BankStatementLab vs ProperConvert: statement converters compared

BankStatementLab and ProperConvert

BankStatementLab and ProperConvert both convert digital and scanned PDF bank statements into Excel, CSV and OFX. BankStatementLab is a French and English web app with categorization, cash-flow reports and an API, priced by credits. ProperConvert is a desktop app with a review table and more file formats, priced flat. This page lists what each one is and what it costs.

The facts below were checked on the two official websites on September 24, 2026. Prices and plans change; the links go to the current pages.

What BankStatementLab is

BankStatementLab is a web application that converts PDF statements, digital, scanned or photographed, up to 100 pages per file, from more than 1,000 banks with French banks featured, into Excel, CSV and OFX, with JSON through a REST API on the higher plans. It previews the extracted transactions before download, merges up to 50 statements into one file, categorizes transactions automatically, produces cash-flow reports, and accepts custom AI instructions. The site says PDFs are processed in transient memory and deleted after processing, and refunds API credits for failed pages.

OFX is the only bank file format named; QBO, QFX, QIF and IIF are not, though the site lists QuickBooks, Xero, Sage and FreshBooks as compatible.

BankStatementLab pricing

BankStatementLab counts one credit per page and unused credits do not roll over. The Basic plan is free with 5 credits a month. Starter is $9 per month for 50 credits with statement merge and cash-flow reports, Pro is $29 for 400 credits with the advanced AI model, API and auto-categorization, and Business is $59 for 1,000 credits scalable to 5,000. Yearly billing is shown at a 50% discount, and Enterprise is custom.

What ProperConvert is

ProperConvert is one desktop application for Windows and macOS. It opens PDF statements, scanned PDF statements, CSV and Excel files, and QBO, QFX, OFX, QIF and QMTF files, shows the transactions in a table where you can review, edit, exclude and rename payees, and saves QBO, IIF, QFX, QIF, OFX, CSV and Excel files for QuickBooks Desktop, QuickBooks Online, Quicken, Xero, Sage and other accounting software. The conversion runs on your computer. Statements are never uploaded to a server.

ProperConvert pricing is one subscription for everything: $19.99 per month or $179.99 per year for one user, and a Team plan of three users at $49.98 per month or $449.97 per year. There are no page, statement or transaction limits, all formats are included, updates are free, and there is a 14-day money-back guarantee. A free trial is on the download page.

BankStatementLab and ProperConvert side by side

Which one fits

BankStatementLab fits a French or European firm that wants statements categorized and merged into one file with a cash-flow report on top, and monthly volumes that fit a 50 or 400 credit plan. The $9 Starter is the lowest paid entry on this list.

ProperConvert fits a bookkeeper whose destination is QuickBooks Desktop or Online, Quicken, Xero or Sage and who needs QBO, QFX, QIF or IIF, not only OFX, who wants to edit rows before export, and who prefers not to upload client statements. It reads CSV and Excel as well as PDF, on Windows and Mac, with no page count.

Questions people ask

Does BankStatementLab make QBO files?

The site names Excel, CSV and OFX output; QBO, QFX, QIF and IIF are not listed. Many apps import OFX, but Quicken wants QFX and QuickBooks Desktop wants QBO or IIF. ProperConvert saves all of them.

How much is BankStatementLab?

Free for 5 pages a month, then $9 for 50, $29 for 400 and $59 for 1,000 credits per month, with 50% off yearly. ProperConvert is $19.99 per month for unlimited pages.

Does BankStatementLab keep my statements?

The site says PDFs are processed in transient memory and deleted after processing. ProperConvert never uploads them.

What is a BankStatementLab alternative for QuickBooks Desktop?

ProperConvert, with QBO and IIF output and a review table.