How does AI extraction work?¶

AI extraction reads a receipt, bill or invoice for you and turns it into a transaction, so you don't have to type the details in by hand.

Step 1. Upload a document and choose Upload & Extract — or, for a document you've already saved, click Extract on its row. See How do I upload a document?

Step 2. myaccountant reads the document in the background and pulls out the key details — such as the supplier, date, amount, GST and a suggested category. While it's working, the document shows In Progress.

Step 3. When it's ready, the document shows Needs Review. Click Review to open the extracted details.

Step 4. Check the details and adjust anything that isn't quite right, then confirm. myaccountant creates the matching transaction in your books, and the document moves to Done.

Your monthly AI allowance¶

AI extraction uses a monthly quota, shown in the banner at the top of the Documents page. Just Save doesn't use any of it. If you reach your limit, you can keep saving documents and run extraction later, or upgrade your plan for more.

Related guides¶

• How do I upload a document?
• What do the document status filters mean?
• What file types are supported?