Monthly Summary
October 2024
Balance change
−£3,200
Your balance is £3,200 lower than last month, mainly due to a one-off equipment purchase — your underlying trend is stable.
Spend by category
Utilities spend is 40% above your 3-month average. Worth reviewing.
3 accounts connected via Open Banking
Works with your bank
FCA-authorised aggregator
Plain-English Summary
Your balance across all three accounts is £3,200 lower than September. The main driver was a one-off equipment purchase of £4,800 — without that, your spending was broadly in line with the previous month.
What changed
- ↑ Equipment spend up £4,800 (one-off Macbook + printer)
- → Staff costs stable at £3,400 — same as last month
- ↑ Utilities up £90 vs. your 3-month average — worth checking
Underlying trend
"Stable. No cause for concern."
Utilities spike detected
+40%Your utilities spend of £380 is 40% above your 3-month average of £271. Three transactions with British Gas flagged.
New recurring charge
NewA new £79/month subscription appeared — looks like Slack Pro. First payment 14 Oct. Added to recurring spend tracker.
Travel spend down 62%
–62%Travel costs dropped from £920 in September to £350 — your best month this year. No action needed.
You: £820/mo vs. £550 typical
You: £480/mo vs. £520 typical
You: £350/mo vs. £600 typical
You: £220/mo vs. £250 typical
Source: ONS Business Expenditure Statistics 2023. Benchmarks recalculated quarterly.
Why Keel
Built for owners, not finance teams
Most financial tools assume you already understand accounting. Keel assumes you run a business and want straight answers — not more dashboards to learn.
| Keel | Float / Fathom | Bookkeeper | |
|---|---|---|---|
| Connects directly to your bank | | | |
| No accounting software needed | | | |
| Plain-English monthly narrative | | | |
| Anomaly & spike detection | | | |
| UK SME benchmarking | | | |
| Self-serve, no onboarding calls | | | |
| Under £30/month | | | |
Float and Fathom are excellent tools — for finance teams who already use Xero or QuickBooks. Keel is for the owner who manages their own bank account and wants clarity, not another software stack to learn.
Pricing
One plan. Everything included.
We kept it simple deliberately. No tiers that hide the useful features behind an upgrade. No per-user pricing that punishes growth. One clear monthly subscription — everything Keel does, for every business.
- Connect up to 5 business bank accounts
- Monthly plain-English spending summary
- Anomaly and spike detection
- UK SME benchmarking by category
- Transaction categorisation with manual override
- Multi-account aggregated dashboard
- Email delivery of monthly report
Keel Standard
ex. VAT · billed monthly · cancel anytime
14 days free — no credit card required
FAQ
Common questions
Which UK business bank accounts does Keel work with?
Keel currently connects to Revolut Business, Starling Bank, and Barclays Business — the three most popular accounts among UK SME founders. Support for additional UK banks is in progress. If your bank is not listed, you can join the waitlist and we will notify you when your bank is added.
Is Keel safe? Can it move or access my money?
Keel uses UK Open Banking (Account Information Services) which is strictly read-only. We connect via an FCA-authorised Open Banking aggregator. Keel can read your transaction history and balances — nothing else. We cannot initiate payments, move funds, or modify anything in your bank account.
Do I need Xero, QuickBooks, or any accounting software?
No — that is the point. Keel connects directly to your business bank accounts. You do not need any accounting software, bookkeeper, or existing financial tools. If you already use Xero or QuickBooks, Keel works alongside them, but it is not required.
How does the monthly report work?
Each month, Keel analyses your transactions across all connected accounts, categorises them, compares them against your own historical patterns, and writes a plain-English narrative summary explaining what changed and why. The report arrives by email and is available in your Keel dashboard.
Where does the benchmarking data come from?
Keel uses publicly available UK SME expenditure data from the Office for National Statistics (ONS) and similar public sources. We never use private data from other Keel customers. Benchmarks are adjusted by business size and sector where the data allows, and are recalculated quarterly.
What does the free trial include?
The 14-day trial gives you full access to everything Keel does — account connection, categorisation, anomaly detection, benchmarking, and your first monthly report if your trial spans a month boundary. No credit card is required to start. You can cancel at any time during or after the trial.
Is Keel regulated or FCA-authorised?
Keel uses an FCA-authorised Open Banking aggregator to access your bank data, operating under their regulatory umbrella for Account Information Services. This means your data access is covered by the same regulatory framework that governs all Open Banking in the UK. We will publish our full regulatory and data privacy documentation before general availability.
Another question? Email us at hello@keel.co.uk — we aim to reply within one working day.
Get started
Your balance will make sense
within the first month.
Start your free trial today. Connect your business bank accounts in minutes — no accounting software, no setup calls, no configuration. Just link, read, understand.
14 days free · No credit card · Cancel anytime · Read-only bank access
"I used to dread looking at my bank statement at the end of the month. Now I actually understand what happened — and what to do about it."
Sarah M.
Director, 8-person professional services firm