Monetary

Monetary, the new name for DebtBook, does one specialised job: replacing the spreadsheets that US public-sector finance teams use to track bonds, cash, investments, leases and IT subscriptions, and producing the GASB disclosures their auditors expect. For an accountancy practice it only matters if the firm audits or advises US governmental or nonprofit bodies.

What it does well. Its coverage of GASB 87, GASB 96 and the investment standards is the reason customers buy it, turning amortisation schedules and note disclosures from manual work into exports. Lease and subscription management on the Complete tier comes with unlimited users, so auditors can be given direct access instead of being sent workbooks, which shortens fieldwork. Marty is a careful use of AI: the company says answers are grounded in the organisation's own data and link back to their source, which is how AI should be used on audited balances. AI data entry reduces the keying when a large lease or software portfolio is first loaded. A customer base the company puts at more than 2,000 organisations suggests a mature product, and the rebrand changes the name rather than the platform.

Where it falls short. It is entirely US and GASB-focused, with no relevance to UK public-sector accounting under IFRS 16 or to UK practices. Prices are not published: every product is quoted, the lease module has a Starter tier for up to 15 agreements with two users and a Complete tier with unlimited agreements and users, and there is no free trial. The site mentions ERP export but names no specific ledger integrations, so check how journal output reaches the general ledger in practice. Expect some confusion while documents, audit files and search results still use the DebtBook name. Private-sector companies under ASC 842 have broader lease accounting options.

Best for. US state and local governments, universities, hospitals, utilities and transport authorities with debt portfolios and many leases or subscriptions, and the audit firms that serve them. In a demo, load a sample of real leases through the contract extraction, check the GASB 96 journal output against your own schedule, and ask Marty questions you already know the answer to.

Verdict. A strong specialist for US public-sector treasury and GASB lease work with sensibly designed AI, now under a new name, but too narrow for anyone outside that market, including all UK practices.