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2qbo Convert Pro+ is a streamlined package of MoneyThumb financial file converters created especially for the needs of professional QuickBooks advisors. Transform bank and credit card statements or financial files into the QBO format necessary for easy import into QuickBooks, 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 a one year PDF+ license so 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. The one year PDF+ license enlists the power of MoneyThumb’s PinPoint OCR (optical character recognition) technology to specially handle and process your most demanding scanned bank statements. Purchase the power of the only .pdf file converter with OCR technology specialized for recognizing bank statements.
This Pro+ product’s single, unified interface includes all the functionality of seven of our Convert series products. Read transactions from PDF files, CSV files, QIF files, or even QBO files. Convert that data to either CSV format for editing, or directly to QBO format for input into QuickBooks. Save profiles when working with statements from different accounts, and process multiple statements in a single operation. Pro also includes advanced PDF options that allow the handling of non-standard text, selecting which accounts within a PDF statement to convert, and the removal of extra text from payee names for clean import into QuickBooks.
Compare 2qbo Convert Pro+ with other PDF conversion solutions for QuickBooks here.
MoneyThumb’s PDF+ with PinPoint OCR is a must-have even if you already have other OCR software. The reason is that PinPoint OCR is specifically optimized for reading bank and credit card statements, and utilizes the expected content of the document to correct errors. No OCR process is perfect, and even the best OCR processing will occasionally get fooled by dirt or dust and transpose lookalike characters such as 1-l, 5-S, or a-g. And if the original document or scan is of poor quality, the numbers of errors goes up dramatically.
MoneyThumb’s core OCR processor is from a company that specializes in OCR and ranks with the best in terms of quality. In addition we improve results by doing a second pass with PinPoint technology. PinPoint leverages the fact that bank and credit card statements are composed of columns with dates and currency values. Therefore the converter can identify text which is in column of dates or amounts, but does not fit that format. Something simple such as an S instead of a 5 would otherwise make such a transaction unrecognizable. Or a date with a month such as Aua rather than Aug.
PinPoint OCR does a second recognition pass on just the text that didn’t appear to be correct, and constrains the OCR engine to only return text strings that match the expected format. By doing this, PinPoint enables the converter to correctly process many transactions that otherwise would require manual correction. The result is 100% accuracy on many documents that had frequent errors before PinPoint processing. And even if a text snippet is completely illegible, the line containing that text will be automatically flagged as a possible transaction. This highlighting capability significantly speeds workflow when processing less than perfect PDF scans, and saves you the time of otherwise hunting through a long statement for a missing transaction.
MoneyThumb’s Payee Cleanup provides an automated way to remove extraneous text from the payee descriptions that are often found in bank and credit statements, and convert them into meaningful payee names. For example you would probably want ‘Staples’ rather than something like “Checkcard payment on 01/12 to Staples #123”. A meaningful name makes it possible to total up amounts spent at any one store, and then also categorize transactions so that your spending records are more accurate.
Payee cleanup can automatically remove phone numbers, amounts, dates, state name abbreviations, and store numbers from payee names. You can replace punctuation by spaces, and compress extra spaces. You can also specify phrases to remove such as “Checkcard payment”, “POS charge”, or “PayPal”. And you can use wildcard patterns to remove all words starting or ending with a certain prefix/suffix. Finally you can adjust the payee name to be upper case, lower case, or title case. Each cleanup option is individually selectable.
You can test which options and phrases to use interactively. The cleanup options are shown in one window, and the preview list of transactions are in a window next to it. As you click an option or type a phrase, all the payee names will instantly reflect your options. You can see exactly how your choices modify the names.
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