AI opening balances
An AI workflow reads source documents and drafts the client's opening balances for your review.
The problem it solves
Setting opening balances with manual journals is slow and error-prone.
How it works
- Provide the source documents.
- AI extracts and drafts the opening balances.
- Review and approve them.
What your practice gets
- Opening balances without manual journals.
- Progress visible.
- You approve before posting.
Questions accountants ask
Are balances posted automatically?
No. You review and approve.
Which documents work?
Prior-year statements, trial balances and similar.
Can I adjust them?
Yes.
Related features
Features that work alongside ai opening balances.
Loan repayment import
AI extracts loan repayment schedules so repayments can be split into principal and interest and imported.
Client upload invitation
Generate a link, and an email, so the client can upload documents to MYLEDGER without logging in.
Cross-source duplicate detection
Catch the same bank line arriving from two sources, such as a feed and a statement, and stop two imports from running at once.
Automatic document routing
Uploaded documents are classified and sent to the right extractor: bank statement, receipt or financial statement.
Fix unusual statement layouts
MYLEDGER analyses an uploaded sheet and restructures messy transaction data into a usable form.
Upload Hub
One page for every way of getting client data in: AI upload, CSV, bank statements, opening balances, amortisation schedules, receipts and rental statements.
VideoSee it working in your practice.
Start with one workflow and adopt more of the connected practice system over time. Your team reviews and approves the work.
14-day free trial. A payment method is required to start. Your paid subscription starts automatically when the 14 days end; cancel during the trial and you pay nothing. After the trial, a 6-month minimum term applies, then month-to-month. Commit to 12 months up front and the monthly price is 20% lower. See pricing.