Accounting and invoicing for small business owners
Accounting that watches your cash flow, so you don't have to.
CFO12 is accounting and invoicing software for small business owners, by Sumung Inc., that connects your bank, invoices customers and flags cash-flow risks.
Connect your bank, send invoices, pay bills and see Profit & Loss, Balance Sheet and Cash Flow reports in one place. CFO12 flags the risks and the missed money before month-end does.
No annual contract. Cancel anytime. Your accountant can join at no extra seat cost.
What CFO12 does
Everything a small business needs to keep real books, without becoming the bookkeeper.
Bank feeds through Plaid
Connect U.S. bank and credit-card accounts. Transactions import automatically and reconciliation matches are suggested for you.
Invoices that get paid
Send invoices, take online payments through a Stripe account you connect, and track who owes what with customer statements.
Bills, receipts and vendors
Record bills, capture receipts and keep vendors, products and services in one list, with sales tax calculated through TaxJar.
Real double-entry books
A chart of accounts, journal entries and bank reconciliation underneath, so your accountant never has to rebuild your numbers.
The reports that matter
Profit & Loss, Balance Sheet, Cash Flow, Trial Balance and General Ledger, exportable, with an audit trail of every change.
Proactive guidance with Pro
Ask questions in plain English, get cash-flow forecasts, runway monitoring and alerts for risks and anomalies (Beta).
CFO12 and Sumung
One platform, two editions.
CFO12 is the small-business edition of Sumung, built and operated by Sumung Inc. Sumung is the edition for CPAs, bookkeepers and firms; both work on the same books. If you arrived from sumung.com, this is the right place to sign up as a business owner.
Sumung for CPA and bookkeeping firmsPricing
Two plans. One business each. A 30-day free trial on both.
CFO12 Core
The connected financial foundation for running your business with clarity.
$20/ business / month
- Connected U.S. bank and credit-card accounts through Plaid
- Automatic bank-feed transaction imports
- Payment processing through Stripe
- Automated sales-tax calculations through TaxJar
- Income, expenses, invoices, bills, and journal entries
CFO12 Pro
Proactive financial guidance for owners who need better decisions, not more reports.
$50/ business / month
- Ask financial questions in plain English
- Proactive financial summaries and priority alerts
- Cash-flow forecasting and runway monitoring
- Revenue and expense trend projections
- Scenario planning for hiring, spending, and payments
Compare
CFO12 vs QuickBooks Online, Wave and FreshBooks
| CFO12 | QuickBooks Online | Wave | FreshBooks | |
|---|---|---|---|---|
| Built for | Small business owners who want proactive guidance, with their accountant in the same books | Small businesses and the accountants who serve them | Freelancers and very small businesses | Freelancers and service businesses that bill by time |
| Starting price (monthly billing, USD) | $20 per business per month (Early Bird) | From about $38 per month (Simple Start) | Free Starter plan; Pro about $19 per month | From about $21 per month (Lite) |
| Free trial | 30 days, every feature, no annual contract | 30 days or an introductory discount | Free plan, no trial needed | 30 days (varies by promotion) |
| Double-entry books and financial reports | Yes: P&L, Balance Sheet, Cash Flow, Trial Balance, General Ledger | Yes | Yes | Yes |
| Bank feeds | Plaid, U.S. banks and credit cards | Yes | Pro plan only | Yes |
| Online invoice payments | Stripe account you connect | QuickBooks Payments | Wave Payments | FreshBooks Payments or Stripe |
| Accountant access | Dedicated professional role plus firm team members, without using your business seats | Accountant user included | Collaborators on the Pro plan | Accountant access included |
| Proactive cash-flow alerts and plain-English questions | Yes, on CFO12 Pro (Beta) | Varies by plan | Reports and dashboards | Reports and dashboards |
| Made by | Sumung Inc. | Intuit | Wave Financial (H&R Block) | FreshBooks |
Competitor details are as published on the vendors' websites and in independent reviews in October 2026, for monthly billing in U.S. dollars; plans and prices change often, so check each vendor's site for current terms.
Questions owners ask
Frequently asked questions
What is CFO12?
CFO12 is accounting and invoicing software for small business owners, made by Sumung Inc. It connects your U.S. bank and credit-card accounts through Plaid, imports transactions automatically, sends invoices, tracks bills and produces Profit & Loss, Balance Sheet and Cash Flow reports, so you always know where the business stands.
Is CFO12 the same as Sumung?
CFO12 and Sumung are two editions of the same platform from Sumung Inc. CFO12 is the edition for business owners who run their own books. Sumung is the edition for CPAs, bookkeepers and firms that manage many clients. Your accountant can work in Sumung on the same books you keep in CFO12.
How much does CFO12 cost?
CFO12 Core is $20 per business per month at the Early Bird price, and CFO12 Pro, currently in Beta, is $50 per business per month. Every plan starts with a 30-day free trial, there are no annual contracts, and you can upgrade, downgrade or cancel at any time from your account.
Does CFO12 connect to my bank?
Yes. CFO12 connects to supported U.S. bank and credit-card accounts through Plaid, so transactions import automatically and reconciliation suggestions are ready when you sign in. Your banking credentials are handled by Plaid and are never stored by CFO12. Online payments on invoices run through a Stripe account you connect.
Can my accountant use CFO12?
Yes. Invite your CPA or bookkeeper through a dedicated professional role. They may add up to three members of their own firm team without using your included business-user allowance. You stay the owner of the account and its data, and your accountant sees the same numbers you do.
Is there a free trial?
Every CFO12 plan includes a 30-day free trial with full access to all features, including bank feeds, invoicing and reports. No annual contract is required, and you can cancel during the trial without being charged. The paid plan starts only after the first month.
Can I switch to CFO12 from QuickBooks, Wave, FreshBooks or a spreadsheet?
Yes. Start by connecting your bank accounts so recent transactions import automatically, then add customers, vendors, products and opening balances. Because CFO12 keeps full double-entry books with a chart of accounts and journal entries, your accountant can carry balances over from QuickBooks, Wave, FreshBooks or a spreadsheet.
Is my financial data secure in CFO12?
Bank credentials are handled by Plaid rather than shared with CFO12, financial data is transmitted over encrypted connections, and every business is isolated in its own workspace with role-based access for the people you invite. Multi-factor authentication is available on every account, and you control who can see and edit your books.
What does CFO12 Pro add?
CFO12 Pro, currently in Beta, adds proactive guidance on top of Core: ask financial questions in plain English, receive summaries and priority alerts, forecast cash flow and runway, project revenue and expense trends, and get risk, anomaly and opportunity detection with suggested categorization and reconciliation matches.
Who makes CFO12?
CFO12 is built and operated by Sumung Inc., the company behind the Sumung platform used by CPA and bookkeeping firms. Both products share one accounting engine, one security model and one support team, so a business owner on CFO12 and an accountant on Sumung always see the same numbers.
Start letting your books watch back.
Start free trialCFO12 is built and operated by Sumung Inc.