Financial & Banking Glossary

A tool that extracts data from PDF bank statements and converts it into Excel or CSV formats.

A summary of financial transactions that occurred at a bank account during a specific period.

A simple file format used to store tabular data, such as a spreadsheet or database.

Technology that converts different types of documents, such as scanned paper documents, PDF files, or images captured by a digital camera, into editable and searchable data.

The amount of money in a bank account at the beginning and end of a statement period.

The process of comparing two sets of records to ensure they are in agreement.

The default file format for Microsoft Excel, based on the Open XML standard.