Convert Bank Statements To OFX Format

Convert Bank Statements To OFX Format

How to Convert Bank PDF Statements to OFX Format for Accounting CS

Key Content:

Ledgersync now offers the ability to convert Bank PDF Statements to OFX file format in addition to Excel, CSV, and QBO formats. This new feature is especially valuable for Accounting CS customers, as Accounting CS primarily accepts OFX file format for uploading transactions.

When This Is Helpful

  1. Client provides PDF Bank Statements and you need to import transactions into Accounting CS
  2. Historical bank statements need to be converted for Accounting CS compatibility
  3. Clean up work requires extracting transactions from PDF statements in OFX format
  4. Any scenario where Accounting CS's preferred OFX format is needed

How to Convert Bank PDF Statements to OFX Format

Step-by-step process:

  1. Click "TOOLS" (top right of screen)
  2. Click "PDF CONVERTER"
  3. Upload PDF document (drag and drop or select file)
  4. Select "OFX download" as the output format
  5. File downloads to your computer's downloads folder

Important Notes

  • PDF Requirements:

    • PDF must be text-based (not an image)
    • PDF cannot be password-protected or have security restrictions
    • Quick test: If you can highlight text in the PDF and copy/paste it, Ledgersync can likely convert it

  • Accounting CS Compatibility:

    • OFX is the primary file format accepted by Accounting CS
    • This streamlines the workflow for Accounting CS users
    • No need for intermediate conversion steps

  • Other Available Formats:

    • Excel
    • CSV
    • QBO (QuickBooks)
    • OFX (Accounting CS and other software)

Why This Matters for Accounting CS Users

Accounting CS has specific import requirements, and OFX is the preferred format for transaction imports. Previously, users might have needed to convert PDFs to another format first, then convert again to OFX. This new feature eliminates that extra step, saving time and reducing potential errors.

Troubleshooting

If conversion fails:

  • Verify the PDF is not image-based (scanned document without OCR)
  • Check that the PDF is not password-protected
  • Ensure the PDF contains actual bank statement transaction data
  • Try the highlight/copy test mentioned above

Questions or Need Help?

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