Bank Statement Extractor Guide
Wealth Excel turns statement PDFs into structured data so you can understand cash flow and spending quickly.
Best practice: Normalize merchants and categories so month-over-month comparisons are meaningful.
What you get after extraction
- Clean transactions (date, description, debit/credit, balance when available).
- Merchant normalization (consistent names).
- Category summaries (spend by category, recurring charges).
How to use it
- Track cash flow trends and spot leaks.
- Create budgeting categories you can maintain.
- Export/compare months to improve discipline.