Shypd.aiThe largest open index of AI toolsMagnetic is a Finance tool that automates tax data entry for CPA firms. It scans client documents like K-1s and Schedule Cs, entering them directly into tax software.
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Magnetic is an AI-powered solution designed to automate tax data entry for CPA firms. This tool significantly streamlines the tax preparation process by scanning various client documents, including K-1s, Schedule Cs, and donation letters. Once scanned, Magnetic intelligently extracts the relevant information and directly inputs it into existing tax software. This automation aims to reduce manual effort, minimize errors, and improve overall efficiency for tax professionals, allowing them to focus on more complex tasks and client advisory rather than tedious data entry.
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