About Folio AI
We built Folio AI to solve a problem every Canadian accounting firm knows well: too many documents, not enough time, and too much risk of manual error.
What we do
Folio AI is an AI-powered bookkeeping automation platform for Canadian accounting firms. Firms upload receipts, invoices, T4 slips, T5 slips, and other financial documents. Our pipeline extracts structured data — vendor, amount, date, currency, category — and routes items requiring human judgment to a review queue. Approved entries sync directly to QuickBooks Online.
The platform handles Canadian-specific requirements out of the box: Bank of Canada FX conversion for CAD/USD invoices, CRA Capital Cost Allowance class detection for fixed assets, SR&ED expenditure flagging, and T4/T5 field extraction mapped directly to CRA box numbers.
Our values
Accuracy first
Multiple OCR providers and confidence scoring rather than trusting a single model. Low-confidence results always go to a human reviewer — we would rather slow down than get it wrong.
Privacy by design
All data is stored in AWS ca-central-1 (Canada). PIPEDA-compliant; self-hosted deployment option for firms with strict residency requirements. Your clients' documents stay in Canada.
Human in the loop
Automation handles volume. Accountants handle judgment. Every AI decision is logged, reviewable, and correctable — corrections feed back to improve future extractions.