Convert a bank statement for Xero

Common questions

Can I export to Xero?

Yes — the "Export for Xero" button produces an OFX file Xero imports directly with no column mapping, verified with a real import into a Xero organisation. It's a Pro feature, alongside .QBO.

How does ZeroParse handle debit vs. credit on a credit card statement?

We normalize every statement to the same convention QuickBooks and Xero expect: money you spent (a purchase) exports as negative, money you received back (a payment or refund) exports as positive — whether the file is a bank account or a credit card statement. Card issuers often print it the opposite way on the page itself (a purchase shown as a plain positive number, since it increases what you owe); we detect a credit card statement automatically and flip it, so what you export is ready to import rather than something you'd need to invert by hand.

What does the badge on each file mean — "Matches statement totals", "Doesn't match statement", or "Verify against the statement"?

After extraction, we check whether the rows we found add up to what your statement says about itself — its opening and closing balance, its own column totals, or the running balance printed beside each row. "Matches statement totals" means they do, to the cent. The running balance is the most useful of the three when a file has one, because it is checked at every row rather than once at the end, so it can tell you which row something goes wrong at — and it catches a case the totals cannot: a file that is missing transactions whose amounts happen to cancel out. "Doesn't match statement" means they don't, and we show you exactly which figures disagree. "Verify against the statement" means your statement didn't print anything we could check against — no balances, no totals, no running balance — so we're telling you to eyeball it yourself rather than pretending it's fine. It's a common enough outcome that we publish the actual rate across our own test corpus on the benchmark page rather than asking you to take a number on trust. None of this is the same as an accountant reconciling your account against an independent record; it only checks that what we extracted is internally consistent with what your own statement says. Edit an amount or delete a row afterward and we re-run the same check automatically, so the badge always reflects what you're about to export — and because that recheck runs entirely in your browser, fixing a flagged row never sends anything back to our servers or creates a new copy of your data there.

All questions and answers