding round heightening expectations. For firms considering a switch, the key next steps are evaluating a demo, testing extract accuracy on real client files and checking how the platform documents changes for compliance.

Those seeking to follow Accrual’s rollout should watch for product demos, user reviews from early adopters and details about integrations. The platform’s promise — automating intake and filling every form — raises real curiosity about accuracy and how it will change firm workflows during the next tax season.

Image Referance: https://www.linkedin.com/pulse/tax-platform-accrual-launches-ai-automation-support-all-29kje