Signs you have outgrown a one off converter
- You reread converted tables line by line because nothing tells you a row is missing.
- Clients send scans and phone photos and the output needs cleanup.
- You import into QuickBooks Online or Xero and reformat columns every time.
- More than one person converts files and nobody can see who did what.
- Client files sit mixed together in one list.
If none of that applies and you convert a few statements a month, a simple converter can be enough. Run a trial before paying for anything.
BankStatementConverter.com and StatementsConverter side by side
| Point | BankStatementConverter.com | StatementsConverter |
|---|---|---|
| Model | Web converter with daily free pages and a subscription | Subscription with page allowances per plan |
| Completeness proof | Check their current documentation | Balance check on every statement, with the page and rows that fail |
| Scans and photos | Check their current documentation | Read on every plan |
| QBO, QIF, OFX and Xero | Check their current documentation | From Professional at 74 USD a month billed yearly |
| Client workspaces | Not their focus | 25 on Professional, unlimited on Business |
| Team seats and audit log | Not their focus | 3 seats on Professional, 15 and an audit log on Business |
| API | Bespoke services on request | Business plan |
We did not quote their prices because published figures vary and we could not confirm a current price list. Check their pricing page and ours before you decide.
What accountants pay on StatementsConverter
Starter is 24 USD a month billed yearly (49 monthly) for 400 pages, XLSX and CSV. Professional is 74 USD billed yearly (149 monthly) for 1,500 pages, 3 seats, 25 workspaces, rules and QBO, QIF, OFX and Xero exports. Business is 249 USD billed yearly (499 monthly) for 5,000 pages, 15 seats, roles, an audit log and API access. Business Plus is 499 USD billed yearly (999 monthly) for 12,000 pages.
For a bookkeeper closing ten or more clients a month, Professional works out to about 0.05 USD a page. The full pricing page lists everything, and the best bank statement converter for accountants test list shows how to compare any tool on your own statements.
A fair test in 20 minutes
Pick your three hardest files: a scan, a long credit card statement and a statement whose table breaks across a page. Convert them in each tool. Check the closing balance against the printed one, count transactions against the page, and import the result into your ledger. The tool that makes you fix the least wins.
Teams that import into QuickBooks can start from the PDF to QBO converter. Firms comparing paid document tools can also read the DocuClipper alternative breakdown. Once the statements are in the ledger, you can turn the cleaned export into a P&L and balance sheet.
Is there a better alternative to BankStatementConverter.com for accountants
It depends on the work. For multi client practices that import into QuickBooks or Xero and need a completeness check, StatementsConverter is built for it. For a few one off files a day, a simple converter may be enough.
Does StatementsConverter have a free trial
Yes, you can convert a statement and read the balance result before choosing a plan. Plans start at 24 USD a month billed yearly.
Can StatementsConverter read scanned statements
Yes. Scans and phone photos are read on every plan, and the balance check flags pages that did not read completely.
Does it export to QuickBooks Online
Yes. QBO, QIF, OFX and Xero files start at Professional, and every plan exports XLSX and CSV.