Accuracy methodology

Accuracy claims without a methodology are marketing. This page explains exactly what we measure, how, and where the numbers stand — so you can hold us to it.

What we measure

Transaction-level precision and recall. Every extracted transaction is matched against a hand-labeled ground truth of the same statement (date, amount, description, posted/pending status). Precision asks: is every extracted row real? Recall asks: was every real row extracted? A hallucinated transaction hurts precision; a missed one hurts recall.

Reconciliation pass rate. For every statement, opening balance + the sum of posted transactions must equal the closing balance — to the cent. This check runs on every conversion you make, not just in our tests. Crucially, the extraction must also fail to reconcile on documents that are broken, truncated, or fake — an engine that quietly adjusts numbers until they add up would score worse, not better.

Document-type gate. Brochures, how-to guides, and other non-statements must be rejected outright — never mined for plausible-looking numbers.

How the test corpus works

We keep a fixed corpus of real statements — multiple countries, digital and scanned layouts, single-column and debit/credit formats, multi-page statements with pending/hold sections — plus deliberate traps: a known-fake statement whose totals don't add up, a truncated statement ("page 1 of 7"), and a marketing brochure that merely looks like a statement. Every label is machine-verified against the statement's own stated totals before it enters the corpus.

Every change to the extraction engine re-runs the entire corpus. A release ships only if precision and recall stay at or above 99% and every reconciliation verdict is correct.

Where the numbers stand

What we are NOT claiming: these results are on our current mixed international corpus. Before we charge anyone money, our launch gate requires ≥99% precision and recall on an expanded corpus of 10+ real US bank statements. We'll update this page with those numbers — including any misses.

Test it yourself

The methodology only matters if it survives contact with your statements. The CSV → QBO converter is live and free — the reconciliation check runs on every conversion. For early access to the PDF converter, email us — redacted problem statements are the most valuable thing you can send us.