Temvik

Temvik is a small, UK-built tool that does one job: it takes a client's bank transactions as a CSV export or a text-based PDF statement, suggests a category for each line against the client's own chart of accounts, and hands the reviewed batch to the ledger. It does not replace the ledger and does not pretend to; the firm stays in charge of every posting.

What it does well. The confidence score is the useful part. Temvik says its AI flags low-confidence lines so a bookkeeper reviews the exceptions rather than every transaction, and nothing is exported until it has been reviewed. Exports go to Xero, QuickBooks Online, Sage or FreshBooks, and Temvik says lines it cannot match are skipped and reported rather than guessed, with each exported batch logged to help stop accidental double posting. Pricing is published in sterling and is low: a free tier for 25 transactions a month, then £19, £59 and £99 a month, with a 7-day trial.

Where it falls short. It works from uploaded files, not live bank feeds, so someone still has to collect statements from clients each period, and image-only PDFs are not supported. The security page names encryption, account isolation and GDPR readiness but not the hosting provider or region, and the site does not say whether client data is used to train its models; ask both in writing before uploading real statements. It is also a young product with no published customer base, so test it on a quiet client first.

Best for. Small UK bookkeeping practices whose clients send spreadsheets or PDF statements instead of connecting bank feeds, and who want a cheap first pass at coding before posting into Xero, QuickBooks, Sage or FreshBooks. Firms already happy with the bank rules in Xero or QuickBooks, or with a capture tool such as Dext, will get less from it.

Verdict. A focused, honestly priced coding assistant for statement-based clients. Run a month of real statements through the free tier, measure how many lines still need correcting, and check the data questions above before rolling it out.