Question 1

Does Quid handle complex German tax scenarios like §13b (Reverse Charge)?

Accepted Answer

Yes. Quid's AI is trained specifically on German tax legislation including §13b UStG (Reverse Charge), §14 and §14a UStG (invoice requirements), and various special tax scenarios. The system automatically validates USt-IdNr., applies correct reverse charge logic for B2B transactions within the EU, handles different VAT rates (19%, 7%, 0%), and ensures compliance with input tax deduction requirements. It also recognizes special cases like Bewirtungskosten (entertainment expenses) under § 4 Abs. 5 Nr. 2 EStG and applies appropriate booking logic based on your historical patterns.

Question 2

How is Quid different from standard OCR tools?

Accepted Answer

Standard OCR tools simply convert images to text. Quid uses AI Agents that understand context, learn from your historical booking patterns, and make intelligent decisions. While OCR extracts data like vendor name and amount, Quid goes further by analyzing your ledger history to determine the correct GL Account, Cost Center, and Tax Code with human-level accuracy. It validates vendor authenticity, detects duplicates across systems, catches calculation errors, identifies fraud patterns, and ensures German tax compliance. Quid also creates vendors automatically, books transactions intelligently, and integrates directly with your accounting systems like DATEV, NetSuite, and LexOffice.

Question 3

What accounting systems does Quid integrate with?

Accepted Answer

Quid integrates seamlessly with major accounting and ERP systems including DATEV (the leading accounting software in Germany), NetSuite, and LexOffice. Additionally, Quid connects with business tools like Stripe for payment processing, Shopify for e-commerce data, and Gmail for email-based invoice capture. All integrations are designed to sync data bi-directionally and maintain data consistency.

Question 4

Who is Quid designed for?

Accepted Answer

Quid is designed for lean finance teams at SMEs, startups, and tax firms who want to automate manual accounting work. It's perfect for organizations that process high volumes of invoices, need to maintain German tax compliance, want to reduce month-end close time, or are looking to scale their finance operations without proportionally increasing headcount. Tax advisors and accounting firms also use Quid to serve multiple clients more efficiently.

Question 5

How does Quid's AI learn my company's booking patterns?

Accepted Answer

Quid's AI analyzes your historical ledger data to understand how your organization has booked similar transactions in the past. It learns patterns like which GL accounts are used for specific vendor types, how cost centers are allocated, and which tax codes apply to different transaction types. The more historical data available, the more accurate the AI becomes. The system continuously improves its suggestions based on approved transactions, creating a feedback loop that increases accuracy over time.

Question 6

Is my financial data secure with Quid?

Accepted Answer

Yes. Quid implements bank-level security with end-to-end encryption, SOC 2 compliance, and GDPR adherence. All data is encrypted in transit and at rest. Access controls ensure that only authorized team members can view sensitive financial information. Quid undergoes regular security audits and maintains strict data isolation between customers. Your data is stored in secure European data centers with redundant backups.

Vendor	Amount	ProjectAuto-Tagged
Hilti Store	€450.00	Alexanderplatz
Shell Fuel	€85.00	Fleet Van 4
Baumarkt Berlin	€1,240.00	Alexanderplatz

Financial operations for fast-growing SaaS companies

Built for saas & technology teams

Subscription & SaaS Expense Management

Department Cost Allocation

Vendor Payment Automation

Map costs to projects, not just accounts.

Project Cost Tracking

Frequently asked questions

How does Quid help SaaS companies manage burn rate?

Can Quid identify duplicate or unused software subscriptions?

Does Quid integrate with modern accounting tools like QuickBooks Online?

Ready to streamline your saas & technology finances?

Cookie Settings