Startup
Accrual
AI-native tax preparation for firms: agents act as preparers on individual returns, reading K-1s, 1099s, spreadsheets and statements, and plugging into the firm's existing tax engine.
| Founded | San Francisco; launched publicly February 2026 |
|---|---|
| Founders | Cosmin Nicolaescu (CEO), Siddarth Chandrasekaran |
| Stage | Launched with $75m |
| Total funding | $75m, led by General Catalyst; Go Global Ventures, Pruven Capital, Edward Jones Ventures participating |
| Acquisitions | Puzzle's firm business (ledger and close technology; Puzzle served 7,000+ businesses), 2026 |
| What it does | Individual tax prep and review in one system; cuts preparation time by over 85% and review time by up to 60% |
| Traction | H&R Block, Armanino, Aprio, Creative Planning, BMSS, Stephano Slack and other top-100 firms |
| Pricing | Not published |
| Markets | US |
| Peers | Basis, Black Ore, Fieldguide |
Why it matters
Accrual launched in February 2026 with $75 million led by General Catalyst. H&R Block, Armanino, Aprio and Creative Planning use its tax agents; preparation time is down more than 85%. Its acquisition of Puzzle adds a ledger and close product for client accounting.
Accountio coverage
Accrual acquires Puzzle to bring AI close to practice management
Accrual launches with $75 million to bring AI-native automation to accounting
Updated September 2026.
Part of Accountio’s accounting technology coverage.
