Bank Statement Converter for Patent Licensing Royalty Income
Patent licensing royalties arrive quarterly or semi-annually from licensees — sometimes as ACH transfers, sometimes as checks — creating an irregular but meaningful income stream. Converting your bank statements to Excel traces every royalty deposit and documents the total annual income your patents generate.
Key Benefits
- Capture quarterly and semi-annual royalty payment deposits from all licensees
- Show the multi-year history of royalty income from each patent
- Document lump-sum settlement payments or milestone royalty receipts
- Produce an Excel income trace for mortgage qualification or IRS documentation
- Separate royalty deposits from unrelated income and personal transfers
How It Works
- Step 1: Upload 12–24 months of personal or business bank statement PDFs
- Step 2: The converter extracts all deposits with dates and descriptions
- Step 3: Download Excel and filter for licensee company names to identify royalty deposits
- Step 4: Attach to your mortgage or tax filing with your license agreements as backup
Frequently Asked Questions
- My royalties arrive quarterly. Can I still use them to qualify for a mortgage?
- Yes — lenders average annual royalty income over 2 years and divide by 12 to get a monthly figure. Quarterly deposits work fine for this calculation. The bank statement provides the date and amount of each payment.
- My patent expires in 3 years. Will lenders count that income?
- Income tied to an expiring asset is a risk. Some lenders will accept it with a 3-year minimum remaining term; others require income likely to continue for at least 3 years beyond the loan term. The bank statement documents that the income is real — the licensing agreement addresses how long it will last.
Convert a Statement Free