How Disclosure Ready classifies Bank and Credit Card statements

Disclosure Ready automatically classifies bank and credit card statements as you upload them. It extracts the account number, account name, and statement period from each statement, then places it in the correct bank account folder, which it creates automatically.

Watch the following video to see the magic of the “Bank Accounts” folder in action or refer to the instructions below.

Upload Bank Statements #

1. Select the matter where you want to upload the bank statements
2. Click Actions in the top-right corner and click Add Documents
3. Under Upload to select Single folder and select which party the documents will be added to
4. In the Destination Folder, select Bank Accounts
5. Drag and drop your documents into the upload area or select them from your computer
6. Click Upload

Disclosure Ready processes each statement automatically:

• The document name updates in the Index to show the bank name
• The document date updates to match the statement’s date range
• The statement moves into the correct bank account folder, created automatically if it does not already exist

Note: Disclosure Ready also highlights any missing bank statements and the date range they cover.

How to display Opening and Closing Balances #

By default, these fields are hidden. To make them visible, perform the following steps:

1. Open your matter and click Setup at the top 
2. Click Fields in the left menu
3. Click Opening Balance 
4. In the Display mode for Disclosure Bundle dropdown menu, select either In extra column or In extra row
5. Tick Display in document listings
6. Click Update

Note: Repeat Steps 3 to 6 for Closing Balance.

For further information or assistance, please do not hesitate to reach out to our dedicated Support Team via support@legalready.ai or +61 3 9020 4456.