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Converting bank statements to Profit & Loss format streamlines financial reporting and analysis. Transform raw transaction data into structured financial statements suitable for accounting, tax preparation, and business decision-making.
Creating a P&L from bank statements manually presents several challenges:
Manual processes require significant time investment and are prone to errors, making automated conversion a valuable solution for businesses and accounting professionals.
A Profit & Loss statement requires structured financial data:
Our system intelligently categorizes transactions and structures them into a proper P&L format suitable for professional use.
Automatically categorizes transactions into income and expense categories based on merchant names, transaction descriptions, and patterns.
Structures your data into a proper Profit & Loss statement format with revenue, expenses, and net income calculations.
Bank-level security with OCR accuracy. Your financial data is processed securely and never stored longer than necessary.
Generate monthly or quarterly P&L statements without hiring a bookkeeper. Understand your profitability at a glance.
Track income and business expenses for tax purposes. Generate P&L reports for loan applications or client reporting.
Save hours of manual data entry. Convert client bank statements to P&L format quickly and accurately.
Upload your PDF bank statement from any bank. We support all major banks and credit unions.
Our system extracts all transactions, categorizes them, and structures them into P&L format automatically.
Download your Profit & Loss statement in Excel (XLSX) or CSV format. Ready to use for accounting, taxes, or analysis.
A Profit & Loss statement, also known as an income statement, shows your business's revenues, expenses, and profits over a specific period. It's essential for understanding business performance, tax preparation, and financial planning.
Yes! You can upload multiple bank statements and we'll combine them into a single P&L statement covering the entire period. Perfect for quarterly or annual reporting.
Our system uses advanced pattern recognition to categorize transactions accurately. However, you can always review and adjust categories in the Excel file after download to ensure accuracy.
We support PDF bank statements from all major banks. The output is available in Excel (XLSX) or CSV format, ready to import into accounting software or use directly.
Absolutely. We use bank-level encryption and process your statements securely. Files are automatically deleted after processing, and we never store your financial data long-term.
Yes! The P&L statements generated are suitable for tax preparation. However, we recommend reviewing the categorization with your accountant to ensure all items are properly classified according to your tax requirements.
