Technology in banks has made a lot of bookkeeping tasks easier, however people who handle financial records are aware that it’s not ideal. The bank feeds are not functioning properly, and the historical transactions might not be accessible, and clients may still send documents in the format of PDF. It is necessary to transform a document designed to be read into data that accounting software actually uses.
Bank statement converters can help you cut down on time by automatizing the process. Docubrew instantly converts the data of your bank statement into structured spreadsheet data.
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When a PDF becomes the missing component
Imagine a bookkeeper creating a year-end reconciliation for an incoming client. The accounting platform has latest transactions, however, a number of older months are missing. The client downloaded original PDF statements.
It used to take hours of gruelling copying into a spread sheet. A PDF bank statements to Excel workflow is a more convenient alternative. Docubrew can extract transaction information from digital PDFs and scan bank statements printed on paper.
Reducing manual transcription is also an effective way to lower the risk of errors in typing for professionals who need to transfer bank balances to Excel regularly.
Keep the Pages That Actually are Counting
The bank statements aren’t just composed of transactions. A 12-page paper could have an account summary, disclosures, or notices and pages of the actual bank activity.
Docubrew allows users to preview the document before deciding on the appropriate pages prior to conversion. This makes it easy to convert bank statements to Excel without the need to include unrelated content.
Once the file is processed the file can then be opened with Excel or used in accounting platforms such QuickBooks, Xero, FreshBooks and more.
CSV Facilitates Flexible Accounting Workflow
CSV is still useful since it is extensively supported by databases, spreadsheets as well as accounting applications. Docubrew can convert bank statements into CSV using the table of transactions.
The same workflow can help firms convert bank statement to CSV when reconstructing historical books, handling a new-client cleanup project, investigating missing transactions, or preparing data for reconciliation.
Accounting firms that must manage clients with multiple statements may benefit from batch processing.
Financial Documents deserve thought-out privacy restrictions
Processing financial records isn’t solely about the convenience. Bookkeepers and accountants may be also concerned about the location in which they handle financial records.
Docubrew has two ways to do this. Windows desktop applications convert files locally, on the PC of the user. The cloud version that is encrypted is accessible to those who prefer working in a browser. The uploaded files are erased automatically within 24 hours.
The platform could range that ranges from Excel software to bank statements that rely exclusively on remote processing.
Turning Document Archives Back Into Working Data
PDF statements are excellent records, but they’re inconvenient for transactions that need to be reconciled, sorted, filtered, or imported elsewhere. Scanned documents could be a problem because transaction data could only be present as an image.
Docubrew combines statement parsing with OCR support for documents scanned providing bookkeepers, accountants and companies a practical path from financial paperwork stored in archives to usable transaction data.
This simple fix can speed up the process of keeping the bank statement that was originally issued while converting its transaction table to data you can use.