Frequently Asked Questions
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Standard OCR (Optical Character Recognition) only extracts text from an image. Quid's AI Agents possess semantic understanding of accounting logic. While OCR might read "€500," Quid analyzes your historical ledger data to understand why that money was spent, predicts the correct GL account (e.g., SKR03/04), assigns cost centers based on user roles, and validates tax compliance without manual rules.
Yes. Quid utilizes context-aware machine learning. It analyzes your historical booking patterns to predict future transactions. For example, if you consistently book "Salesforce" to Account 3123 (Reverse Charge), Quid learns this pattern and applies it automatically to future invoices with a high confidence score, eliminating repetitive manual coding.
Yes. Quid specifically checks invoices against § 4 Abs. 5 Nr. 2 EStG requirements. The AI validates that mandatory data—such as the reason for the meal, attendees, and proper signature—is present. It then automatically flags the invoice for the correct "limited deductible" tax codes, ensuring your records are audit-proof.
Quid automatically detects cross-border invoices (e.g., SaaS from the US or EU). It validates the vendor's VAT ID via VIES and checks if the invoice meets § 14a UStG invoicing rules. If confirmed, Quid automatically applies the Reverse Charge (§ 13b) logic and maps it to the correct tax keys, preventing VAT calculation errors.
Yes. Quid ensures GoBD compliance by maintaining a complete, unalterable digital audit trail. Every action—from receipt upload and AI extraction to human approval and export—is logged. This ensures the "traceability and verifiability" required by German tax authorities.
Quid acts as an intelligent pre-accounting layer that sits in front of DATEV. We sync approved, fully coded booking data and document images directly to DATEV Unternehmen Online (DUO) via the official DATEV Connect interface. This ensures your tax advisor receives clean, booking-ready datasets without manual intervention.
Yes. Quid replaces slow email chains with interactive instant messaging. Approvers receive a notification in Slack or Teams with all necessary details (Vendor, Amount, GL Code). They can click "Approve" or "Reject" directly in the chat, and the status updates instantly in Quid and your finance system.
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