Web app

LedgerBox logo

LedgerBox

LedgerBox extracts data from financial documents such as bank statements, invoices, and receipts. It processes every row and returns a clean spreadsheet, flagging uncertain items for review.

Platform
Web app
Categories
AI Accounting Assistant, AI Product Description Generator
Indexed
2024-02-19

About LedgerBox

What is LedgerBox

LedgerBox is a tool that converts financial documents like bank statements, invoices, receipts, pay stubs, and purchase orders into structured spreadsheets. It uses computer vision to detect table structures and extract line items exactly as printed, without aggregations or dropped rows. The tool is designed for bookkeepers, accountants, and small firms that need to reduce manual data entry. It integrates with QuickBooks, Excel, and Google Sheets, and supports exports in CSV, XLSX, QBO, and JSON formats.

Key features

LedgerBox offers several key features:

  • Document processing: Handles PDF, JPG, PNG, and HEIC files, including rotated photos and multi-page statements.
  • Accuracy: Extracts every row and column in order, with no heuristics or category guesses. Uncertain rows are flagged with a reason.
  • Reconciliation: Automatically reconciles totals to printed closing balances.
  • Integrations: Exports to QuickBooks (CSV and QBO), Excel, and Google Sheets. Approved documents can be posted as balanced journal entries.
  • Security: Enterprise-grade, third-party audited, and approved by Intuit.
  • Institution guides: Dedicated statement guides for 10,000+ banks and credit unions across the US, Canada, UK, and Australia.

Use cases

LedgerBox is used by solo bookkeepers, freelancers, and small firms to process financial documents efficiently. Common use cases include:

  • Bank statement extraction: Convert statements from any bank into structured data, with every transaction reconciled.
  • Invoice processing: Extract line items, tax, and totals from vendor invoices.
  • Receipt capture: Lift merchant, date, and total from photos or scans of receipts.
  • Payroll and purchase orders: Process pay stubs and purchase orders into clean rows.

The tool is particularly useful for month-end closing, audit preparation, and migrating data to accounting software.

Pricing

LedgerBox offers a free tier with 200 pages when you sign up, no credit card required. Paid plans start at $17 per month (billed yearly) for solo bookkeepers and freelancers, which includes 60 pages per month. Higher tiers offer 120 and 300 pages per month. All paid plans include review flags, all export formats (Excel, CSV, QuickBooks CSV, QBO, JSON), and encryption in transit and at rest. Annual billing saves around 30%. You can cancel anytime in the app.

Questions

LedgerBox FAQ

What is LedgerBox?
LedgerBox is an AI tool available as a web app in the AI Accounting Assistant, AI Product Description Generator categories. LedgerBox extracts data from financial documents such as bank statements, invoices, and receipts. It processes every row and returns a clean spreadsheet, flagging uncertain items for review.
What is LedgerBox used for?
LedgerBox is filed under AI Accounting Assistant, AI Product Description Generator in the AITOOLIST index. LedgerBox extracts data from financial documents such as bank statements, invoices, and receipts. It processes every row and returns a clean spreadsheet, flagging uncertain items for review.
Is LedgerBox a web app, an extension or a native app?
LedgerBox is a web app.

Listed in the AITOOLIST index since 2024-02-19.