Resource hub

Become a master of your craft

 

StatementReader is more than an application. We are a valuable business resource which financial professionals rely on to upskill themselves and their teams, and from which companies seek advice to improve their reputations and build stronger client relationships.
 

Our resource hub provides all the information you might need to get the very most from StatementReader, increase your knowledge of Excel and find out more about your industry.

Your helpful guides

SCANNING BANK STATEMENTS

StatementReader outputs 100% accurate results into Excel from electronically created documents.  The quality of scanned documents affects the reliability of the extracted results; here are some tips to improve your results:

Get the original documents (not photocopies), if possible


Scan to 300 DPI TIF or PDF with zero/low compression
 

Set content as 'text', if possible on the scanner
 

Use scanner feeder for the consistent alignment of each page
 

Keep the same page orientation throughout (portrait/landscape)
 

Each PDF file should contain the same bank template

PROCESSING TRANSACTIONS

StatementReader offers an intuitive interface that requires minimal training - you can see this online here, in our illustrated tutorials.  The main points are here:

Select the template that matches your document
 

Tick 'Parse PDF' if you can select the text in PDF
 

Check whether the transactions and pages flow in date order when running 'detect and repair transactions'
 

Analyse keywords, key periods, round amounts and recurring transactions in one-click, use the options menu to configure the settings

CREATE A BANK TEMPLATE

You can create the bank template to extract the transactions from your bank statement if it's not already available from the 100s listed (separated by country) within StatementReader.  When using this "create a bank layout" tool, you must:

Always copy column headers (date etc.) exactly from your bank statement
 

Select from the dropdown boxes showing various data and date types
 

Check the date and balance position for one multi-line transaction, is the balance at the top or middle or bottom?
 

You can quickly go back and edit a template by right-clicking on it
 

Hover your mouse over the options for more information
 

How to create a bank template, in pictures

TROUBLESHOOTING

Our support team takes great pride in seeing your scanned and electronically created documents from PDF all the way through to the Excel you need.  Some quick points to check if you're not seeing accurate results are:

If the text in Excel is misread from a scanned image, check that our scanning tips were followed
 

If data is in the wrong row/column then check the template
 

For missed pages, run with 'extract all lines' checked
 

If there are missing/incorrect years, use DATE( ) formula

Always keep in mind that you can request a template from the File menu, and we will return it with your sample data in Excel within 24 hours


 

New bank statement format: 100% accurate extraction of transactions with vertically centred dates 02/2020

Only show bank templates from a defined country 10/2019

Encrypted PDF documents are supported 08/2019

FAQs

Need to be sure StatementReader is of value for every member of your team? Use our FAQs section below to find out how different job roles benefit from StatementReader, or you can contact us for more information.

See how using StatementReader can help you achieve more. Download StatementReader today