Bank Statement Processing

ClerkIQ's bank statement processing feature allows you to automatically extract transactions from your bank statements. This powerful tool saves you time by eliminating manual data entry and ensures accuracy in your financial records.

How It Works

When you upload a bank statement, ClerkIQ's advanced AI technology:

1. Analyzes each page of your statement to identify transactions
2. Extracts key information including dates, descriptions, amounts, and balances
3. Verifies the accuracy of the extracted data through multiple validation checks
4. Organizes all transactions into a structured, searchable format

Getting Started

Uploading Bank Statements

1. Navigate to the Bank Statements section in your ClerkiQ dashboard
2. Click the "Upload Statement" button
3. Select your PDF bank statement file(s)
4. Choose the accounting system.
5. Click "Process" to begin the extraction

During processing, you'll see a progress indicator showing the current status. Processing time depends on the size and complexity of your statements.

Reviewing Extracted Transactions

Once processing is complete, you'll see all extracted transactions displayed in a table format with:

• Transaction date
• Description
• Amount (debits and credits)
• Running balance
• Verification status

Transactions are highlighted based on their verification status:

• Verified: The transaction data matches expected patterns and balances
• Review Needed: The system detected potential discrepancies that might need your attention

Working With Extracted Data

You can:

• Export the data to CSV
• Edit any transactions that need manual correction

Supported Banks

ClerkiQ currently supports statements from most banks.

We're continuously adding support for more banking institutions.

Need Help?

If you encounter any issues with bank statement processing, our support team is ready to assist. Contact us through the support chat in your dashboard or email support@clerkiq.co.za.