Aspire has launched AspireBooks, an AI-powered accounting product built into its financial platform. Available in Singapore, it marks the company's move into accounting software.

AspireBooks combines bookkeeping, reconciliation and financial reporting in the same system customers use to manage payments and other finance tasks. It is aimed at businesses operating across currencies and markets that want to avoid moving data between separate banking and accounting tools.

The launch puts Aspire into a market long led by specialist accounting software providers including Xero and QuickBooks. It also expands Aspire's offering beyond payments and finance operations into core accounting workflows.

Businesses have traditionally handled money movement and accounting in separate systems, leaving finance teams to classify transactions and reconcile records after the fact, Aspire said. AspireBooks is designed to change that by updating books as transactions occur, with users reviewing and approving entries rather than rebuilding records at month-end.

According to Aspire, the software uses AI agents to classify transactions, suggest accounting categories and tax treatment, and match payments to invoices and bills. This keeps financial records current and keeps profit and loss statements, balance sheets, trial balances, and general ledger reports up to date.

Multicurrency accounting is central to the launch. Customers can record and manage transactions across several currencies, a feature aimed at businesses with cross-border operations.

The product also includes a feature linked to Aspire's Model Context Protocol integration, allowing customers to ask questions about financial statements in plain language and receive recommendations. A multi-entity function is due to follow, enabling businesses to manage books for several entities in one place.

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