Comparison

Three ways to turn a bank statement into usable data — and where each one actually stops.

CPA Statements, DocuClipper, and TraceEntry all claim to save you from typing transactions by hand. They don't all start from the same place. Here's exactly what each one does, what it costs at real volumes, and where the gaps are.

What are you starting with?
This toolCPA Statements DocuClipper TraceEntry
Reads PDFs & scans Yes — digital, scanned, and photographed statements Yes — templates + OCR for scans No — accepts CSV / Excel only
Categorizes transactions Yes, on export Basic auto-matching Yes — its core feature, with vendor-rule memory
Exports to Excel, CSV, QuickBooks-ready (Xero on Professional+) Excel, CSV, QBO/QFX, Xero, Sage CSV, Excel, QuickBooks & Xero import format
Free to start 10 free conversions, no card required 14-day trial, card required 100 free credits, no card required
Entry price $49/mo — 50 statements ≈ $0.98 / statement ≈$39/mo — 60 pages ≈ $2.60 / statement† ≈$0.01 / credit ≈ $0.25 / statement‡ (categorization only)
At firm volume $349/mo — 600 statements ≈ $0.58 / statement ≈$159–399/mo — 640–2,000 pages ≈ $0.80–0.99 / statement† Bulk credits from $0.004 ≈ $0.10 / statement‡
Data handling Encrypted in transit, files never stored Cloud processing, SOC 2 Type II (per vendor) In-memory, deleted after export or 4 hrs
Support Real humans, priority tiers on Professional+ Email / knowledge base Email

† DocuClipper prices by page, not by statement. Estimate assumes ~4 pages per statement, a typical monthly range — your mileage will vary with statement length. ‡ TraceEntry prices by transaction. Estimate assumes ~25 transactions per statement and applies only once data is already in spreadsheet form.

The gap that matters most: where you're actually starting from.

Most bookkeepers don't get a tidy CSV from clients — they get a PDF, or a scan, or a phone photo of a statement. TraceEntry is a genuinely good categorizer, but it can't open that file. You'd need a separate extraction step before it can do anything. CPA Statements and DocuClipper both start at the PDF — the actual starting point for most client work.

Client hands you a PDF statement
CPA Statements✓ handles it directly
DocuClipper✓ handles it directly
TraceEntry✗ needs CSV first
Extra step required+1 tool, +1 bill

Where each one is a genuinely good fit

CPA Statements

from $49/mo

DocuClipper

from ~$39/mo

TraceEntry

~$0.01/credit

Start with the file you actually have.

Upload a real PDF statement and see the converted output in under a minute. No card required for the first 10.

Try it free →