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ParseStatement alternative: stmtai vs ParseStatement

ParseStatement (Parse Statement) converts PDF statements from about 90 sources, with pages for Indian banks and for PhonePe, Google Pay and Paytm wallet statements, and sells pages cheaply by the month. stmtai converts bank and card statements from any bank and leads with the balance check, Tally XML and an API on every plan. This page compares the two on price, exports, Tally, the API and what each publishes about your file. Facts are from parsestatement.com in October 2026.

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Convert a statement free5 pages free, no account.

Side by side

FeatureParseStatementstmtai
Reconciliation before downloadUpload, then "verify the extracted rows and totals" before exportingOpening plus money in minus money out must equal the printed closing balance, row by row, before you download; the first bad row is highlighted
Free trial5 pages with no account, or 10 pages a day signed in; signed-in free pages reset daily and do not roll over5 pages free with no account, then 10 pages every month with a free account
Entry price$9/month for 500 pages (Starter)$19 one time for 100 pages that never expire ($0.19 a page), or $29/month for 300 pages
Mid tier$19/month for 1,500 pages (Growth)$29/month for 300 pages
High tier$39/month for 5,000 pages (Business)$99/month for 1,200 pages and 10 seats
Unused pagesUnused paid pages roll into the next billing period, capped at twice the plan allowancePlan pages reset monthly; Pack pages never expire
InputsPDF statements from about 90 sources, including HDFC Bank, SBI, Union Bank and the PhonePe, Google Pay and Paytm walletsPDF, scan, photo, CSV, QIF, OFX from any bank or card issuer; password-protected PDFs unlocked in the browser
ExportsCSV and Excel free; Google Sheets, OFX, QIF, QuickBooks CSV, Xero CSV, Tally CSV, PDF review reports and accountant packages on a paid subscriptionExcel, CSV, QBO, Xero CSV, Tally XML, QuickBooks CSV and a PDF reconciliation report, on every plan
Tally XMLTally CSV on paid plans, and a Tally conversion page is linked from the homepage; a voucher XML for Alt+O import is not listed (checked October 2026)Yes, TallyPrime XML (Receipt and Payment vouchers for Alt+O import) on every plan
APIA statement parser API page is linked from the homepage; which plans include it is not published on the homepage or pricing page (checked October 2026)Every plan including Free: create, upload, poll, export, optional signed callback
Email a statement inNot listed (checked October 2026)Yes: email the PDF from your account address and get the Excel back by reply, with the balance verdict
BatchNot published on their site (checked October 2026)Up to 12 files, 60 pages each; one workbook with a sheet per statement and a continuity check between months
Your file after processingNot published on their site (checked October 2026)Deletion starts when processing ends; lifecycle is the fallback; result expires after 7 days

ParseStatement prices and features as listed on parsestatement.com and parsestatement.com/pricing in October 2026. They may have changed; check their site.

Sources: parsestatement.com/, parsestatement.com/pricing

When ParseStatement is the better choice

  • PhonePe, Google Pay or Paytm wallet statements: ParseStatement has a page for each; we convert bank and card statements.
  • Volume on a small budget: $9 a month for 500 pages and $39 for 5,000, with unused pages rolling over up to twice the allowance.
  • You want OFX or QIF output, or Google Sheets directly (paid plans).

When stmtai is the better choice

  • You import into TallyPrime: Receipt and Payment vouchers as XML for Alt+O import, in the free pages too; ParseStatement lists a Tally CSV on paid plans.
  • You convert in bursts: a $19 pack buys 100 pages that never expire, with no monthly bill, and no statement is charged more than 15 pages.
  • You want the REST API and email-in on every plan including Free, documented in the open at /docs/api.
  • You want to know what happens to the upload: deletion of your file starts when processing ends. ParseStatement's homepage and pricing page do not say what happens to theirs.
  • You want the QuickBooks .qbo and Xero CSV in the free pages; at ParseStatement the QuickBooks CSV and Xero CSV need a paid plan.

Try it on your own statement

5 pages free, no account. You will know in under a minute whether it balances.

Drop your bank statements here

One file or a whole year. PDF, scanned image, CSV, QIF or OFX. Up to 12 files at a time; long PDFs are split for you.

Not ready to upload your own? See a sample result

Questions

Is ParseStatement cheaper than stmtai?

Per page on a subscription, yes: ParseStatement charges $9 for 500 pages a month against Pro at $29 for 300. What you are paying for differs: Tally XML, the .qbo, the API and email-in are in our free pages, and a $19 pack never expires, so occasional use costs nothing in the quiet months.

Does ParseStatement export Tally XML?

Its pricing page lists a Tally CSV on paid plans and its homepage links a Tally conversion page; a voucher XML for Alt+O import is not listed there (checked October 2026). Ours writes Receipt and Payment vouchers between the bank ledger and a Statement Import Clearing ledger, which TallyPrime imports under Alt+O, Import, Transactions.

Can I try both?

Yes, and neither needs an account for the first 5 pages. Drop the same statement into each and compare the totals each one shows against the printed closing balance.

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