Autobooks review

Autobooks puts business banking tools inside a bank or credit union’s digital banking experience. Small businesses can invoice customers, accept payments, pay bills, manage bookkeeping and access working capital without a separate app or login, according to the product description. The bank or credit union is part of the delivery model, so Autobooks is not simply a standalone accounting app with a bank connection.

Its tools cover receivables, payables, accounting and lending. Businesses can send invoices, accept payments through links, card taps or checkout pages, and pay vendors by bank account or card. They can schedule bills and record expenses. When automated bookkeeping is enabled, transactions are recorded in an accounting ledger; financial reports help businesses track their books and cash position. Lending is also available inside digital banking, with underwriting based on business activity. The published materials do not specify loan amounts, eligibility rules or repayment terms.

The main advantage is bringing several routine money tasks into the banking relationship a business already uses. That can mean fewer separate tools and logins to manage, while the bank or credit union provides the digital banking environment.

The feature set is broad for businesses that want basic operations in one place:

• Invoices and payment tracking cover getting paid, with payment links, card taps and checkout pages as options.
• Bill pay supports vendor payments by bank account or card, scheduled bills and expense recording.
• Automated bookkeeping can record transactions in the ledger when enabled, and financial reports provide a view of books and cash position.
• Working capital is available within digital banking, with underwriting based on business activity.

The Basic plan has no monthly license fee, which may suit a business that wants to avoid a fixed software charge. It is not cost-free, though: the listed terms include a 5% transaction-processing revenue share, plus processing rates of 3.49% for cards and 1% for ACH. Autobooks also brings these functions together under the bank’s existing digital banking access rather than requiring a new business login.

The pricing is difficult to total up before knowing how a business will use the service. Basic has no monthly license fee, but the listed charges include a 5% transaction-processing revenue share, 3.49% card processing and 1% ACH processing. The pricing information does not explain how those charges interact in every transaction scenario, so businesses should confirm the full fee calculation with their bank or credit union.

Plus and Pro add monthly license fees, but the amounts are not published, and annual prices are not published. Plus takes a 10% share of transaction processing and loan origination; Pro takes 15% across transaction processing, loan origination and customer SaaS fees. Smart Checking (Pro for Business Checking) is listed at $0 or $8 per month, with no exact standard price. The published information also does not state transaction-volume caps, loan limits or detailed eligibility rules. On-site training costs extra, and the price of real-time deposits is not published. That leaves several important costs and limits to verify before switching.

Autobooks’ Basic plan has no monthly license fee, but the listed costs include a 5% transaction-processing revenue share, 3.49% for card processing, and 1% for ACH. Those transaction charges mean “no license fee” does not mean no cost.

Plus raises the revenue share to 10% on transaction processing and loan origination; Pro raises it to 15% and also includes customer SaaS fees. Both have monthly license fees, but the amounts are not published. Card and ACH rates are listed at 3.49% and 1% on both plans. Annual prices are not published, so we can’t calculate a reliable all-in comparison between tiers.

Smart Checking (Pro for Business Checking) is listed at $0 or $8 per month, with no exact standard price published. On-site training costs extra, and real-time deposit pricing is not published. Before choosing a plan, ask the bank or credit union for a written estimate covering the license fee, revenue share, processing, and any add-ons.

Autobooks is delivered through a participating bank or credit union’s digital banking, rather than as a separate app and login. That makes the first switching question practical: does your financial institution offer it, and what happens to your access if you change banks or move to another business platform?

The available product and pricing information does not specify a migration process, data-export formats, cancellation terms, or how long records remain accessible after leaving. It also does not say whether invoices, customer details, transaction history, and bookkeeping records can be transferred. Get those answers from the bank before relying on Autobooks as your only recordkeeping system, and confirm which data you can export and in what format.

We can’t summarize why users leave based on Reddit: no Reddit posts or comments were provided in the published material. Treat user-reported switching complaints as unverified until you check current threads, rather than assuming a particular pain point.