For insolvency practitioners
Uncover voidable paymentsin hours, not days.
LedgerSignal reads every bank statement in a matter and surfaces the payments worth a closer look: related parties, director loans, transfers out, cash and gambling before appointment. Your team spends its time on the claims, not the spreadsheet.
| Date | Particulars | Debit | Credit | Balance |
|---|---|---|---|---|
| 01/05 | Opening balance | 48,210.55 | ||
| 02/05 | Customer payment Harris Pool House | 12,400.00 | 60,610.55 | |
| 05/05 | Transfer to Mitchell Holdings Pty | 18,000.00 | 42,610.55 | |
| 06/05 | Sportsbet *4421 Melbourne | 1,250.00 | 41,360.55 | |
| 09/05 | ATO BPAY 551 004 118 | 9,872.00 | 31,488.55 | |
| 12/05 | Bunnings Trade Penrith | 3,978.52 | 27,510.03 | |
| 14/05 | Transfer from 34217896 | 15,000.00 | 42,510.03 | |
| 16/05 | ATM withdrawal Penrith | 2,000.00 | 40,510.03 | |
| 20/05 | J Mitchell director loan | 25,000.00 | 15,510.03 | |
| 23/05 | Afterpay | 640.00 | 14,870.03 | |
| 27/05 | Wages May | 11,330.00 | 3,540.03 | |
| 30/05 | Closing balance | 3,540.03 |
| Date | Description | Tags | Amount |
|---|---|---|---|
| 02/05/2025 | Customer payment Harris Pool House | 12,400.00 | |
| 05/05/2025 | Transfer to Mitchell Holdings Pty | −18,000.00 | |
| 06/05/2025 | Sportsbet *4421 Melbourne | −1,250.00 | |
| 09/05/2025 | ATO BPAY 551 004 118 | −9,872.00 | |
| 12/05/2025 | Bunnings Trade Penrith | −3,978.52 | |
| 14/05/2025 | Transfer from 34217896 | 15,000.00 | |
| 16/05/2025 | ATM withdrawal Penrith | −2,000.00 | |
| 20/05/2025 | J Mitchell director loan | −25,000.00 | |
| 23/05/2025 | Afterpay | −640.00 | |
| 27/05/2025 | Wages May | −11,330.00 |
- Source
- NAB 7865 4321 · May 2025.pdf · page 7
- Balance after
- $15,510.03
Pick a row on the right to find it on the page.Sample matter, made-up data
“We can now review thousands of transactions in hours instead of days. Finding voidable transactions no longer requires manually sorting through bank statements.”
Through the matter
Built around the work of an appointment.
The books and records arrive late and incomplete. The report to creditors has a deadline. LedgerSignal shortens the part in between, where someone retypes statements into a spreadsheet.
On appointment
Upload the whole bundle
Combined statements, scans and 400-page exports from the bank. LedgerSignal splits them into accounts and statement periods and flags any gap between an account's statements, so you know what to request.
Investigation
Find the payments that matter
Transfers between the company's own accounts are matched for you. Payments to the related parties you list, gambling, cash, wages, loans and BNPL are tagged before you start. Ask for anything else in plain English.
Reporting
Hand over figures you can stand behind
Notes and tags stay with each transaction for the whole team. Export the rows behind a finding with the file and page each came from.
Examination
Answer the challenge on the spot
When a director disputes a figure, open the statement beside its transactions and pick the row to see its line marked on the page, in the meeting or the examination room.
Signals
Signals for review, each with its confidence.
Every tag shows how sure LedgerSignal was, and a tag you remove stays removed. You decide what it means for the matter.
| Signal | How LedgerSignal finds it | Rows |
|---|---|---|
| A debit in one of the company's accounts matched to the same credit in another. Close ties are left for you to pick. | 38 pairs | |
| Matched against the directors, relatives and entities you list on the case. | 11 | |
| Bookmakers, casinos and betting apps, read from the description. | 24 | |
| ATM and over-the-counter withdrawals, and cash deposits. | 19 | |
| Read from the description by a decision model and tagged when it is the most likely category. | 212 |
LedgerSignal finds the candidates. Whether a payment is voidable stays your call, because it turns on the relation-back day, creditor status and your judgement.
Accuracy
Checked against the statement, not taken on trust.
99%1
of rows extracted exactly from real Australian statements, including a scanned NAB savings account.
Every
statement's debit and credit signs checked against its running balance, so a misread column doesn't turn a payment out into money in.
1 click
from a statement's rows to its pages side by side, with the line marked wherever the PDF has a text layer.
1. 434 to 437 of 437 rows matched across repeated runs on seven real statements from CBA, NAB, ANZ and Westpac.
Security
Confidential by design.
The statements in a matter carry obligations of confidence. LedgerSignal keeps each matter sealed off and seen only by the people you invite.
Each matter sealed off
Every case has its own database, so one matter's transactions can never turn up in another matter or another firm.
Only the people you invite
Access is by invitation, with firm roles. Every file is checked against the viewer's firm, and data is encrypted in transit and at rest.
Never used to train AI
Statements are read through our AI gateway with logging off and zero data retention. Our model providers don't train on them.
A record of every change
See who tagged, noted or edited each transaction, so you can stand behind a figure when it's challenged.
You decide how long we keep it
Keep a matter for as long as you need to, export it as CSV, or delete its statements and transactions when it closes.
Your questionnaire, answered
Send us your firm's security questionnaire. The people who built LedgerSignal answer it, including which providers handle your data.
Read how we handle your data, including every provider that touches it →
Questions
What practitioners ask us.
Which statements can it read?
PDF statements from Australian banks and card issuers, including scans, bundles that combine several accounts, files locked against editing or printing, and exports hundreds of pages long. Upload them all at once and LedgerSignal sorts them into accounts and statement periods. If a PDF needs a password to open, save a copy without one first.
How accurate is it?
On our test set of real statements from CBA, NAB, ANZ and Westpac, over 99% of rows come out exactly right. Debit and credit signs on every statement are checked against its running balance, and you can open any statement beside its rows to check a figure in seconds.
Does it decide which payments are voidable?
No. It finds the candidates: payments to related parties (directors included), loans, transfers out, cash and gambling, each tag showing how sure LedgerSignal was. Group by amount to spot repeat payments. Whether a payment is a preference or uncommercial depends on the relation-back day, creditor status and your judgement.
How does the plain-English search work?
Type what you'd ask a junior, such as "debits over $5,000 to related parties before 30/06/2025". LedgerSignal turns it into filters, sorting and grouping you can see and change, and tells you if any part of the question couldn't be applied.
How are transfers between accounts found?
A debit in one of the company's accounts is matched to the same credit in another. Clear matches link themselves, and where two transfers could match the same payment you pick the right one. Hide transfers to see only money that left or entered the group, or export each transfer with the account it went to.
Can I use the results in a report or in court?
Export the transactions, with your tags and notes, as a CSV in the column order you've set. Every row keeps the file and page it was read from, so each figure can be traced to the original document.
Bring us the statements from your next matter.
We're onboarding insolvency and forensic accounting firms one at a time. Tell us about your practice and we'll set up your firm.