BankStatementParser: Expense Category Automator
Automatically categorizes transactions from bank statements and generates tax-ready expense reports for self-employed people and small business owners.
The Problem
Self-employed workers and small business owners manually categorize hundreds of transactions monthly for tax purposes, spending 3-5 hours on bookkeeping that could be automated. Current solutions (QuickBooks, Wave) are either too expensive or require manual entry/categorization, while bank APIs don't solve the categorization problem itself.
Target Audience
Freelancers, contractors, and solopreneurs (especially in US/UK) who file their own taxes and need to track deductible expenses without hiring an accountant.
Why Now?
LLMs are now accurate enough to replace regex-based categorization rules, and AI tools like Cursor make building this a 2-week project instead of months.
What's Missing
Existing tools force users to choose between manual labor or expensive accounting software; there's no lightweight middle ground that just reads statements and intelligently sorts them.
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