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Before you begin

Your company should already be synced, so masters, ledgers, and open bills and invoices are available. The matching engine uses those open bills and invoices to reconcile payments and receipts for you.

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Two ways in

Starting from the ledger row sets the ledger for you.

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Fill in the panel

  1. Confirm the Ledger.
  2. Set the Account Type: Bank or Credit Card.
  3. Pick the Bank Name from the dropdown.
  4. Drop your statement file into the panel, or click browse.
Extraction then runs. AI Accountant reads the statement, categorises each transaction, and matches it against your open bills. This can take a few minutes.

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Credit card statements

Upload the credit card statement PDF your bank sends you. AI Accountant extracts every transaction and predicts the voucher type and ledger for each one. There is no page limit. Select your credit card ledger, set Account Type to Credit Card, and choose the issuing bank. Supported banks: HDFC, ICICI, Axis, SBI, American Express, Standard Chartered, Kotak Mahindra, IDFC FIRST, and YES Bank. Your statement must be:
  • The original PDF from the bank, with selectable text. Scanned or photographed statements will not work.
  • A regular monthly statement. Annual statements are not supported yet.
  • Complete, including the statement summary. AI Accountant uses it to check the totals.
If an upload fails, see Troubleshooting banking.

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Check the status

Under Statements in the same panel, every file you have uploaded is listed with its status and the period it covers. A green Extracted tag means the transactions are in. Close the panel. On the Banking page, the Unreconciled count on that ledger’s row updates with the number of transactions extracted.

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What the AI does during extraction

Every prediction is a starting point. You verify it in Needs Review before anything moves on.