One of the frustrations facing accountants and QuickBooks advisors often comes in the form of a client offering bank statements, credit card reports and other financial documents in paper, digital PDF and/or Excel spreadsheet format which must be reconciled. If you are lucky the data is precise and has been downloaded from the bank. But often times, the data is paper, marked up by the client or their staff, hard to interpret. Sometimes it is scanned, but the scan is nearly indecipherable.
The reality is that you are going to run into this dilemma on a regular basis, with statements and other paperwork being inconsistent from month to month so that you have to figure out what is there. Entering all that data is tedious, and not very rewarding.
The Best Financial File Converter for Professional QuickBooks Advisors
There is a solution. 2qbo Convert Pro+ from Money Thumb. PDF Statements downloaded from the bank or scanned paper statement can be converted and reconciled. Spreadsheets are also no problem with 2qbo Convert Pro+. In fact, 2qbo Convert+ actually lets you perform basic spreadsheet editing of transactions in the conversion process.
The converter has a reconcile feature that will try to reconcile the credits/debits found with the starting and ending balances printed on the bank statement. Given that reconciliation is an important step, having it in the converter is a big deal. Below is a bit of description of the product from the Money Thumb website:
“2qbo Convert Pro+ is a streamlined collection of Money Thumb financial file converters created especially for the needs of professional QuickBooks advisors who need to convert import transactions from any type of bank statement into QuickBooks. Transform bank statement and financial files into the QBO format, convert data in and out of Excel or other spreadsheet programs for editing, convert multiple files in a single step, and even perform basic editing of transactions. 2qbo Convert Pro+ combines a lifetime 2qbo Convert Pro license with aone year PDF+ licenseso that you can now easily convert both scanned and text-based pdf documents from your bank, credit card or brokerage firm into .QBO files for import into QuickBooks Desktop or QuickBooks Online.”
2qbo Convert Pro+ can also handle large volumes of information. Whether you have a large number of transactions spread across an ordinary number of statements, or a large number of ordinary-sized statements, 2qbo converters can help you process these documents all the way from paper into QuickBooks. Leading features include advanced PinPoint OCR for paper conversions, standard handling of multi-page PDFs and batch processing for large jobs. Money Thumb believes so strongly in this product that you can take a test drive. 2Convert Trial versions will write up to 10 transactions.
If you are interested in purchasing 2qbo Convert Pro+, visit the product page here to buy now, or review the product screenshots of how it works, descriptions of all the features, and learn about Money Thumb’s PinPoint OCR scanning technology, which combines powerful optical character recognition with intelligent analytic capabilities that are integrated into the logic of the recognition engine itself. Whereas many OCR technologies require the user to globally review a document when confronted with unintelligible/problem characters, PinPoint OCR offers a set of capabilities to overcome this inefficiency.