Bank Statement Extract
Automatically extract data from bank statements using AI/OCR
Bank Statement Extract module uses AI/OCR to automatically extract data from bank statement PDFs or images, recognize transactions and create bank statements in Odoo.
System automatically detects bank format, extracts dates, amounts, descriptions and suggests reconciliation with invoices.
Key Features
Key points
• AI/OCR Extraction: Automatic extraction from PDF/images
• Bank Format Detection: Auto-detect bank format
• Transaction Recognition: Recognize dates, amounts, descriptions
• Multi-page Support: Process multi-page statements
• Confidence Scoring: Assess data reliability
• Manual Correction: Fix errors before import
Extraction Process
Steps
1. Upload file: Upload PDF or image statement
2. AI processing: AI/OCR processes and extracts data
3. Review data: View and correct extracted data
4. Create statement: Create bank statement in Odoo
5. Auto-reconcile: Automatically reconcile with invoices
Supported Formats
File formats
| Format | Quality | Notes |
|---|---|---|
| Best | Text-based PDF better than scanned | |
| JPG/PNG | Good | Needs high resolution |
| Multi-page PDF | Good | Auto-process multiple pages |
Best Practices
Key points
• Use text-based PDF instead of scans for higher accuracy
• Ensure images are clear, not blurry or skewed
• Review confidence scores, correct low-score data
• Test with few statements before bulk import
Troubleshooting
Common Issues
| Issue | Cause | Solution |
|---|---|---|
| Extraction failed | File unreadable | Convert to PDF or clearer image |
| Wrong amounts | OCR misrecognition | Manually correct before import |
| Missing transactions | Format not supported | Use CSV import instead |
FAQ
Key points
• Cost? Uses IAP credits, priced per page processed.
• Accuracy? 90-95% with text-based PDF, 80-90% with scanned images.
• Which banks supported? Most banks, AI learns new formats.
• Batch processing? Yes, upload multiple files at once.