Is the bank statement analyzer free?
Yes. It is free and needs no account.
Bank Statement Analyzer
Cash flow, spending, budget, P&L and taxes from any bank.
insytesBI provides estimates for informational purposes only, not financial, tax or accounting advice.
About the Bank Statement Analyzer
Drop in one statement or a year of them (PDF, CSV, Excel or OFX): cash flow, where the money went, recurring charges, a budget, a profit and loss, and a Schedule C worksheet.
How to use this tool
- Choose a .csv, .xlsx, .xls, .ofx, .qfx, .qbo, .pdf, .tsv, .txt file, or drop it on the upload box. Several monthly statements at once work too.
- If a column is uncertain, confirm it. Clean files go straight to the results.
- Read the summary, then open a tab for the detail: spending, bills, problems, profit and tax, reconcile or download.
Frequently asked questions
Which files does it read?
.csv, .xlsx, .xls, .ofx, .qfx, .qbo, .pdf, .tsv, .txt files up to 10 MB. PDF statements downloaded from online banking work; scanned paper statements do not, because they hold a picture rather than text.
What if a column is not recognised?
Columns are matched from their contents as well as their names. When a match is uncertain the tool asks you to confirm it before showing anything, and any column can be changed afterwards.
Can I upload a whole year of statements at once?
Yes. Choose up to 24 files from the same account together, such as twelve monthly PDFs. They are merged into one list, and a transaction that appears in two overlapping files is counted once.
Can I get a profit and loss or a budget from my bank statements?
Yes. The same upload gives a cash-basis profit and loss (sales less costs, counted when the money moved), a cash flow statement, and a budget you can set per category. Owner draws, transfers between your accounts, loan principal and tax payments are kept off the profit and loss, with the reason listed.
Does it help with self-employed taxes?
For US self-employed people it sorts spending onto the Schedule C lines it usually belongs on (advertising, car and truck, supplies, utilities and so on) and gives a CSV worksheet for your tax preparer or tax software. Owner draws, transfers, loan principal and wages from a job are left off with the reason. It is a worksheet to check, not tax advice.