Wise + Prosaic: The Unexpected Power Duo for Kiwi Contractors

We love a good shortcut—especially when it doesn’t cut corners.

If you’re a contractor, freelancer, or small business owner juggling invoices, tax returns, and foreign payments, you already know: admin is the enemy of momentum.

That’s why we’re excited about the pairing of two tools that weren’t built to work together… but do.

Prosaic: AI for the annoying stuff

Prosaic is one of the smartest tax tools we’ve seen for small business. It’s like having a tax-savvy assistant that never sleeps. With a bit of AI magic, it automatically pulls data from your bank accounts, credit cards, or even your mortgage account, and works out what can be claimed, even when those accounts aren’t connected to Xero.

This is a huge deal—especially for contractors who should be getting those home office or vehicle deductions, but don’t want to wade through personal spending to find them.

No spreadsheets. No guesswork. Just more money in your pocket at tax time.

Wise: Smart money for global contractors

Wise has long been a favourite for international transfers. But if you’re a contractor invoicing in New Zealand or overseas clients, it’s more than just a transfer service—it’s a full multi-currency and invoicing solution.

With mid-market rates, transparent fees, and a slick invoice generator (seriously, try it here), Wise lets you:

  • Receive money in multiple currencies

  • Hold balances in over 40 currencies

  • Spend directly with a debit card

  • Get paid like a local in NZD, AUD, GBP, USD, and more

We especially love how it helps reduce friction for creative contractors working with overseas clients. No more late payments due to “international banking delays”.

The bottom line

Wise + Prosaic isn’t a traditional “tech stack”—but it’s a killer combo for self-employed contractors who want to:

  • Save time at tax time

  • Stop losing money on poor FX rates

  • Impress clients with slick invoicing

  • Claim what they’re entitled to (without the pain)

At Accountech, we’re all about taking the stress out of accounting—and that means giving our clients smarter tools to get the job done right.

If you want help setting up your tax tech stack—or just want to know what’s claimable from your mortgage account—please get in touch