MyLedger
Turn bank statements into financial statements in minutes with AI-assisted reconciliation. Save 90% of your reconciliation time.
What MyLedger does
Comprehensive accounting automation that transforms raw data into professional financial statements
Transform Raw Data
Convert bank statements, PDFs, Excel files, and screenshots into clean financial statements automatically.
AI Auto-Categorization
AI learns your coding patterns and automatically categorizes 90%+ of transactions accurately at 200 transactions per minute.
Smart Reconciliation
Automatically detect unusual transactions, duplicates, and missing entries. Flag anomalies for quick review.
Working Papers Suite
Division 7A management, depreciation calculations, amortization schedules, and tax compliance tools.
Chart of Accounts Management
Custom categories with GST tracking, ITR label mapping, and practice default templates for consistency.
Journal Entry System
Complete journal entry management with pre-built templates for Income Tax, PAYG, Superannuation, and more.
Financial Reporting
Generate Balance Sheets, Income Statements, Trial Balance, BAS Summary, and ITR Reports with period comparisons.
ATO Integration
Retrieve client information, accounts, lodgement, due dates. Auto-reconcile GST, PAYG, and tax payments.
Open Banking Integration
Connect directly to bank feeds for real-time transaction import. Supports multiple Australian banks.
SmartDoc - Bulk Receipt Processing
Upload receipts in bulk and automatically match them to transactions. AI extracts receipt data and links documents to ledger entries seamlessly.
Key Capabilities
Everything you need to automate your accounting workflow
Multi-Format Import
- PDF bank statements
- CSV/Excel files
- Screenshots
- Open Banking feeds
- Prior year statements
AI-Powered Processing
- 200 transactions/min
- Pattern learning
- Auto-categorization
- Comment suggestions
- Bulk operations
ATO Integration
- GST reconciliation
- BAS lodgement sync
- Account reconciliation
- Payment tracking
- Due date management
Financial Statements
- Balance Sheet
- Income Statement
- Trial Balance
- BAS Summary
- ITR Reports
Working Papers
- Division 7A loans
- Depreciation schedules
- Amortization
- Tax adjustments
- Compliance checklists
Export & Sharing
- PDF export
- Excel export
- Secure sharing links
- Client-ready reports
- Multi-format support
SmartDoc Receipt Management
- Bulk receipt upload
- Auto-match to transactions
- AI receipt data extraction
- Document linking
- Receipt categorization
How MyLedger works
From bank statement to financial statement in five simple steps
Upload bank statements or connect feeds
Import data from any format—CSV, PDF, Excel, screenshots, or direct Open Banking feeds. MyLedger handles multiple file types and processes them automatically.
AI extracts and categorizes transactions
Advanced OCR and AI technology extracts transaction data and automatically categorizes based on learned patterns. Review and adjust suggestions with one click.
AI suggests mappings and categories
The AI analyzes transactions and auto-categorizes based on learned patterns. Review suggestions with one click. Process up to 200 transactions per minute.
Reconcile with ATO data automatically
Seamlessly integrate with ATO to reconcile GST, BAS lodgements, tax payments, and account balances. Flag discrepancies for review.
Generate financial statements and export
Export professional financial statements, working papers, and reports ready for review. Generate Balance Sheets, P&L, Trial Balance, and BAS summaries.
Integration & Compatibility
Works seamlessly with your existing tools and workflows
Integrations
- Xero Practice Manager (Live)
- ATO Portal (Live)
- Open Banking (Live)
- LodgiT (Coming Soon)
- Xero Accounting (Live)
File Format Support
- PDF bank statements
- CSV/Excel files
- Scanned documents
- Screenshots
- Prior year financial statements
Browser Compatibility
- Chrome (Recommended)
- Firefox
- Safari
- Edge
- Mobile browsers supported
Export Formats
- PDF financial statements
- Excel spreadsheets
- CSV data files
- Secure sharing links
- Client-ready reports
Use Cases
Perfect for different client types and accounting scenarios
Monthly Reconciliation
Process monthly bank statements, reconcile transactions, and generate financial reports in minutes instead of hours.
Year-End Preparation
Complete year-end financial statements, tax calculations, and working papers with automated reconciliation.
BAS Preparation
Automatically reconcile GST, prepare BAS statements, and ensure compliance with ATO requirements.
Company Accounts
Handle company financial statements, profit appropriation, dividend statements, and Division 7A loans.
Trust Accounting
Manage trust distribution statements, beneficiary allocations, and trust-specific reporting requirements.
Partnership Reporting
Generate partnership financial statements, member benefit statements, and partnership-specific reports.
Outcomes you'll see
Real results from real accounting practices
To complete statements
Not hours or days
Reduction in manual work
Automated categorization
Transactions per minute
Lightning-fast processing
vs. Manual Process
- ✗Hours of data entry
- ✗Error-prone categorization
- ✗Inconsistent coding
- ✗Manual ATO reconciliation
with MyLedger
- ✓Minutes to complete
- ✓AI-powered accuracy
- ✓Consistent across clients
- ✓Automatic ATO sync
Explore MyLedger Features
Dive deeper into specific capabilities
Ready to try MyLedger?
Apply for access and experience how MyLedger can transform your accounting practice. Save 90% of your reconciliation time.