Bank Statement Converter for S-Corporation Tax Filing

S-corporation owners need accurate bank statement records to prepare Form 1120-S, track shareholder distributions, and document officer reasonable compensation. Convert your S-corp business bank statement PDF to Excel for your CPA or tax software.

Key Benefits

• Exports all business revenue and distributions for Form 1120-S
• Separates payroll runs (W-2 wages) from shareholder distributions
• Works with Chase Business, Wells Fargo Business, Bank of America Business
• Compatible with QuickBooks, Xero, and Accounting CS
• Supports 12-month annual export for S-corp tax year reconciliation

How It Works

1. Step 1: Upload your S-corp business bank statement PDF
2. Step 2: Select Excel output
3. Step 3: Download and categorize revenue, expenses, payroll, and distributions
4. Step 4: Share the Excel file with your CPA for Form 1120-S preparation

Frequently Asked Questions

What bank statement records does an S-corp need for taxes?

S-corps must maintain records separating: business revenue, officer W-2 payroll, shareholder distributions, and business expenses. Export 12 months of your S-corp checking account to Excel and tag each category. Your CPA uses these to prepare Schedule K-1 for each shareholder and the 1120-S corporate return.

How do I separate S-corp distributions from salary in my bank statement?

Payroll runs typically appear as ACH debits labeled with your payroll processor (ADP, Gusto, Paychex). Shareholder distributions appear as transfers or checks to the owner's personal account. Export to Excel, filter by description, and separate these two categories clearly before sharing with your CPA.

Convert S-Corp Statement Free