Getting historical transaction data from your bank into your accounting system can be a big problem. Most banks only supply it in PDF format, which can't be imported. Or they may offer printed statements by mail, which is even worse. Both outcomes require that you enter transactions into your accounting app by hand, line by line, eating up countless hours of time.
But we provide a better way!
Small business financial data can be spread across all kinds of cloud-based apps and online solutions. Migrating this data from one to the other, or from a desktop solution like QuickBooks, hasn’t been easy. Fortunately, Moneythumb converters can bring transactional data into your cloud accounting app from .qbo, CSV, QFX or QIF - ensuring that your data can travel from wherever it is, to where you want it to be - in the cloud.
OFX Open Financial Exchange was created by Microsoft, Intuit, and CheckFree as a standard format for sharing financial files online, downloading financial transactions, and importing financial data.
OFX is widely used and most accounting software natively imports .OFX files. Most financial institutions offer their current statements in .OFX, but historical statements are often only available in .PDF format.
Our cloud app moves bank data from PDFs into cloud accounting apps on-demand. Buy blocks of conversions and never download any software. Just upload your scanned or electronic pdf to convert into OFX format for easy import into your app.
Our PDF+ products include optical character recognition (OCR) for scanned statements. Self-corrective heuristics improve recognition of date/transaction amounts, and then attempt to reconcile the statement.
If it doesn’t reconcile, PinPoint OCR highlights which remaining transactions could contain problem characters, for easy clean-up.
Just like that, your statement is imported, and reconciled, ensuring pinpoint perfect conversion.
$599.95 – $699.95
Powerful collection of financial file converters for Advisors or pro users to extract transactions from PDF statements and other source formats into online accounting apps like Xero, Freshbooks, Zoho, or Wave as well as desktop accounting applications.
To renew or upgrade to PDF+ click here.
*This product is licensed per user and runs up to 1000 conversions per user per calendar quarter. See all the details here.
Our cloud app moves bank data from PDFs to OFX or QIF format on-demand. Buy blocks of conversions and never download any software. Just upload your scanned or electronic PDF to convert into the format which is read by your cloud accounting software.
