Comparison

SpreadsheetBroccoli vs Statement Extract

Statement Extract is a free online QIF/QBO converter and PDF bank statement converter with browser-based processing. SpreadsheetBroccoli is better for converting CSV files to accounting formats with broader format support and accounting-specific features.

Try Cash App → QuickBooks yourself

Feature Comparison

Feature Comparison

Feature Statement Extract SpreadsheetBroccoli
Flexible pricing (pay-as-you-go)
Try without signup
No setup or learning required
Data stays on your device Browser-based
Works on any device
Error detection before upload
Fast email support
No API tokens required
No risk of data corruption
Full data transparency
Try It Free No signup required

What Statement Extract Does Well

To be fair, Statement Extract has genuine strengths:

Free online converter
QIF to QBO conversion
PDF bank statement to CSV/Excel
100% privacy (browser-based)
No account required
OFX file viewer
1,000+ banks supported

Which Should You Choose?

Choose Statement Extract

  • You need to convert QIF to QBO
  • You want free conversion tool
  • You need PDF bank statement conversion
  • You want 100% privacy (browser-based)
  • You prefer QIF/QBO format converter

Choose SpreadsheetBroccoli

  • You need CSV file conversion to accounting formats
  • You want QuickBooks and Xero support
  • You need accounting-specific validation
  • You want browser-based conversion with features
  • You need broader format support

How SpreadsheetBroccoli Works

1

Upload

Drop your CSV or Excel file — no signup needed

2

Preview

See exactly what your converted file looks like before paying

3

Download

Get your file in the right format, ready to import

Relevant SpreadsheetBroccoli Tools

These tools compete directly with Statement Extract:

Convert Cash App → QuickBooks Convert CSV to Sage Intacct Convert QIF to QBO

Ready for the simpler approach?

Try Cash App → QuickBooks yourself - no signup required.

Try It Free

Frequently Asked Questions

It depends on your needs. Statement Extract is built for businesses that need advanced automation and accounting integrations. If you're a small business doing monthly imports or occasional conversions, SpreadsheetBroccoli's simpler approach may be a better fit - no subscriptions, no setup, just results.
Not for the same transactions - you'd risk double-counting. However, you could use Statement Extract for ongoing automation and SpreadsheetBroccoli for one-off historical imports or quick ad-hoc conversions outside your normal workflow.
Statement Extract typically requires 30-60 minutes of initial setup (account creation, API connections, mapping configuration), then runs automatically. SpreadsheetBroccoli takes under 2 minutes per conversion - upload, preview, download. Choose based on whether you need ongoing automation or quick occasional conversions.
Pick a clean cutoff date (end of month works best). Let Statement Extract finish processing that period, then disconnect. Export your data from the source platform and use SpreadsheetBroccoli for conversions going forward. The first month needs careful reconciliation to ensure no gaps or duplicates.
Both produce accurate results when used correctly. Statement Extract uses API connections for automated data sync. SpreadsheetBroccoli processes the exact file you provide and shows you a preview before finalizing. Our pre-upload validation catches errors before they reach your accounting software.
Statement Extract typically charges monthly subscriptions regardless of usage. SpreadsheetBroccoli offers flexible options: free preview before commitment, pay-per-conversion, credit bundles for volume, or subscriptions for heavy users. You only pay for what you actually use.
Statement Extract offers various support tiers depending on your plan. SpreadsheetBroccoli provides fast email support to all users. Our file-based approach also means simpler troubleshooting - if something looks wrong, you can see exactly what data was converted in the preview.
Statement Extract processes data on their servers via API connections. SpreadsheetBroccoli processes files entirely in your browser - your data never leaves your device. There's no account to hack, no API tokens to secure, and no data stored on external servers.
SpreadsheetBroccoli is ideal for small businesses doing their own bookkeeping, occasional users who need monthly or quarterly imports, and anyone who wants instant results without learning a new platform. Statement Extract is better suited for larger operations with dedicated bookkeepers who need ongoing automation.
Statement Extract offers automated syncing, real-time connections, and features like multi-channel consolidation or advanced accounting automation. SpreadsheetBroccoli focuses on doing file conversion exceptionally well - fast, private, and simple. We're not trying to replace full accounting platforms, just make conversions effortless.
Absolutely not. This is a major security advantage of SpreadsheetBroccoli over Statement Extract. Statement Extract requires you to hand over API keys or login credentials, creating a permanent security vulnerability. We only touch the specific file you upload, process it in your browser, and forget it immediately.
It works until it breaks. Automated integrations often fail silently when platforms update their APIs, leaving you with weeks of missing or duplicated data to clean up manually. SpreadsheetBroccoli is deterministic: you verify the file right now, import it right now, and you know it's done correctly. It turns "background anxiety" into "finished work."
You can, but the cost is validation and edge cases. AI often hallucinates math or format structures, and free scripts rarely handle messy real-world data (missing SKUs, strange currency formats, tax anomalies). We have battle-tested validators specifically for Statement Extract exports that catch issues a generic script will miss.