Dual-Core Safety Architecture: The AI extracts transaction details, but never does accounting arithmetic. All journal entries, ledgers, and final accounts are generated by immutable double-entry code verified with integer paise.
Built for your friend’s business
Peace of mind for your daily bookkeeping.
Describe sales, purchases, bank transfers, or bounced cheques in natural words. Confirm what the AI understood, then let double-entry rules build your CA-ready final accounts.
Accounting Equation:
Assets: ₹0.00
=
Liabilities: ₹0.00
+
Equity: ₹0.00
✓ Balanced
Recent Transactions
Why LedgerFriend Solves the "AI Mistakes" Problem
1. AI Classifies, Never CalculatesGuaranteed
2. Plain English Human-in-the-Loop ConfirmationBefore Posting
3. Unclear Entries Stay in Review QueueZero Risk
4. 100% Immutable Reversals (CA Audit Trail)No Overwrites
5. Bank Overdrafts Classify as LiabilitiesSafe
Designed strictly for Indian sole proprietors (retailers, freelancers, traders). Partnerships, LLPs, and companies with complex dividend/statutory laws are rejected by policy.
01 · Describe→02 · AI Extracts→03 · Plain-Language Review→04 · Confirmed Post
What happened in your business?
Speak or type in plain English, Hindi, or Hinglish. Mention the amount and payment method.
Ollama local connection: http://127.0.0.1:11434 (Automatic fallback to built-in rules parser if offline).
Step 2 & 3: Review Verified Details
The AI pre-fills this form. You have the final say before any journal line is committed.
General Journal (Double-Entry Book of Original Entry)
Every entry has equal debits and credits. Reversals create an immutable audit record.
General Ledger (T-Accounts & Running Balances)
Inspect all postings and running balances account by account.
Trial Balance
Summary of net debit and credit balances. Confirms arithmetic equilibrium.
✓ Equilibrium Check
The 3 Final Accounts of a Sole Proprietor:
1. Trading Account (Gross Profit) → 2. Profit & Loss Account (Net Profit) → 3. Balance Sheet (Financial Position).
Closing stock must be counted and valued at the lower of cost or net realizable value (NRV).
Account 01 of 03
Trading Account (For Cost of Goods Sold & Gross Profit)
Account 02 of 03
Profit & Loss Account (For Operating Net Profit / Loss)
Account 03 of 03
Balance Sheet (As at Period End)
✓ Both Sides Match
Human-in-the-Loop Quarantine
Needs a Human Look (Review Queue)
Ambiguous, incomplete, or unverified transactions are kept safely in this review queue. They have zero accounting effect on your general ledger, trial balance, or final accounts until you review, clarify, and approve them.
Asset Accounting
Fixed Asset Depreciation Calculator
Small businesses own equipment, furniture, laptops, and vehicles. Fixed accounting requires recognizing depreciation expense without guessing math.
Calculate Depreciation
Current Fixed Assets Schedule
Hackathon Judge Verification
Textbook Accounting Accuracy Benchmark
Tests 15 diverse transactions against gold-standard accounting rules to evaluate classification accuracy and safety.
Test Cases15Textbook standard
Arithmetic Safety100%Zero AI math
Classification Accuracy—Ollama / Rules engine
Unclear Inputs Quarantined—No false tallies
Business Profile & Scope Check
Local Open-Source AI Configuration
Connects directly to your local Ollama instance (e.g. Qwen 2.5 7B, Gemma 2 2B, or Llama 3.2 3B). Financial records never leave your machine.
Ollama status: Ready to test on http://127.0.0.1:11434
Chartered Accountant (CA) Handover
Export complete double-entry records so your accountant can file returns and audit with zero friction.