Document type

Intelligent Bank Statements Processing

Extract and categorize transactions from bank statements with high precision, supporting reconciliation and financial analysis.

98.7%Accuracy

90%Time Saved

24/7Processing

Processing Steps

How to Process bank-statements

Follow these simple steps to extract data from your bank-statements

Upload your bank statement in PDF, image, or digital format

AI identifies and categorizes all transactions

Verify beginning and ending balances with transaction totals

Export categorized data for accounting and financial analysis

Extracted Data

ParseIQ automatically extracts and validates these fields from your documents

Field Name	Type	Required	Description	Example
bankName	string	Yes	Name of the banking institution	N/A
accountNumber	string	Yes	Account number (typically partially masked)	N/A
accountType	string	Yes	Type of account (checking, savings, etc.)	N/A
statementPeriod	string	Yes	Time period covered by the statement	N/A
accountHolder	string	Yes	Name of the account holder	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
totalDeposits	number	No	Total amount of deposits during the period	N/A
totalWithdrawals	number	No	Total amount of withdrawals during the period	N/A
transactions	array	Yes	Array of individual transaction entries	N/A