FinLedger

AI bookkeeping and tax automation for UK small businesses

2K+

Small Businesses

100K+

Transactions / month

95%

Auto-categorisation Accuracy

80%

Bookkeeping Time Saved

The Challenge

UK small businesses were spending 5+ hours per week on bookkeeping and paying accountants thousands annually for basic tax filing. The founders needed an AI-first accounting tool that auto-categorises transactions, handles MTD (Making Tax Digital) VAT filing, and generates tax-ready reports — making accountants optional for basic compliance.

The Solution

Ubikon built a Next.js accounting platform with Plaid for automatic bank feed ingestion, GPT-4 powered transaction categorisation (95% accuracy), double-entry ledger with real-time P&L and balance sheet, HMRC MTD API integration for one-click VAT filing, and Stripe billing for the SaaS subscription layer.

How We Built It

Accounting Engine

Double-entry ledger design, chart of accounts, multi-currency support, financial statement generation.

Bank Integration

Plaid Open Banking API for automatic bank feeds, transaction deduplication, reconciliation engine.

AI Categorisation

GPT-4 transaction classifier trained on UK accounting categories, learning from user corrections.

Tax Module

HMRC MTD API integration, VAT calculation engine, quarterly filing automation, Corporation Tax estimates.

Launch

Beta with 100 businesses, accountant partner programme, ICAEW endorsement, public launch to 2K+ businesses.

"FinLedger categorises my transactions with 95% accuracy and files my VAT returns in one click. I used to spend 5 hours a week on bookkeeping — now it is 30 minutes. Ubikon built an AI accounting tool that actually works."

Emily Richardson

Founder, FinLedger