01 · Extraction
Statement read line by line
Every line of the PDF is captured and the running balance checked against the bank's closing figure.
| Date | Description | In | Out | Balance |
|---|---|---|---|---|
| 02/01 | Opening balance | 12,400.00 | ||
| 05/01 | Client receipt — INV 1042 | 4,800.00 | 17,200.00 | |
| 09/01 | Office rent — January | 1,250.00 | 15,950.00 | |
| 15/01 | Software subscription | 89.00 | 15,861.00 | |
| 28/01 | Client receipt — INV 1043 | 2,350.00 | 18,211.00 |
02 · Categorisation
Each transaction given a home
Lines are assigned to the client's chart of accounts by hand and can be exported to CSV or Excel at any time.
| Transaction | Account |
|---|---|
| Client receipt — INV 1042 | 4000 Sales |
| Office rent — January | 7100 Rent |
| Software subscription | 7500 IT & software |
| Client receipt — INV 1043 | 4000 Sales |
03 · Trial balance
Balanced to the penny
Bank postings and journals combine into a trial balance for any period, with year-end versions on the client's own year end.
| Account | Debit | Credit |
|---|---|---|
| 1200 Bank current account | 18,211.00 | |
| 3000 Share capital / opening equity | 12,400.00 | |
| 4000 Sales | 7,150.00 | |
| 7100 Rent | 1,250.00 | |
| 7500 IT & software | 89.00 | |
| Total | 19,550.00 | 19,550.00 |
Talk to Tyche about your books
Tell us how many sets of books you keep and how often statements arrive, and we'll confirm what we can take on.