Lido is popular for bank statement conversion, but its free tier is limited and pricing scales aggressively at small-team volume. PDFExcel handles bank statements, invoices, financial reports, tax forms, and receipts in one workflow — with 10 documents free every month, no expiring trial, and no per-vendor template setup.
Lido does one thing well — bank statement conversion to Excel. The free tier covers a few statements, but bookkeepers running monthly close on 10+ clients hit the paid tier fast. Lido's pricing scales per page, which makes 30-page business statements expensive when you're processing dozens per month. And Lido focuses primarily on bank statements; users handling invoices, receipts, expense reports, tax forms, or peer financials end up cobbling together multiple tools.
Bookkeepers and small accounting practices want one tool that handles everything — bank statements, vendor invoices, credit card statements, receipts, payroll stubs, peer financials — at a predictable monthly cost. Lido's per-page model and bank-statement-only focus doesn't fit the workflow.
PDFExcel reads bank statements with the same structure-aware approach — running balance preserved, multi-page tables stitched, scanned statements handled via built-in OCR. But the same workflow extends to credit card statements, vendor invoices, receipts, 1099 forms, K-1s, financial statements, and more.
Pricing is flat per document, not per page. A 30-page Chase Business Complete statement counts as one document toward your monthly allowance, regardless of length. 10 free documents/month forever. Plans from $69/month for 50 documents (Starter), $199 for 200 (Pro), $699 for 1,000 (Business). No annual contract — pause/resume monthly.
PDFExcel is what Lido would be if it weren't bank-statement-only and per-page-priced.
Both tools touch PDFs. PDFExcel's edge: smart AI that lets you describe exactly what to extract, a real free tier, no install, and pipeline automations for teams.
Bank statement workflow PDFExcel matches Lido's output quality on. Note: PDFExcel handles 7+ other document types with the same workflow.
| # | Date | Description | Debit | Credit | Running Balance |
|---|---|---|---|---|---|
| 1 | 03/02/2025 | Opening Balance | $24,318.42 | ||
| 2 | 03/03/2025 | ACH CREDIT — STRIPE PAYMENTS | $4,210.00 | $28,528.42 | |
| 3 | 03/05/2025 | CHECK #1432 — Smithson HVAC | $1,875.00 | $26,653.42 | |
| 4 | 03/08/2025 | ZELLE TO Acme Supply | $612.50 | $26,040.92 | |
| 5 | 03/11/2025 | WIRE TRANSFER IN — Acme Capital LLC | $15,000.00 | $41,040.92 |
Bookkeepers running monthly close on 5-30 clients, AP teams processing weekly vendor invoice batches, tax preparers handling busy-season envelopes, controllers running multi-document close.
12 clients, mostly bank statements but also card statements + receipts. Switched from Lido (bank-statements-only + per-page pricing) to PDFExcel (every doc + per-document) — total monthly cost dropped 40% with broader coverage.
Lido for bank statements, then manually typing 1099s + K-1s + W-2s during busy season. PDFExcel handles all of it in one tool — busy-season workflow simplifies, single subscription.
Lido didn't extract vendor invoices. Switched to PDFExcel for both bank statements and invoices. Long-tail vendor coverage works without per-vendor template setup.
Yes. PDFExcel uses the same structure-aware approach Lido does on bank statements — running balance preserved, multi-page tables stitched, scanned statements handled via OCR. Quality is comparable on the bank-statement use case Lido is known for.
Lido charges per page (varies by tier). PDFExcel charges per document (any page count = 1 document). For long business statements (30-50 pages typical), per-document is substantially cheaper. Free tier is 10 docs/month forever; plans from $69/month for 50, $199 for 200, $699 for 1,000.
Yes. Each document type has its own page (invoices, receipts, 1099s, K-1s, etc.) with document-type-specific extraction. Lido focuses on bank statements only.
10 documents per month, free, forever. Not a 7-day trial. No card required. You'll never be charged unless you explicitly upgrade.
Yes. The browser-based workflow is similar — sign in, upload, pick fields, download. The CSV output drops into the same QuickBooks / Xero / NetSuite import paths Lido's output does.