Bank statements in Nexbal

Bank transactions are the backbone of bookkeeping: almost every sale, purchase and payroll run ends up as a line on a statement. How those lines reach the accounting system decides how much manual work the month-end takes.

How bank data reaches Nexbal

In Nexbal you upload the bank statement and AI does the reading. It works with any bank, building society, e-money account or card statement, so the same routine covers your high-street current account, a savings account and a Wise or Revolut balance.

Nexbal is launching in the UK and taking beta users now. Set up your bank accounts and upload your first statement during the free trial. Join the Nexbal beta.

How statement upload works

1. Create a bank account in Nexbal for each account you hold (current account, savings, card, Wise or Revolut balances).
2. Download the statement from your bank for the month, as PDF.
3. Upload it. The AI reads the statement line by line.
4. Matched lines are posted; the rest wait for review. Lines the AI can match are posted, and everything else is listed for you to confirm or correct.
5. Reconcile the month. Compare the balance on the bank account in the ledger with the balance on the statement, as in any bank reconciliation.

What statement upload gives you

For a small business closing its books monthly, the upload takes a few minutes per account. What matters more is that every bank line is posted with its evidence and the ledger agrees with the statement.

Keeping it tidy

• Upload statements for every account, including savings and card accounts, so transfers between them match.
• Capture receipts as you spend, so each statement line has its document waiting; see receipt and invoice capture.
• Reconcile before VAT returns and before the year end.

For the other ways bank data can reach accounting software, see bank feeds, CSV imports and statement uploads; for currency accounts, bookkeeping for Wise Business accounts.

Try statement upload with your own bank statements. Join the beta.