Adam by Tyms Reviews

My wife and I are founders and operators of a small nonprofit, and obviously need a means of tracking our finances. Since launching in 2023, we've used iFinance on Mac and have been generally happy, but it does require a monthly subscription to connect to our financial institution and it requires manually assigning transactions to expense categories.

After logging in to Adams by Tyms, I was able to quickly train it to categorize my expenses. That's the good news. The bad news is that importing 2 1/2 years of financial transactions was not pain-free. The import tool would only reliably handle probably 30 transactions at a time, so I had to break my CSV into multiples and work thru it carefully. But once the transactions were finally imported, the transactions were indeed properly categorized and the balance matched my bank's balance.

I do wish there was a little more granularity for categorization, such as sub-categories for expense accounts. I can easily categorize expense/advertising, but it would be nice to at least go one level deeper such as expense/advertising/LinkedIn or expense/advertising/Google-Ads, etc. Our charity also makes Grants and Contributions to other charities, so it would be nice to have a "Program Service Expenses" account with a "Grants and Contributions" category with a sub-category with the receivers' name.

And while I'm giving my wish list, simple sorting of table by column, would be nice. I'm finding it frustrating to hunt thru expense accounts looking for a specific accounting code. If I could just sort by code, it would be MUCH easier. And I would also like the ability to attach check images to line-item transactions. iFinance allowed that, and it was useful to see who checks were written to and when cashed, etc.

But so far, I'm impressed with the daily bank updates and automatic categorizations. I haven't played with AI chat too much but look forward to it when I have a bit more experience with the software. It honestly feels like early days for Adam by Tyms, but if they keep working on it, I'll be happy I jumped in early, and will also be very happy to add stars to my review.

**UPDATE 250831**
I've added three suggestions to the feature request site and all of them have already been elevated to PLANNED status, so that's very promising. I'm excited to see this software grow and improve. I will report back as progress is made.

Adam makes managing finances feel effortless. It's clean, intuitive, and founder-friendly. It’s the rare tool that actually helps a small team run like a big company.

I purchased two tier 3 licenses - one for each business - and I can't believe this isn't the top seller on AppSumo. First, you can put multiple companies into one dashboard - so you don't have to log into different accounts. And you could add as many businesses as you want into your one account assuming you have multiple licenses. So that's convenient.

The program itself is way beyond most appsumo deals - very advanced and high quality and not a program that you'd normally find on sale for such an incredible deal. Its easy to connect your bank account(s) (live sync) - it auto imports your transactions and all of the important info for you. It automatically creates your P&L and balance sheet. You can also just type to the Adam AI and have it create specific dashboards for you so you can quickly see all of your most important metrics - and the charts/dashboards look very good.

I don't like looking into quickbooks and trying to figure things out in there. Even logging into the program is a pain - not to mention finding the things you need inside of QB if you're not an accountant/familiar. I've had it for years and still don't like using it.

BUT I'm a business owner and needed a way to keep an eye on things in a way that allows me to quickly make decisions for my business. I was trying to combine AI and reports from quickbooks to accomplish what Adam does out of the box. It's my new Go-To for accounting in my businesses.

Being able to have all transactions live synced with my bank account, have the AI create reporting dashboard and having the ability to ask the AI any questions you want about your finances is crazy useful! It's like having the most knowledgeable bookkeeper, accountant, and financial advisor available to answer any questions I have 24/7.

It's got light/dark mode, the owner, Ibrahim, is on the chat and has extensively helped me with figuring things out. He's awesome as well.

If you're a business owner, don't miss this one because it's truly an incredible software for keeping track of your finances.