What CoralTree Inc does

CoralTree Inc is a privately held, bootstrapped SaaS company founded in August 2009 and headquartered in San Jose, California. It builds cloud-based collaboration software targeted at small businesses and professional services firms, with a primary focus on accountants, CPAs, and bookkeepers. The company operates two core products: Qbox, a file synchronization and collaboration platform with proprietary file-locking technology purpose-built for QuickBooks Desktop multi-user workflows; and Basil, an all-in-one accounting practice management suite covering client management, workflow automation, eSignatures with Knowledge-Based Authentication, time tracking, billing, and a no-login client portal. Both products run on Amazon Web Services infrastructure with AES encryption and integrate with a broad ecosystem including Microsoft Office, Adobe PDF, Autodesk, Bill.com, Expensify, Avalara, and the Intuit QuickBooks family.

The company generates revenue through monthly subscriptions, with Basil priced at a flat $30 per team member per month inclusive of all features, unlimited clients, and 50 GB per user of storage, and Qbox sold on tiered subscription pricing with a 30-day no-credit-card free trial. Go-to-market combines a product-led growth self-serve motion (15- and 30-day free trials via direct website signup, no credit card required) with a small inside-sales team handling mid-market conversations, plus digital marketing through HubSpot, MailChimp, Zoom webinars, and Capterra/GetApp review platforms. CoralTree claims compliance with GDPR, CCPA, and PIPEDA and serves markets including the United States, Canada, and the European Economic Area.

The company is founder-owned and controlled by Tiruvali Srinivasan (CEO) and Keshav Srinivasan (CTO), with no disclosed external institutional investors, venture capital, or private equity funding. Headcount is reported in the 11-50 range across Customer Success, Technical Support, Marketing, Sales, and Engineering functions. CoralTree has been in operation for over 16 years as a sustainable, profitable-style independent SaaS business, and has earned third-party recognition including the 2025 Accounting Today Shortlist for Qbox and multiple Capterra/GetApp badges for value, ease of use, and customer support.

Name

CoralTree Inc

Legal name

CoralTree, Inc.

Website

https://coraltreetech.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

CoralTree Inc is a bootstrapped San Jose-based SaaS company that builds cloud collaboration and practice management software for accountants, CPAs, bookkeepers, and small professional services firms. Its two core products, Qbox and Basil, enable QuickBooks Desktop file sharing and all-in-one client, workflow, and billing management.

Ownership category

akta.pro rank

Headquarters

HQ city

San Jose

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Subscription Revenue (Basil): Monthly subscription SaaS model at $30/month per team member. All features included with no add-ons. Month-to-month billing with no long-term contracts. Unlimited clients included.
2. Subscription Revenue (Qbox): SaaS subscription model with 30-day free trial. File sharing and collaboration features with pricing tiers available on pricing page. QuickBooks Desktop integration as key product.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

CoralTree Inc develops and sells two cloud-based SaaS products for accounting firms and small professional service businesses. Qbox provides real-time file sharing and collaboration for QuickBooks Desktop, Microsoft Office, and PDF files, with built-in file locking, 20-version history, and remote access. Basil is an all-in-one practice management platform offering client management, workflow automation, eSignatures with KBA, time tracking, billing, and a no-login client portal at $30/month per team member.

Product overview

CoralTree Inc offers a portfolio of two cloud-based SaaS products targeting small businesses and accounting professionals. Qbox provides file sharing and real-time collaboration for desktop accounting files (QuickBooks, Microsoft Office, PDFs), while Basil delivers comprehensive practice management for accountants, bookkeepers, and CPAs encompassing client portal, workflow automation, eSignatures, time tracking, invoicing, and document management. Both products are positioned as user-friendly, enterprise-grade alternatives at accessible price points for small businesses.

Differentiator

Problem solved

Functional benefit

Brands

• Qbox: Cloud collaboration software for accountants enabling QuickBooks Desktop remote access, file sharing, client portal, eSignatures, tasks, chat, and invoicing.
• Basil

Products and services

• Qbox Cloud-based file sharing and real-time collaboration platform designed for accountants and small businesses. Enables secure sharing of QuickBooks Desktop files, Microsoft Office documents, and PDF attachments with multi-user access, automatic file locking, synchronization, and version history (20 previous versions retained). Includes client portal, eSignatures, tasks, chat, and invoicing.
• Basil All-in-one accounting practice management software for accountants, CPAs, and bookkeepers. Delivers client management, workflow automation, document storage, KBA-compliant eSignatures, time tracking, billing, and firm analytics in a single cloud-based subscription. Priced at a flat $30/month per team member with all features included, unlimited clients, 50 GB storage per user, branded client portal, mobile app, and 24/7 support.

Quantifiable outcome

• Setup in under 1 day (vs. 3-month enterprise implementations)
• +4 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature7 records

Partnerships

Five partnerships are on record, tiered core.

• Intuit (QuickBooks)coreTechnology or IntegrationQbox is specifically designed for QuickBooks Desktop file sharing and collaboration. Integrates with QuickBooks Point of Sale, QuickBooks Enterprise, and works as a ProAdvisor recommended tool. QuickBooks Desktop does not exist without Qbox according to customers. Deep product integration enabling accountants to work on client QuickBooks files remotely.
• Microsoft OfficecoreTechnology or IntegrationQbox supports sharing and editing of Microsoft Word, Excel, and PowerPoint files. Files can be edited in-browser with version history, rollback, and real-time collaboration. Microsoft Office files sync automatically with Qbox's file locking mechanism.
• Amazon Web Services (AWS)coreTechnology or IntegrationPrimary infrastructure provider. CoralTree stores all data on AWS - databases, file storage (S3), and compute. AWS has contractual obligations and privacy policies to protect data across their global data centers. Data may be stored in any AWS facility worldwide.
• Braintree (PayPal)coreTechnology or IntegrationPayment processing partner for all billing. Handles credit card processing and storing payment information. Braintree is not permitted to retain or use personal information except for payment processing.
• HubSpotcoreTechnology or IntegrationCRM, customer support, live chats, email campaigns, promotions, visitor tracking, analytics, and website hosting. Stores contact information and company data. Primary marketing and sales operations platform.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Karbon: Karbon is a practice management and workflow platform built specifically for accounting firms. It competes head-to-head with CoralTree's Basil product in the same accountant persona, offering similar features (client management, workflow automation, collaboration, integrations).
• TaxDome: TaxDome is an all-in-one practice management platform for tax and accounting firms, bundling CRM, document management, client portal, eSignatures, workflows, and billing. It is one of Basil's most direct competitors in the SMB accounting market.
• Canopy: Canopy provides practice management software for accounting and tax professionals, including client management, document collection, workflows, and billing. It targets the same accountant and bookkeeper persona as CoralTree's Basil.
• SmartVault: SmartVault offers cloud-based document management and client portals specifically designed for accountants, with deep QuickBooks integration. It overlaps directly with Qbox's file collaboration and portal use cases for accounting firms.
• Jetpack Workflow: Jetpack Workflow provides workflow and process management software for accounting firms, including recurring work pipelines and client onboarding. It overlaps with Basil's workflow automation capabilities for the same accounting persona.
• Financial Cents: Financial Cents is practice management software built for accounting firms, featuring workflow automation, client requests, and integrations. It competes directly with Basil for SMB accounting customers seeking workflow and collaboration tools.

Broad incumbents

• Intuit (QuickBooks): Intuit owns QuickBooks Desktop and QuickBooks Online, the core accounting platform on which Qbox and Basil integrations depend. Intuit's own cloud strategy and QuickBooks Online ecosystem competes directly with CoralTree's value proposition for accountant collaboration.
• Box: Box is a broad cloud content management and file collaboration platform serving enterprises. While not accountant-specific, it competes for the same document collaboration budget and offers features like eSignatures and workflow that overlap with Qbox and Basil.
• Microsoft (SharePoint / OneDrive): Microsoft SharePoint and OneDrive, often bundled with Microsoft 365, dominate enterprise file sync, sharing, and collaboration. They compete with Qbox's file collaboration capabilities and are widely deployed inside accounting firms.
• Dropbox: Dropbox is a widely-used cloud file sync and collaboration service with version history and integrations. It competes with Qbox at the generic file collaboration layer, although it lacks Qbox's QuickBooks Desktop-specific file locking.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/coraltreetech
• Facebookfacebook.com/CoralTreeTech

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CoralTree Inc