Better organization - Converting to Excel allows you to neatly organize your bank transactions in a spreadsheet format. You can categorize, filter and sort transactions much more easily.
Easier to read - PDF statements can sometimes be cluttered and hard to read. Converting them to Excel makes the data more readable and understandable at a glance.
Improved analysis - Excel allows you to analyze and summarize your spending patterns using formulas, pivot tables, charts etc. This kind of analysis is hard to do in PDF format.
Easy export - Once your bank statement is in Excel format, you can easily export it to other formats like CSV for use in other software. From PDF, exporting cleanly is difficult.
Overall, converting bank statements to Excel unlocks many useful benefits over keeping them as PDFs. The process can be tedious to do manually, so using a service like https://www.receipt-bot.com/pdf-bank-statement-to-csv can automate the conversion and save you time. Their bank statement parser seems like it could be a helpful tool for quickly getting your PDFs into editable Excel files.
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