Document type
Intelligent Account Statements Processing
Process bank account statements with high precision, extracting transaction data, balance information, and account activity for financial analysis and reconciliation.
99.7%Accuracy
90%Time Saved
24/7Processing
Processing Steps
How to Process account-statements
Follow these simple steps to extract data from your account-statements
1
Upload Statement
Upload bank statements in any format (PDF, image, or digital)
2
Statement Recognition
AI identifies the statement structure and bank format
3
Transaction Extraction
Extract all transactions with dates, descriptions, and amounts
4
Data Categorization
Automatically categorize transactions and verify balance calculations
Extracted Data
Account Statements Fields
ParseIQ automatically extracts and validates these fields from your documents
| Field Name | Type | Required | Description | Example |
|---|---|---|---|---|
| statementId | string | Yes | Unique identifier for the account statement | N/A |
| accountNumber | string | Yes | Account number (typically partially masked) | N/A |
| accountType | string | Yes | Type of account (checking, savings, investment, etc.) | N/A |
| accountName | string | Yes | Name of the account | N/A |
| accountHolders | array | Yes | Names of all account holders | N/A |
| financialInstitution | object | Yes | Information about the financial institution | N/A |
| statementPeriod | object | Yes | Start and end dates for the statement period | N/A |
| statementDate | date | Yes | Date the statement was issued | N/A |
| beginningBalance | number | Yes | Balance at the beginning of the statement period | N/A |
| endingBalance | number | Yes | Balance at the end of the statement period | N/A |