Overview
Basis builds AI agents that execute multi-step accounting work (categorisation, reconciliations, financial statements, tax preparation) inside firms' existing tools, turning staff into reviewers. It reported an agent completing an end-to-end 1065 partnership return.
What the agents do
Agents complete bookkeeping, reconciliation, financial-statement and tax-return work for review.
Why it matters
Basis shows agents taking on core accounting-firm work, with accountants reviewing the output.
AIIC View
Basis is an example of agents moving into the accounting function itself. The opportunity is not simply faster access to accounting information, but execution of repeatable accounting work, such as reconciliations, financial statements and tax preparation, with accountants reviewing the output.
