Bank statement analysis for freelancers

The problem

Freelance income and expenses touch every account you own: business checking, a credit card that mixes personal and business, PayPal, Stripe, sometimes a savings buffer. At tax time you need a clean picture of income, deductible expenses, and category totals. Rebuilding that in a spreadsheet every quarter is a full weekend.

How Karchu helps

Karchu reads every statement, categorizes the transactions with rules you can edit, and separates business from personal in a dedicated workspace. Recurring subscriptions surface automatically. Category totals export to CSV or Excel that drops straight into your accountant's spreadsheet or your tax software.

Recommended workflow

1. Create a Business workspace and a Personal workspace. Statements stay separate.
2. Upload the past quarter of statements as PDF, CSV, or Excel.
3. Skim the dashboard: total income, business expenses, top categories.
4. Adjust a handful of rules where a merchant landed in the wrong bucket.
5. Export a categorized CSV for your accountant or tax filing.

What users say

The rule engine matters. Once I taught Karchu that a specific Amazon SKU is business software, every future one is categorized correctly without me touching it.

Related pages

• Bank statement analyzer overview
• Automatic transaction categorization
• Pricing
• Other use cases