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Here is a Tax Prep Software That Slices Through The Paperwork


As a business journalist who writes about tech and finance, I’m always on the lookout for software that can make cumbersome tasks easier. That’s why caught my eye this tax season. This clever tool aims to slash the time needed to organize financial documents for tax prep.

RocketStatements convert messy PDF bank and credit card statements into well-formatted Microsoft Excel spreadsheets with a few simple clicks. The software uses optical character recognition (OCR) and machine learning to scan PDF statements and lift out key data like transaction dates, merchant names, withdrawal and deposit amounts, and running balances. This eliminates the need for manually entering figures or printing and highlighting statements.

The Excel files integrate seamlessly with popular tax prep software like TurboTax and TaxAct. Small business owners can also export the files into QuickBooks to sync financial data. I tested Rocket Statements with PDF statements from my own Bank of America account and was impressed with its accuracy and speed. The OCR rendered my statement into a tidy Excel file in under a minute.

Rocket Statements is developed specifically for global financial bank statements and aims to make short work of organizing tax documents. Pricing starts at $15 monthly for 100 conversions – a potential time-saver for solopreneurs and small business owners on a budget. For high-volume users, unlimited conversions are available for $90 monthly.

So if you’re staring down a pile of financial paperwork this tax season, RocketStatements could be the key to cutting down prep time and sailing through tax filing. I’ll be keeping my eye on this promising startup that could firmly lodge itself in many accountants’ tech stacks this year.

The platform supports major banks in the United States such as Bank of America, Chase, Wells Fargo, Citi, and US Bank. Top Canadian banks like RBC Royal Bank, TD Canada Trust, and Scotiabank are also compatible. Leading Australian banks supported include Commonwealth Bank, Westpac, ANZ, and National Australia Bank. And in the United Kingdom, Barclays, HSBC, Lloyds Bank, and Metro Bank statements can be converted with ease. In my perspective, it is definitely one of the best bank statement converters out there to exist.

As someone who frequently needs to organize financial statements for taxes and accounting, I’ve tried my fair share of PDF-to-Excel converters over the years. Too often I’ve found myself let down by inaccurate data, lack of global bank support, or a clunky uploading process. Many basic OCR converters end up jumbling transaction dates—a big problem when preparing balanced books for taxes.

I distinctly remember one inefficient software that skewed all the data from my Capital One statement into the wrong cells. Another caused major formatting issues that took ages to correct. The failures of these subpar converters have cost me valuable time troubleshooting data issues during high-stress tax seasons.

That’s why a converter that actually works well out of the gate is such a rare find. With Rocket Statements I couldn’t find a hitch—it flawlessly extracted rows of data from my Bank of America PDF into an Excel format compatible with QuickBooks, TaxAct, and other programs. Finally, a streamlined solution that eliminates headaches so I can check tax prep off my to-do list. This is one converter that won’t be collecting virtual dust in my software graveyard.



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