FAQ
Frequently asked questions
Clear answers about wallet credit, usage, subscriptions, and how Tycoon charges for work.
Can an AI CFO actually replace my bookkeeper?
For most one-person companies, yes. A bookkeeper's job is 90% categorization, reconciliation, and monthly close — all mechanical work that LLMs now do at 95%+ accuracy with your history as training. The remaining 10% is edge cases (foreign currency, R&D credits, 1099 filings) which a CPA handles once a year at tax time. Tycoon's AI CFO doesn't replace your CPA — it replaces the monthly bookkeeper and makes the CPA's work 5x faster because the books are already clean. Typical savings: $500-$1500/month.
What about accrual accounting, deferred revenue, and more complex GAAP stuff?
The AI CFO handles basic accrual (recognizing Stripe subscription revenue over the period, not at charge) out of the box. For more complex GAAP — deferred revenue schedules for annual contracts, revenue recognition for multi-deliverable contracts, capitalized software costs — you teach it once via chat ('our annual plans recognize 1/12 per month starting on the charge date') and it applies the rule going forward. If you're doing ASC 606 with 50 enterprise contracts, you probably want a human CFO; if you're a SaaS doing $100K-$10M ARR with subscription pricing, the AI CFO covers you.
How does the AI CFO handle my tax filings?
It prepares the package your CPA needs — P&L, balance sheet, general ledger, 1099 list, payroll summary, asset depreciation schedule — in one shareable folder. It does not file taxes itself. For a typical one-person company this turns tax prep from '3 weeks of back-and-forth in March' into 'CPA takes 2 hours, done.' For multi-state or international, the AI CFO flags the complexity and keeps your CPA in the loop throughout the year, not just at filing.
What if I make an accounting decision the AI CFO doesn't know about?
Tell it. 'I bought a $3000 laptop, capitalize it and depreciate over 3 years.' It posts the entry, sets the depreciation schedule, and remembers the policy for future laptops. Every policy decision lives in workspace memory, so when you add a new asset type or new customer contract shape, the AI CFO applies your existing policy automatically. Over 6 months you build a custom accounting manual without writing one — it emerges from the decisions you've made.
How does this integrate with my existing accountant or CPA?
AI CFO produces clean books in QuickBooks, Xero, or Wave — exactly what your human accountant expects for year-end and tax filing. Most CPAs report faster turnaround when working with AI-CFO-kept books because transactions are consistently categorized and every line item has an audit trail. Several Tycoon users have told their CPAs specifically to flag any AI-categorization they disagree with so the AI learns the edge cases your accountant cares about.