After the busiest season was over in March, I have been working on my personal accounting app project. It runs on web and also on iPhone. The idea is to take a photo of receipts and the app automatically generates a journal entry using AI. My engine for now is ChatGPT 3.5 but since I also subscribe the paid version, it should be about the time to move on to Chat 4.0 turbo.
By requesting AI to provide, date on a receipt, debit account, credit account, amount and description, the app tries to guess at its best an accurate journal entry. It was to my suprise, journal entries it creates are reliably correct.
I hope my app will be good enough to help free lancers, sole proprietor and small business owners to save their time and free themselves from the time-consuming and boring admin work of sorting receipts.