Qount Launches AI-Powered 1099 Workflow to Revolutionize Tax Season for Accounting Firms
Qount, a provider of AI-driven practice intelligence platforms, has launched its enhanced 1099 Workflow designed to streamline and automate the often burdensome tax filing process for public accounting firms. The new workflow aims to significantly reduce the time and stress associated with 1099 filings, transforming it into a more efficient experience.
Streamlining the 1099 Filing Process with AI
The updated 1099 Workflow integrates several key features aimed at simplifying the entire 1099 cycle. This includes bulk client enrollment, seamless synchronization with QuickBooks Online, Optical Character Recognition (OCR) for W-9 forms, and QAI-powered chart of accounts mapping. These features enable accounting firms to manage the entire process within a single, unified system, reducing the need for multiple software solutions.
- Bulk Client Enrollment: Simplifies onboarding of multiple clients simultaneously.
- QuickBooks Online Sync: Ensures seamless data transfer and synchronization with existing accounting systems.
- W-9 OCR: Automatically extracts data from W-9 forms, minimizing manual data entry.
- QAI-Powered Chart of Accounts Mapping: Uses AI to intelligently map chart of accounts, reducing errors.
Significant Time Savings and Enhanced Efficiency
Qount claims that the new workflow can lead to significant time savings for accounting firms. According to the company, firms can expect up to a 67% reduction in the time spent chasing client and vendor data and up to 50% faster cleanup, review, and filing. This allows firms to shift the workload to earlier in the year, improving staffing allocation and enhancing overall client satisfaction.
“The 1099 filing season has always been defined by late nights, scattered spreadsheets, and deadline risks,” said Sarika Arora, chief product officer at Qount. “Qount’s 1099 automation gives firms control and visibility, allowing them to prepare earlier, eliminate errors, and deliver a smoother client experience.”
Phased Release and Future Enhancements
Phase 1 of the beta release of the enhanced 1099 Workflow is currently available. The second phase, which includes direct electronic filing, is expected to be introduced later in 2025. This phased approach allows Qount to gather feedback and refine the system before a full-scale launch.
The Role of AI in Transforming Accounting Practices
The launch of Qount’s enhanced 1099 Workflow highlights the growing importance of AI in transforming accounting practices. By automating key processes and reducing manual data entry, AI can help firms to improve efficiency, reduce errors, and free up staff to focus on higher-value tasks, such as providing advisory services to clients. The company’s vision aligns with industry trends reflecting the need for algorithmic solutions instead of manual, Excel-based workflows.
Qount: A Leader in AI-Driven Practice Intelligence
Founded in 2016 and headquartered in Plano, Texas, Qount offers an AI-driven platform for public accounting firms. The platform integrates essential tools like CRM, time-and-billing, onboarding, collaboration, client portals, and document management into a single system. The company secured $17 million in funding in February 2025 led by Savant Growth, which is earmarked to accelerate the development of AI enhancements to address the evolving needs of accounting professionals.
| Feature | Detail |
|---|---|
| Time Savings | Up to 67% reduction in time spent chasing client and vendor data. As much as 50% faster cleanup, review, and filing. |
| Key Features | Bulk client enrollment, QuickBooks Online sync, W-9 OCR, QAI-powered chart of accounts mapping. |
| Phase 1 Availability | Currently available in beta release. |
| Phase 2 Availability | Expected later in 2025, with direct e-filing. |
Qount’s launch of the AI-powered 1099 workflow marks a significant step forward, enabling firms to standardize processes and deliver greater value to clients.
