SAN FRANCISCO--(BUSINESS WIRE)--Sep 16, 2026--
Mercury, the technology company providing radically different banking* for over 300,000 customers, today launched Mercury Books, double-entry accounting software built directly into Mercury. Mercury Books uses AI to categorize and reconcile banking, card, invoicing, and bill pay activity the moment it happens, finally giving founders a real-time view of their business with no imports, exports, or manual entry required.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260916850195/en/
“In my last business, I received a spreadsheet for my books 15 days after the month closed. It used to drive me crazy trying to figure out why some cost was suddenly up. Mercury Books helps you categorize in real time and understand how each cost line item tracks to each transaction in your bank and card account,” said Immad Akhund, co-founder and CEO of Mercury.
Most accounting software predates AI that can read a transaction and understand it, so the category was built to record activity rather than interpret it: a ledger you fill in, reconcile by hand, and hand off to an accountant to verify. Mercury Books treats a business's banking data and its books as one dataset, not two systems a person has to keep in sync.
Mercury Books pulls in activity from Mercury banking, cards, invoicing, and bill pay and automatically categorizes and reconciles it all as customers build their business. Customers can also connect to thousands of external platforms like Stripe, Gusto, and PayPal, for their full financial picture. Everything is categorized and reconciled using full double-entry accounting, supporting both accrual and cash basis.
Founders today move money, get paid, and pay vendors in real time. Mercury Books puts the record of that activity on the same timeline, instead of leaving it to catch up weeks later.
With Mercury Books, customers can:
Mercury Books is available to all Mercury business customers at no cost through the end of 2026, then $35 per month.** Learn more at mercury.com/books.
About Mercury
Mercury is radically different banking* — engineered from the ground up to hold, move, and help you truly understand your money like never before. Everything you need is built in: cards*, invoicing, bill pay, spend management, real-time insights, accounting, and a financial AI agent. And because it all lives in one place, it gets smarter the more you use it — surfacing what you need, when you need it, in ways a patchwork of tools never could. To join the more than 300K entrepreneurs that trust Mercury, visit mercury.com.
*Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC. The Mercury Debit Cards are issued by Choice Financial Group and Column N.A., Members FDIC, and the IO Card is issued by Patriot Bank, N.A., Member FDIC, pursuant to licenses from Mastercard International Incorporated.
**Mercury Books is available to Mercury business customers for $35/month. For customers who subscribe on or before Dec. 1, 2026, the subscription fee will be waived through Dec. 31, 2026. Customers who subscribe on or after Dec. 2, 2026 may receive a one-month subscription fee waiver. After the applicable promotional period ends, the $35 monthly subscription fee will automatically apply unless canceled. Bookkeeping services are not included with Mercury Books. Any bookkeeping services and related fees are subject to the customer's agreement with their bookkeeper. Additional terms may apply.
Mercury Launches Intelligent Accounting with Mercury Books
NEW YORK (AP) — Wall Street is holding steady Wednesday as it waits to hear from the Federal Reserve, which traders expect will announce a hike to interest rates later in the day to help get the nation’s high inflation under control.
The S&P 500 rose 0.4% was on track for just its second gain in the last eight days. The Dow Jones Industrial Average was down 34 points, or 0.1%, as of 11 a.m. Eastern time, and the Nasdaq composite was 0.8% higher.
Stocks got help from some easing for oil prices and pressure from the bond market. The price for a barrel of Brent crude, the international standard, fell 2.5% to $106.07. had gotten to nearly $110 early this week on worries that the war with Iran will continue to clog the global flow of oil. .
That helped send the yield on the 10-year Treasury, which is the centerpiece of the bond market and dictates where rates for mortgages and other loans go, down to 4.95% from 5.00% late Tuesday. Earlier this week was the first time since 2023 that the 10-year yield topped 5%.
Even with Wednesday’s easing, the pressure remains high. Brent oil is still well above its $72 price from before the war with Iran, when the 10-year yield was at just 3.97%. Worries are so strong about inflation staying high that Wall Street sees it as a near certainty that Fed officials will announce their first hike to interest rates since 2023 later in the day.
That’s the typical move for the Fed to combat inflation, and it works by making it more expensive for everyone to borrow money, which slows the overall economy and hopefully removes fuel for prices to rise further. It also tends to undercut prices for stocks and other investments, though President Donald Trump has been lobbying for lower interest rates instead of higher.
Inflation is a worldwide problem, and the European Central Bank hiked rates across the Atlantic last week to help diminish it.
Traders are still betting on a slight chance the Fed may hold off on raising rates. If it does, the market could swing because investors may see it as a sign that the Fed is less committed to getting inflation lower.
Fed officials will also release forecasts for where they see interest rates heading in upcoming years, providing another opportunity to inject uncertainty into the market.
A report on Wednesday morning showing that shoppers spent much more at U.S. retailers last month than economists expected could embolden the Fed. It could offer a signal that the economy remains strong enough to withstand higher rates.
On Wall Street, stocks in the artificial-intelligence industry held steadier following their worldwide slide earlier in the week, after leaders of the AI industry called for a slowdown in development to address safety issues for humanity.
Nvidia rose 1.6%, and Advanced Micro Devices climbed 3.7%.
They helped offset a drop of 13.1% for J.B. Hunt Transport Services. Its chief financial officer told a conference of analysts late Wednesday that it’s facing higher costs and expects its earnings to drop 5% to 10% from the second quarter to the third.
In stock markets abroad, indexes rose across much of Europe and Asia. South Korea’s Kospi climbed 1.4% for one of the world’s biggest gains.
AP Business Writers Chan Ho-him and Michelle Chapman contributed to this report.
Michael Pistillo works on the floor at the New York Stock Exchange in New York, Monday, Sept. 14, 2026. (AP Photo/Seth Wenig)
Michael Gallucchi Traders works on the floor at the New York Stock Exchange in New York, Monday, Sept. 14, 2026. (AP Photo/Seth Wenig)
A dealer walks past near the screens showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, Sept. 16, 2026. (AP Photo/Lee Jin-man)
Members of media shoot the screens showing the Korea Composite Stock Price Index (KOSPI), the Korean Securities Dealers Automated Quotations (KOSDAQ) and the foreign exchange rate between U.S. dollar and South Korean won at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, Sept. 16, 2026. (AP Photo/Lee Jin-man)
A dealer walks past the screen showing the Korea Composite Stock Price Index (KOSPI) at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, Sept. 16, 2026. (AP Photo/Lee Jin-man)
The screens showing the foreign exchange rates are displayed at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, Sept. 16, 2026. (AP Photo/Lee Jin-man)
