Journal, adjusting and closing entries
All standard transactions, accruals and deferrals, period-end adjustments, closing entries and the post-closing trial balance.
AI Accounting Solver
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Free accounting help
Start with a free accounting solver
Yes — you can use the accounting solver on a free account, with no credit card. The free tier gives you a set number of step-by-step solutions per day, saved chat history, flashcards and summaries.
PRO ($7.99/month or $59/year) removes the daily limit and adds photo solve, PDF chat and the advanced models used for longer managerial problems.
Solutions always show the working — the journal entry, the ratio formula, the depreciation schedule — so you can check the reasoning against your own notes before you submit anything.
Accrued wages, $4,000 at year-end
1
Paste the problem, or snap the textbook page
2
Accounts identified: Wages Expense, Wages Payable
3
Entry laid out line by line, debits against credits
Answer
Dr 4,000 / Cr 4,000
No credit card required to start.
Paste a problem, snap a photo, or upload a PDF
Point your phone at the problem, or upload a PDF of the assignment. The solver reads the numbers and tables directly from the page, identifies the topic — inventory valuation, bank reconciliation, a CVP question — and works through it step by step.
Handwritten problem sets and scanned worksheets work the same way.
- Text problems from a textbook, online quiz or handout
- Photos of the book page — OCR handles numbers, tables and exhibits
- PDF homework sets, worked one problem at a time
- Formulas and expressions via the built-in math keyboard
Numbers and tables read off the page
See the work, not just the answer
Every solution is structured the way an accounting professor would expect: accounts identified, debits and credits shown side-by-side and balanced, calculations laid out line by line, and the final answer boxed.
For multi-statement problems, the solver fills in each line and shows how each number flows to the next statement.
- Accounts identified
- Debits and credits shown side-by-side and balanced
- Calculations laid out line by line
- Final answer boxed
Year-end adjusting entry
Wages Expense
Dr 4,000
Wages Payable
Cr 4,000
Balance check
4,000 = 4,000
Debits equal credits
Accounting topics covered
The solver covers the full intro-to-intermediate financial accounting curriculum plus managerial accounting.
Financial statements
Balance sheet, income statement, statement of retained earnings and the cash flow statement — direct and indirect method.
Inventory and depreciation
FIFO, LIFO, weighted average and lower of cost or NRV; straight-line, double declining balance, units of production and sum-of-years'-digits.
Reconciliations and receivables
Bank reconciliations — deposits in transit, outstanding checks, NSF checks, service charges — plus allowance for doubtful accounts, write-offs and aging schedules.
Bonds, equity and ratios
Bonds at premium or discount with both amortization methods, stock, dividends and treasury stock, and 15+ liquidity, solvency, profitability and efficiency ratios.
Managerial accounting
CVP and contribution margin, breakeven, job order, process and activity-based costing, variance analysis, master and flexible budgets.
Works with common accounting textbooks
Most US intro and intermediate accounting courses use one of these. EduSolver has been tested against problem sets from:
Warren / Jones / Tayler
Kimmel / Weygandt / Kieso
Wild / Shaw / Chiappetta
Horngren / Harrison / Oliver
Libby / Libby / Hodge
Spiceland / Sepe / Nelson
Brewer / Garrison / Noreen
Textbook problem
Beginning inventory 100 units at $10, purchases 200 at $12, 250 sold.
FIFO and LIFO
Ending inventory
Cost of goods sold
Free accounting and financial statement tools
Working through a specific calculation? These free tools solve one step at a time and show the working, so you can check each number against your own.
Three simple steps
How it
How it
works
01
Enter or upload
Type your assignment or upload an image or PDF to our platform.
02
Get instant solution
Get a detailed step‑by‑step answer with study recommendations.
03
Customize the result
Discuss the solution with AI, ask questions, and get clarifications to understand details better.
Real problems, solved step by step
A preview of how EduSolver formats a solution. Tap through to see the full work.
On March 1, ABC Company purchased equipment for $60,000 cash. The equipment has an estimated useful life of 5 years and a residual value of $5,000. Record (a) the purchase, and (b) depreciation expense for the first year using the straight-line method. The company's fiscal year ends December 31.
Answer
$11,000 per year
Step-by-step
See full step-by-step solution
1
Record the purchase (Mar 1)
2
Compute annual depreciation
3
Record depreciation for year 1 (Dec 31)
4
Why this works
At year-end, XYZ Corp reports: Sales Revenue $320,000; Cost of Goods Sold $180,000; Operating Expenses $70,000; Dividends $20,000. Prepare the closing entries and determine the ending balance of Retained Earnings if the opening balance was $50,000.
Answer
$70,000
Step-by-step
See full step-by-step solution
1
Close revenue accounts to Income Summary
2
Close expense accounts to Income Summary
3
Close Income Summary to Retained Earnings
4
Close Dividends to Retained Earnings
Why students choose EduSolver for Accounting AI Solver
24/7 instant and accurate answers
Late-night cramming or a problem set due tomorrow — answered while the textbook is still open.
Covers school and university subjects
From middle-school basics through AP, college, and exam-level material.
Step-by-step, easy-to-follow explanations
Every stage of the method is shown, not just the final answer.
Free account — no credit card required
Run a real problem through the solver before you pay anything.
Uniqueness guaranteed, anti-plagiarism focused
Teaches you the method to write the answer yourself — not how to copy one.
Supports photos, text, and files
Snap a worksheet, a handwritten page, or a textbook screenshot.
Beyond homework — study smarter
Use EduSolver for more than Accounting AI Solver homework — review concepts, compare explanations, and prep for tests with the full study toolkit.
Q&A Library
Browse millions of solved questions across every subject — searchable, with step-by-step working.
Open Q&A LibraryFlashcards
Auto-build decks from your notes, study with spaced repetition, share with classmates.
Open FlashcardsSummarizer
Turn lectures, PDFs, YouTube and audio into focused summaries you can revisit in minutes.
Open SummarizerQuiz Generator
Generate multiple-choice, true/false and short-answer quizzes from any source — graded instantly.
Open Quiz GeneratorGPA Calculator
Compute weighted GPAs across semesters and project the grade you need next term.
Open GPA CalculatorFinal Exam Calculator
Work out exactly the score you need on the final to hit your target course grade.
Open Final Exam Calculator120k+
students helped
4.8 / 5
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Step-by-step
working on every Accounting AI Solver question
Who is it for?
Intro accounting students
Master journal entries, adjusting and closing entries, FIFO/LIFO inventory, and depreciation methods.
Intermediate / advanced students
Tackle bonds, leases, stockholders' equity, consolidations, and full statement preparation.
CPA & MBA candidates
Practice problems, ratio analysis, and managerial topics (CVP, variances, ABC costing).
How EduSolver stacks up
Capability
EduSolver
Generic ChatGPT
Dedicated to accounting curriculum
Verifies debits = credits automatically
Reads photo of textbook page (OCR)
Paid plan only
Uses GAAP by default (not IFRS unless asked)
Inconsistent
Generates similar practice problems
Free account, no credit card
Signup + card on paid plans
Step-by-step output with journal entry tables
Plain text
Frequently Asked Questions
Is there a website that solves accounting problems?
Yes — EduSolver's AI Accounting Solver is built specifically for this. Paste a problem in plain text, attach a photo of the textbook page, or upload a PDF. You get a step-by-step solution with journal entries, T-accounts, computed ratios, or filled-in statements — usually in under 10 seconds. The free tier includes several solutions per day with no credit card required.
Can ChatGPT answer accounting questions?
ChatGPT can attempt accounting problems, but it's a general-purpose assistant. It often mixes up GAAP vs IFRS rules, skips required journal entries, or guesses at a calculation format. EduSolver uses models tuned for accounting logic — debits and credits always balance, depreciation methods are applied correctly, and every step is shown.
Which AI is best for learning accounting?
Pick a tool that explains the why, not just the answer. EduSolver shows every step: which account is debited, why, and how the entry flows to the balance sheet or income statement. It also generates practice problems and adapts to your course level from intro financial accounting to CPA prep.
How do I solve accounting homework with AI?
Three steps: (1) paste the problem text, attach a photo of your textbook, or upload a PDF; (2) click Send — the solver reads the problem, identifies the accounting topic, and works through it step by step; (3) review the solution, ask follow-up questions for clarification, or generate similar practice problems. Free to use with a free account, no credit card required.
What accounting topics does EduSolver cover?
Financial accounting: journal entries, adjusting entries, closing entries, trial balance, income statement, balance sheet, cash flow statement (direct and indirect), retained earnings, bank reconciliation, inventory (FIFO, LIFO, weighted average), depreciation methods, bonds, stockholders' equity, and all major ratios. Managerial accounting: CVP, variances, job costing, process costing, budgeting. Intro auditing and tax questions are also supported.
Is EduSolver free to use for accounting homework?
Yes. Create a free account (no credit card required) to use the AI accounting solver — you get a set number of step-by-step solutions per day, saved chat history and access to flashcards and summaries. PRO ($7.99/month or $59/year) unlocks unlimited solutions, advanced AI models for harder problems, photo solve, PDF chat, and exam prep tools.
Is there a ChatGPT or GPT for accounting?
There are several community-made GPTs in the ChatGPT store, but they are wrappers with no accounting-accuracy checks. EduSolver is a dedicated accounting solver that runs multiple models in parallel, verifies balancing (debits equal credits, statements tie out), and shows full step-by-step work in a chat-style interface.
Can I use AI to solve homework from my textbook (Warren, Kimmel, Wild, Horngren)?
Yes. Upload a photo or PDF of the page and EduSolver reads the problem directly — numbers, tables, and all. It handles problems from the most common US accounting textbooks including Warren/Jones/Tayler, Kimmel/Weygandt/Kieso, Wild/Shaw/Chiappetta, Horngren/Harrison, and Libby/Libby/Hodge.
Is there a free AI accounting solver?
Yes. EduSolver's accounting solver works on a free account with no credit card — you get a set number of step-by-step solutions per day. PRO removes the daily limit and adds photo solve and PDF chat.
Can I take a photo of an accounting problem and get the steps?
Yes. Upload a photo of the textbook page, a scanned worksheet, or a PDF. The solver reads the numbers and tables from the image and works through the problem step by step.
Does it handle managerial accounting as well as financial accounting?
Both. Financial: journal entries, adjusting and closing entries, trial balance, the three statements, inventory methods, depreciation, bonds and ratios. Managerial: CVP, variance analysis, job and process costing, and budgeting.
Is using an AI accounting solver allowed for homework?
That depends on your instructor's policy — check it before you submit anything. The solver is built to show the working, so the intended use is to check your own steps and understand where a number came from. See our academic integrity policy for how we frame this.
Use EduSolver when you want to understand Accounting AI Solver, not just finish it.
Free account — no credit card required.