Accrual

Accrual is expanding beyond its origins in tax preparation to become a single software system that accounting firms can use across tax, audit, client accounting, and advisory work. The company started with individual, trust, and partnership returns, and launched publicly in February 2026 with $75 million in funding, supporting every federal and state tax form along with the unstructured data (emails, spreadsheets, handwritten notes) needed to complete them . This launch marks the point where that same infrastructure now covers audit and advisory engagements as well, positioning Accrual as a horizontal platform for the firm rather than a point tool for one practice line. The centerpiece of the expansion is Arc, an agent layer that sits on top of the firm's connected systems. Practitioners give Arc an objective, approve its plan, and receive the completed work for review, from Excel workbooks and client reports to analyses and workpapers . Accrual rolled out Arc with 20 agents for common accounting firm workflows, with new agents added each week, and firms can teach Arc their own processes, save them as reusable agents, share them across teams, and schedule recurring work . Permissions, recorded actions, and human review are built in, so partners retain sign-off on the deliverable. Accrual was founded by CEO Cosmin Nicolaescu and CTO Siddarth Chandrasekaran, and is based in San Francisco. The timing matters because firms are heading into a stretch where most software treats accounting as a collection of disparate tasks , and consolidation across tax, audit, and CAS is becoming a real procurement question. With Armanino already running Accrual in live production across thousands of individual returns and a recent move into client accounting services through the acquisition of Puzzle's technology , this release is worth watching for anyone tracking how mid-market and large firms decide to rebuild their software stack.