Convert Bank Statement to Track Accounts Receivable

AR financing lenders and auditors use bank statements to verify that invoiced amounts are actually being collected. Convert your business bank statement PDF to Excel to reconcile accounts receivable against actual deposits and identify collection gaps.

Key Benefits

• Matches customer payment deposits to outstanding AR invoices in Excel
• Supports invoice factoring and accounts receivable financing applications
• Works with all major business banks: Chase Business, Wells Fargo, KeyBank
• Identifies unpaid invoices by comparing deposits to invoice register
• 12-month collection history for AR lender due diligence

How It Works

1. Step 1: Upload your business bank statement PDF
2. Step 2: Select Excel output
3. Step 3: Download and match client deposits to your invoice records
4. Step 4: Calculate average collection period and outstanding AR balance

Frequently Asked Questions

How do invoice factoring companies use bank statements?

Invoice factoring and AR financing lenders use 3–6 months of bank statements to verify: (1) that invoiced customers actually pay, (2) average days to collection, (3) customer concentration risk, and (4) total monthly revenue. Export to Excel and create a pivot table by customer name to show payment patterns for each client.

Can I reconcile accounts receivable using just a bank statement?

Yes, for cash-basis businesses. Export your bank statement to Excel, list all incoming deposits, and match each to a customer invoice in your AR register. Unmatched deposits may be undocumented income; invoices with no matching deposit are uncollected AR. This reconciliation is accepted by auditors and lenders as a basic AR aging analysis.

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