Question 1

What data does the extractor pull from a statement?

Accepted Answer

Transaction date, description or merchant, and amount, along with the statement period and totals where available.

Question 2

Can I use the extracted data for reconciliation?

Accepted Answer

Yes — many users extract statement transactions to cross-check against scanned receipts and flag anything missing or duplicated.

Question 3

Does the extractor categorize transactions too?

Accepted Answer

Yes, extracted transactions get an AI-suggested category, which you can override with your own categorization rules.

Question 4

What statement formats work best?

Accepted Answer

Clear, text-based or high-resolution scanned PDFs give the most accurate extraction. Very low-quality scans may need manual correction.

Bank Statement Data Extractor

Frequently Asked Questions