Tyms Accounting software that makes complex tasks appear easy

What is Tyms?

Tyms provides comprehensive accounting software utilizing Artificial Intelligence to streamline financial management for businesses. It aims to replace cumbersome spreadsheets and manual processes, offering features designed to save time, minimize errors, and ensure tax and audit readiness. The platform supports businesses by simplifying traditionally complex accounting tasks.

The software facilitates automated bank reconciliation through direct bank connections and document uploads, managing receivables, payables, and recurring transactions effectively. It also automates the handling of prepayments, inventory valuation using various methods like FIFO and LIFO, and fixed asset depreciation schedules. Financial statements such as profit and loss, balance sheets, and cash flow statements are generated in real-time as transactions are managed within the system.

Features

AI Agent (ADAM): Provides AI-driven accounting and bookkeeping assistance.
Automated Bank Reconciliation: Connects directly to banks and uses document uploads to reconcile transactions automatically.
Revenue and Expense Management: Manages invoices, bills, and recurring transactions with smart general ledger entries.
Prepayments Automation: Automates recognition, scheduling, and ledger entries for prepaid income and expenses.
Inventory Valuation and Automation: Tracks and values inventory using FIFO, LIFO, or weighted average methods, managing stock levels and orders.
Fixed Assets Schedule Automation: Prepares depreciation schedules and automates ledger entries for fixed assets/PPE.
Real-time Financial Statements: Generates profit and loss, balance sheet, and cash flow statements instantly.
Multi-currency and Multi-entity Support: Manages accounting across different branches and currencies, tracking FX gains/losses.
KPI Dashboard and Analytics: Offers real-time analytics, ratios, and CFO metrics.

Use Cases

Automating routine bookkeeping tasks.
Simplifying bank statement reconciliation.
Managing accounts receivable and payable efficiently.
Automating complex accounting entries like prepayments and depreciation.
Tracking inventory levels and valuation accurately.
Generating real-time financial reports for decision-making.
Managing finances for businesses with multiple branches or currencies.
Preparing books for tax filing and audits.
Providing AI-driven financial insights and analysis.

FAQs

Is Tyms really an accounting software I can use as an accountant and non-accountant?

Yes, Tyms is a comprehensive and simply modularized accounting software suitable for both accountants and non-accountants. It helps manage and automate accounting charts across assets, liabilities, equities, revenue, and expenses, simplifying tax preparation.
Why makes Tyms an AI-powered accounting software?

Tyms uses AI to simplify complex accounting processes, handling tasks like document data extraction, financial statement adjustments, error detection with automated fixes, and offering an AI accountant (Adam) to manage accounting tasks.
How is Tyms different from SageOne, QuickBooks, Zoho Book and Xero?

Tyms differentiates itself by being automation-first, eliminating the need for manual spreadsheet computations for tasks like prepayments, FX gain/loss, depreciation, etc. It integrates AI for efficiency and provides dedicated, responsive support at no extra cost.
Can I migrate from another software?

Yes, you can migrate from your existing accounting software to Tyms either directly through your dashboard or by contacting support via email.
Is my data safe and private with Tyms?

Yes, Tyms ensures data safety and privacy, backed by ISO 27001-2022 certification and SOC-2 Type-2 compliance, indicating adherence to international information security standards and verified controls for protecting customer data.