💼 Product Update — 16/9/2025

Welcome to our weekly product update. Each week, we highlight Briefcase’s latest features and AI improvements designed to make bookkeeping and accounting workflows simpler and more efficient. Here’s what’s new.

Bank statement extraction

We've launched automatic bank statement detection and extraction. Upload PDFs or images of bank statements, and we'll automatically route them to the Bank tab and extract essential information including bank name, opening/closing balances, and all transactions. You can then export transactions in Xero or QuickBooks format based on your connected ledger.

How it works:

1. Upload bank statements via web, email, or WhatsApp

2. Briefcase automatically detects document type and extracts data

3. Access extracted data in the Bank tab

4. Export transactions in format of the connected ledger

Mark invoices as prepayments

While Briefcase automatically detects most prepayments, you can now manually mark any invoice as a prepayment from the transaction details page. We'll attempt to create a valid prepayment schedule, or provide an empty template if we can't generate one automatically.

Email content for email originated transactions

Email content is now automatically attached as a secondary attachment for every transaction originating from the email, preserving important context that may not appear in the invoice itself.

Company registration name in VAT validation

As a part of transaction processing Briefcase extracts VAT number and compares it against HMRC database to find out if it’s valid or not. Now we also return the VAT registered name from HMRC.

That’s all for this week. Have any questions, ideas or feedback? Hit reply to this email and let us know.