Home › Use cases › Statement conversion for tax preparers
Clients arrive with a year of statements and a return deadline. Convert the statements into categorized-ready files and spend prep time on judgment, not data entry.
For clients without clean books — sole proprietors, landlords, side businesses — the return is built from bank and card statements. Twelve months of PDFs per account is days of manual summarizing unless the statements become rows first. Conversion turns that into an afternoon of categorizing.
Category totals are only as good as the transaction set beneath them. A conversion reconciled against each statement's balances means the set is complete: no missing month-end week quietly understating income or expenses. Flagged statements get fixed against the PDF before a single total is taken.
The Excel export's combined sheet is the preparer's worksheet: add a category column, total by category, and the return's schedules have their source document. Keep it with the client file and next year's prep starts from a known pattern.
These are the general steps most banks follow for statement downloads; exact menu labels vary by bank and change over time.
No. This page describes a document workflow. What is deductible and how it is reported is a determination for the preparer and the client's facts.
Where the statement prints opening and closing (or running) balances, the converter adds up the extracted transactions and compares the result with the statement itself. If the numbers do not tie, the conversion is flagged and the mismatched rows are marked — a failed check is never shown as a success.
No. Uploaded files and generated exports are stored only briefly to complete the download and are automatically deleted within 15 minutes.
Statement conversion for bookkeeping practices · Statement conversion for accounting firms · Statement tools for landlords · Statement conversion for property managers · Statement review tools for mortgage brokers · Statement conversion for law firms · Statement conversion for the self-employed · Statement conversion for nonprofit treasurers
Your first conversion is free — no card, no sign-up — and every result is reconciled against the statement itself before you download it.