Sumly

The product is bookkeeping and tax software that automates expense tracking, categorizes deductions, maintains books, estimates quarterly taxes, and provides tax filing support to reduce administrative work for independent workers. It sells to self-employed professionals, freelancers, contractors, consultants and coaches, including part-time earners and solo business owners. Compared to general business accounting tools built for companies with employees and accountants, it is positioned as built specifically for self-employed earners with bank connections that sort expenses for review.

Key features

• Expense tracking with automatic categorization
• Automated bookkeeping
• Quarterly estimated tax payments
• Tax filing by licensed tax pro
• Business setup and LLC formation
• EIN and formation state filing
• P&L reports
• Year-end financials
• Year-round tax projections
• Payroll
• Dedicated tax pro consultations
• LLC and S-Corp setup support
• Bank connection via Plaid read-only
• Unlimited financial institution connections