Intelligent Bank Reconciliation
Upload bank statements or connect via Xero, and TaxStats AI will help you reconcile transactions, identify unmatched items, and flag discrepancies. It generates multi-tab reconciliation workbooks in XLSX format with summary sheets, matched items, and exceptions — ready for review.
Transaction Categorisation
Ask TaxStats AI to categorise transactions by nominal code, VAT treatment, or client matter. It understands UK chart of accounts conventions, VAT categories (standard, reduced, zero-rated, exempt), and common bookkeeping patterns. Process hundreds of transactions in the time it takes to do ten manually.
Xero Integration
Connect your Xero organisation to pull trial balances, transaction lists, invoices, and bank feeds directly into TaxStats AI. Analyse patterns, identify missing entries, reconcile VAT returns against the books, and generate management reports — all without leaving the platform.
From Bookkeeping to Advisory
TaxStats AI doesn't just do the data entry. It spots anomalies (unusual transaction amounts, duplicate payments, missing sequences), suggests tax-saving opportunities, and helps you turn raw bookkeeping data into valuable advisory insights for your clients.
Key Features
- ✓ Bank reconciliation workbook generation
- ✓ Transaction categorisation by nominal code
- ✓ VAT categorisation (standard/reduced/zero/exempt)
- ✓ Xero integration (trial balance, transactions, invoices)
- ✓ Google Drive file upload and processing
- ✓ Anomaly detection for unusual transactions
- ✓ Management report generation
- ✓ Multi-period comparison analysis
- ✓ CSV import for bank statements
- ✓ Exportable reconciliation workpapers