Sahl.tax

Automated Bank Statement Processing: Transform Your UAE Business Accounting

Manual bank statement processing is time-consuming, error-prone, and costly. Discover how Sahl.Tax's AI-powered bank statement processing can revolutionize your accounting workflow.

The Challenge of Manual Bank Statement Processing

UAE businesses face significant challenges when processing bank statements manually:

  • Hours spent on data entry for each month's transactions
  • High risk of human error in transaction categorization
  • Difficulty maintaining consistent coding across transactions
  • Delayed financial reporting due to processing backlogs
  • Challenges reconciling multiple bank accounts
  • Increased costs for bookkeeping staff or outsourced services

How Sahl.Tax Automates Bank Statement Processing

Sahl.Tax uses advanced artificial intelligence to transform raw bank statements into organized, categorized financial data:

The Processing Pipeline

  1. Upload: Import bank statements in PDF, CSV, or Excel format
  2. Extract: AI extracts transaction details including dates, amounts, and descriptions
  3. Categorize: Machine learning algorithms classify each transaction into appropriate accounting categories
  4. VAT Detection: Automatically identifies VAT-applicable transactions and calculates input/output VAT
  5. Reconcile: Matches transactions with invoices and existing records
  6. Review: Present processed transactions for quick verification and adjustment

Key Features of Sahl.Tax Bank Processing

High Accuracy Rate

AI-powered categorization achieves high accuracy rates, learning from your corrections to improve over time.

Multi-Bank Support

Process statements from UAE banks including Emirates NBD, ADCB, FAB, Mashreq, RAKBANK, and more.

Automatic VAT Handling

Identifies VAT-applicable transactions and automatically calculates the correct VAT amounts for compliance.

Smart Learning

The system learns from your categorization preferences and applies them to future transactions automatically.

Benefits for UAE Businesses

  • Time Savings: Reduce bookkeeping time by up to 90% compared to manual processing
  • Cost Reduction: Lower dependency on expensive bookkeeping services
  • Improved Accuracy: Eliminate manual data entry errors
  • Real-Time Insights: Access up-to-date financial data immediately after processing
  • Tax Compliance: Automatic VAT categorization ensures FTA compliance
  • Audit Ready: Maintain clear transaction trails for FTA audits

Supported UAE Banks

Sahl.Tax supports bank statement processing from major UAE financial institutions:

Emirates NBD
First Abu Dhabi Bank
ADCB
Mashreq
RAKBANK
Dubai Islamic Bank
Commercial Bank of Dubai
And more...

Getting Started with Bank Statement Processing

  1. Sign up for a Sahl.Tax account (free tier available for businesses under AED 300,000/year)
  2. Download your bank statements from your online banking portal
  3. Upload the statements to Sahl.Tax
  4. Review the AI-categorized transactions
  5. Make any necessary adjustments (the system learns from your changes)
  6. Your books are now updated and VAT-ready

Start Processing Bank Statements Automatically

Stop spending hours on manual data entry. Let Sahl.Tax handle your bank statement processing while you focus on growing your business. Free tier available for micro-businesses, or start a free trial of any paid plan.

Start Free Trial