AI-Powered Accounting

Meet Penny,
Your AI Finance Assistant

Q: What is the Penny Score?

The Penny Score is a 0 to 100 measure of a business's financial health, calculated from live accounting data across five areas: cash visibility, margin health, debtor risk, bookkeeping quality and growth readiness. A higher score means a healthier, more fundable business. It is free to obtain by connecting accounting software read-only.

Q: Do I need to use Xero?

No. Penny works with Xero, Sage and FreeAgent, with QuickBooks coming soon. If you are not yet on cloud accounting, AccTek includes migration and setup as part of onboarding at no extra cost for new clients.

Q: Is Penny included in all AccTek packages?

All AccTek clients benefit from AI-enhanced workflows. The depth of advisory reporting and real-time dashboards varies by package — the Fractional CFO tier includes the most comprehensive AI-powered financial intelligence.

Get instant answers from your accounting, cashflow, tax and business data.

Built into every AccTek plan — Penny on WhatsApp, Slack, AccTek Portal, ChatGPT and Claude, with Microsoft Teams on the way.

Free 60-Day Trial & Penny Score See Penny in action

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Trusted by UK founders & growing businesses Startups Contractors Locum Doctors SMEs Landlords

Works with tools you trust

Xero

QuickBooks

FreeAgent

Stripe

OpenAI

Claude

HubSpot

Zoho

The Problem

Most businesses have numbers.
Very few have answers.

Accounting software records the past. Penny helps you decide what to do next.

Traditional Accountant

Reports after the fact

Information arrives too late to make a difference.

Printed monthly management accounts arriving too late to act on

Monthly or quarterly reports
Historical view
Reactive advice

By the time you see it, the opportunity has passed.

Accounting software

Records transactions.

Doesn’t explain what they mean.

Date	Description	In	Out	Balance
01 Apr	Stripe Payment	£1,350.00	–	£18,400.00
01 Apr	Amazon	–	£84.99	£18,315.01
02 Apr	Fuel	–	£67.50	£18,247.51
02 Apr	Sage Software	–	£45.00	£18,202.51
03 Apr	Client Payment	£950.00	–	£19,152.51
03 Apr	Office Supplies	–	£23.40	£19,129.11
04 Apr	Consulting Fee	£2,500.00	–	£21,629.11
04 Apr	Travel	–	£120.00	£21,509.11

… and 239 more transactions

Too much data to review
Difficult to understand
Hard to get the right answers

The numbers are there. But what should you do next?

Penny

Answers when you need them.

Penny

online

How much VAT do I owe?10:31

Based on your current sales and expenses, your VAT liability is estimated at £4,320 due on 7 August.10:32

How much should I set aside each week?10:32

To stay on track, set aside £1,080 per week until the deadline.10:33

Real-time insights from your data
Proactive alerts and recommendations
Better decisions, faster

Ask Penny Anything

Penny is your AI finance assistant. Message her like you’d text a colleague and she answers from your real, reconciled numbers — straight from Xero, Sage or FreeAgent — in seconds, any time. She knows your sector and the UK tax that comes with it, and she knows exactly where her job ends and your accountant’s begins.

Answers come from your live books, never generic guesses — every reply is stamped with how up to date your numbers are.
She knows whether you’re a contractor, locum doctor, landlord or limited company, and applies the right UK tax context.
She remembers your situation between conversations, so you’re never re-explaining yourself.
The moment a question needs real advice, she hands over to your chartered accountant — and tells you she’s doing it.

Real questions founders ask — answered from your own live numbers.

Can I afford another employee?

Based on your current cashflow, yes — a salary of up to £28,000 per year.

How much can I pay myself?

Based on your profit and cash position, I’d suggest a dividend of £12,500.

Why is profit down?

Marketing costs rose 18% versus the previous quarter.

Will I run out of cash?

Your forecast shows 4.2 months of runway remaining.

Illustrative examples · Penny answers; your chartered accountant signs off.

Penny answers; your chartered accountant signs off. She’ll never file anything, move money, or give you formal tax advice on her own — that’s what the humans are for.

These are examples — ask Penny about your numbers. Connect read-only and your Penny Score is ready in minutes.

Free 60-Day Trial & Penny Score →

One Connected Flow

Your finance stack, one conversation

Your numbers live across the tools you already use. Penny pulls them together and brings the answers to wherever you work.

FINANCE & OPERATIONS SYSTEMS

Xero

Sage

QuickBooks

FreeAgent

HubSpot

Zoho

Stripe

Xero

Sage

QuickBooks

FreeAgent

HubSpot

Zoho

Stripe

USER INTERFACE

Slack

ChatGPT

Claude

What Penny Can Do For You

The questions founders ask most — and how Penny answers them.

Cashflow Intelligence

Will I run out of cash?

You’ve got 4.2 months of runway at current burn.

Tax Intelligence

How much tax will I owe?

£4,320 VAT, due 7 Aug — set aside £1,080/week.

Scenario Planning

Can I afford to hire?

Yes — a hire up to £28,000/yr stays cash-positive.

Performance Insights

How’s the business performing?

Net profit £28,400 this quarter, up 12%.

Smart Alerts

What needs my attention?

Heads up: marketing spend is up 18% vs last quarter.

AI Business Advisor

What should I do next?

Move £5,000 to your tax reserve before 7 Aug.

In one line

What is Penny?

Penny is AccTek’s AI finance assistant for UK businesses. It connects to your accounting software in read-only mode and answers questions about your own numbers — cash flow, VAT, Corporation Tax, margins and runway — in plain English. Penny explains and forecasts, but it never files returns, moves money, or gives formal advice without a chartered accountant reviewing it first.

→Built on your live data, not generic AI. Every answer comes from your reconciled Xero, Sage or FreeAgent figures, stamped with how current your numbers are.
→It knows your context. Contractor, locum doctor, landlord, startup or limited company — Penny applies the right UK tax rules and deadlines.
→It knows where its job ends. The moment a question needs real judgement, Penny hands it to your chartered accountant — and tells you it’s doing so.

Free with every connection

What is the Penny Score?

The Penny Score is a 0–100 measure of your business’s financial health, built from your live accounting data across five areas. Higher means healthier, more fundable, and better prepared for what’s next — and you can get yours free by connecting your accounting software read-only.

Your Penny Score

74/100

Good — a few quick wins from great

Cash visibility

Margin health

Debtor risk

Bookkeeping quality

Growth readiness

Illustrative score · Penny calculates yours from your own live data.

“I tried Penny by AccTek — my business scored 74/100 on financial health.”

Privacy-safe to share — your revenue, cash, profit and debtor figures never appear on the card.

Get your free Penny Score →

The Difference

Penny vs Traditional Accounting

The same qualified, chartered expertise behind the scenes — a completely different experience for you.

	Traditional accounting	Penny by AccTek
Getting an answer	Email and wait days for a reply	Ask in plain English, answered in seconds
Your numbers	Last month’s, once the books are done	Live and reconciled, straight from your accounting software
Availability	Office hours only	24/7, on WhatsApp or the AccTek Portal
VAT & tax queries	Booked into a call	Instant figures, with HMRC deadlines flagged
Cashflow & runway	Reviewed periodically	Always-on, with early warnings
Scenario planning	Manual, on request	“Can I afford to hire?” answered on demand
Compliance & filing	Handled by your accountant	Still your accountant — Penny never files
Human oversight	Always	Always — every insight signed off

Under the Hood

See What Penny Sees

Behind every answer is a live picture of your business — the same view your chartered accountant works from.

Cashflow & Runway

Rolling 6-month projection

4.2 months runway

Tax & VAT Timeline

Your next obligations

£4,320 VAT due

Profit & KPIs

This quarter vs last

£28,400 +12%

Illustrative dashboards · Penny reads your live accounting data and turns it into answers you can act on.

This is your business, live. Connect your accounting software read-only and see your own numbers like this — free for 60 days.

Free 60-Day Trial & Penny Score →

The Roadmap

Today, and What’s Coming Next

Penny is live and improving fast. Here’s what you can use right now — and what’s on the way.

Phase 1

Live now

Ask Penny

Live answers from your Xero, Sage or FreeAgent data
VAT, tax and cashflow queries
On WhatsApp, Slack, the AccTek Portal & ChatGPT — Microsoft Teams & Claude on the way

Phase 2

Rolling out

Proactive Alerts

Deadline & cash warnings
Unusual activity flags
Tax-saving prompts

Phase 3

On the roadmap

Scenario Planning

Model hires & investments
Forecast tax under each option
See the impact before you commit

Your Data. Your Trust.

Built on bank-grade foundations, regulated expertise, and AI that stays in its lane.

GDPR & DPA 2018 compliant Bank-grade encryption UK-based infrastructure Fully Auditable Read-only AI Every insight human-signed-off

Who It Helps

AI Finance Intelligence for Every Stage

Startup founders reviewing finances together

Startups & Founders

Runway forecasting and burn rate monitoring
R&D tax credit identification
SEIS/EIS compliance tracking
Director salary and dividend optimisation

Startup & CFO services →

IT contractor working at a multi-screen desk

IT Contractors & Freelancers

IR35 status monitoring and alerts
Optimal salary extraction modelling
Real-time tax liability tracking
Expense categorisation automation

Contractor accounting →

SME owner reviewing management accounts on a laptop

Growing SMEs

Management accounts and KPI dashboards
Cash flow forecasting and scenario modelling
Corporation Tax marginal relief planning
Board-ready financial reporting

Limited company accounting →

Landlords & Property Investors

Making Tax Digital for landlords readiness
Property income and allowable expense tracking
Capital Gains Tax planning on disposals
Ltd company vs personal ownership modelling

Landlord accounting →

FAQs

Penny — Common Questions

What is Penny by AccTek?

Penny is powered by AccTek's proprietary technology layer that combines cloud accounting, AI-driven analytics, and qualified human expertise. It monitors your accounting data in real time, identifies tax savings, flags compliance risks, and delivers proactive advisory — all reviewed by your chartered accountant before reaching you.

What is the Penny Score?

The Penny Score is a 0–100 measure of your business’s financial health, calculated from your live accounting data across five areas: cash visibility, margin health, debtor risk, bookkeeping quality and growth readiness. A higher score means a healthier, more fundable business — and you can get yours free by connecting your accounting software read-only.

Who is Penny?

Penny is AccTek's AI finance assistant. You can message her and she answers questions about your own business from your live, reconciled accounting data — cash position, KPIs, what a dividend or tax bill looks like. She is read-only: she explains and informs, but she never files, pays, or gives formal advice without a qualified accountant reviewing it. Anything that needs real judgement, she passes straight to your accountant.

Will AI replace my accountant?

No. AI handles the repetitive analysis, pattern recognition, and monitoring so your accountant can focus on strategic advisory, complex tax planning, and building a relationship with you. Every AI-generated insight is reviewed by a qualified professional. We call it People Powered, AI Accelerated.

Do I need to use Xero?

No — Penny works with Xero, Sage and FreeAgent, with QuickBooks coming soon. If you are not yet on cloud accounting, we include migration and setup as part of your onboarding — at no extra cost for new clients.

Is Penny included in all AccTek packages?

All AccTek clients benefit from our AI-enhanced workflows. The depth of advisory reporting and real-time dashboards varies by package — our Fractional CFO tier includes the most comprehensive AI-powered financial intelligence.

How does AccTek keep my financial data secure?

Penny connects through the secure, bank-grade APIs of your accounting platform (Xero, Sage or FreeAgent). AccTek's AI layer processes data on secure UK-based infrastructure. We are fully compliant with GDPR, the Data Protection Act 2018, and anti-money laundering regulations.

What makes AccTek different from other cloud accountants?

Most cloud accountants digitise traditional processes. AccTek has built an intelligence layer on top of cloud accounting — proactive alerts, automated tax modelling, real-time compliance monitoring, and AI-generated advisory. You get a modern finance function, not just a digital filing cabinet.

Meet Penny,
Your AI Finance Assistant