AutoEntry Bank Statement Processing: Features, Pricing & Alternatives
AutoEntry processes bank statements using a credit-based system. Discover how their processing works, what it costs, and how Zera Books delivers unlimited processing at a flat monthly rate.
TL;DR
- •AutoEntry charges 3 credits per page for bank statements and processes 80% within 30-240 minutes
- •ePDF digital extraction is 10x faster than scanned documents, but OCR struggles with poor quality scans
- •Credits expire after 90 days, and overage fees apply (10% extra) when you exceed 200% of your monthly limit
- •Zera Books offers unlimited bank statement processing at $79/month with AI categorization and multi-account detection
How AutoEntry Processes Bank Statements
AutoEntry uses a credit-based system to process bank statements. Here's how their processing works, what it costs, and how long it takes.
ePDF Digital Extraction
For electronic PDFs downloaded directly from online banking, AutoEntry uses bespoke digital extraction that reads data from embedded code—no OCR required.
- 10x faster processing than scanned documents
- Works with 600+ banks and card providers
- Higher accuracy due to direct data extraction
- 80% processed within 30-240 minutes
OCR for Scanned Documents
For scanned paper statements or image-based PDFs, AutoEntry uses Optical Character Recognition (OCR) technology to extract transaction data.
- Slower processing: up to 4 hours for 80% completion
- Quality dependent: poor scans reduce accuracy
- Struggles with pen marks or handwriting on documents
- Cannot recognize text if scan quality is too poor
Credit-Based Pricing System
AutoEntry charges 3 credits per page for bank statements—higher than invoices due to complex data extraction.
Every page uploaded consumes credits, including blank pages and summary sections
Unused credits expire after 90 days, forcing you to use them or lose them
Exceeding 200% of monthly limit adds 10% extra charge to your next bill
Example cost calculation: A 10-page bank statement costs 30 credits. If you process 50 statements/month (avg 8 pages each), you'll consume 1,200 credits. At typical AutoEntry pricing tiers, this can add up significantly compared to unlimited alternatives.
AutoEntry's Bank Statement Limitations
While AutoEntry offers bank statement processing, there are several constraints that can impact accounting workflows—especially for firms processing high volumes.
Credit Tracking Anxiety
Constantly monitoring credit usage creates mental overhead. Should you process this statement now or wait until next month?
- •Manual credit balance checking
- •Unpredictable monthly costs
- •90-day expiration pressure
Processing Time Delays
Waiting 30-240 minutes for ePDFs (or up to 4 hours for scanned docs) disrupts time-sensitive workflows like month-end close.
- •Cannot complete same-day processing
- •Server load impacts speed
- •Batch uploads queued sequentially
OCR Accuracy Issues
Scanned statements require OCR, which struggles with poor quality scans, pen marks, or handwriting—forcing manual corrections.
- •Quality-dependent accuracy
- •Fails with handwritten annotations
- •Manual verification required
What AutoEntry Doesn't Include
Zera Books: Unlimited Bank Statement Processing
Process unlimited bank statements at a flat $79/month—no credit tracking, no expiration anxiety, no overage fees. Just complete workflow automation.
Unlimited Processing
No page limits, no credit tracking, no usage anxiety—process as many statements as you need
AI Categorization
Auto-categorize transactions for QuickBooks/Xero chart of accounts with Zera AI
Multi-Account Detection
Automatically detect and separate checking, savings, and credit cards in single PDF
Client Management
Organize conversions by client, track history, manage multi-client workflows
Zera AI vs AutoEntry Technology
Zera AI Technology
- Dynamic format recognition - trained on millions of financial documents
- 99.6% field-level accuracy across all bank formats
- Handles any quality - clean digital PDFs or poor scans
- No bank limitations - works with any institution worldwide
AutoEntry Technology
- Two-tier system - ePDF digital extraction OR OCR (not unified)
- Limited to 600 banks for fast ePDF processing
- Quality-dependent OCR struggles with scans, pen marks
- Variable processing times (30 min - 4 hours)
AutoEntry vs Zera Books: Feature Comparison
See how Zera Books' unlimited platform compares to AutoEntry's credit-based processing for accounting workflows.
| Feature | AutoEntry | Zera Books |
|---|---|---|
| Pricing Model | Credit-based (3 per page) | $79/month unlimited |
| Processing Volume | Limited by credits | Unlimited |
| Credit Expiration | 90 days | No expiration |
| Processing Time | 30-240 min (ePDF) Up to 4 hrs (scanned) | Instant processing |
| AI Transaction Categorization | Not included | Included (Zera AI) |
| Multi-Account Detection | Manual separation | Automatic |
| Client Management Dashboard | Basic organization | Full dashboard |
| Supported Bank Formats | 600+ for ePDF OCR for others | Any bank worldwide |
| Scanned PDF Accuracy | Quality-dependent OCR | 95%+ (Zera OCR) |
| QuickBooks/Xero Integration | CSV/QBO export | Direct + categorized |
| Batch Processing | Sequential queue | 50+ simultaneous |
| Overage Fees | +10% over 200% | None |
Cost Comparison: 100 Statements/Month
Real-world cost analysis for accounting firms processing high volumes
100 statements × 8 pages avg × 3 credits = 2,400 credits/month
- •Variable costs based on page count
- •Overage fees during tax season
- •Unused credits expire after 90 days
Process 100, 500, or 1,000 statements—same flat rate
- No usage tracking or calculations
- Predictable costs year-round
- AI categorization included (saves 30+ min/client)
"My clients send me all kinds of messy PDFs from different banks. This tool handles them all and saves me probably 10 hours a week."
Ashish Josan
Manager, CPA at Manning Elliott
Ready for Unlimited Bank Statement Processing?
Stop tracking credits and paying overage fees. Process unlimited bank statements with AI categorization and multi-account detection at $79/month.