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Invoice Extraction Automation (Easiest Way in 2024)

In this article, we will show you how to automate invoice extraction using the Lido app. Simply follow the steps below!

How to Automate Data Extraction from Invoices

To automate invoice data extraction, we'll use Lido, a tool tailored to streamline and automate repetitive tasks in spreadsheets. You can register for a free account at this link: https://www.lido.app/go/signup.

For this guide, we will be using Lido's custom formula, EXTRACTTABLESFROMPDF, to automate the extraction of tabular data from PDF invoices:

Step 1: Upload Your PDF Invoice to Google Drive

Sign into your Google Drive and upload the PDF invoice you want to extract data from. Ensure the PDF is online and accessible for Lido's use.

invoice extraction automation

Step 2: Create a New Spreadsheet in Lido

Navigate to the Files page on your Lido account and click the "New file" button at the top right to start a new spreadsheet for managing the data from your PDF invoice.

automate data extraction from invoice

Step 3: Insert a New Worksheet

Next to your default sheet, click the plus (+) icon at the top left corner to add a new worksheet.

automatic invoice data extraction

Step 4: Input the EXTRACTTABLESFROMPDF Formula

In the new worksheet, go to cell A1 and type in "=EXTRACTTABLESFROMPDF(".

automate invoice extraction

Step 5: Link Your Google Drive to Lido

Press the "Add Credential" button then "Connect to Google Drive" to link your Google Drive with Lido. Follow the steps on screen to complete the account setup.

automate data extraction from pro forma invoice

Step 6: Open the File Dialog

With your account linked, press the comma key to move to the next section of the formula. Then, click "Select a file" to open the file selector.

Step 7: Select the Uploaded PDF Invoice

Navigate through Google Drive and select the PDF invoice you uploaded earlier. This links your PDF directly to the formula.

Step 8: Complete the Formula

Complete the formula by typing ",Sheet1!B2)" to specify that the extracted data should start at cell B2 in Sheet1. Press ENTER to apply the formula.

Step 9: Run the Formula for Extraction

Right-click on the menu in cell A1 and choose "Run action" from the context menu. This action initiates the formula, extracting table data from your PDF invoice into the spreadsheet.

Step 10: Verify the Extracted Invoice Data

Go to Sheet1 to check the extracted data. Confirm that the tables have been extracted precisely and accurately represent the invoice content. Note that only tabular data will be extracted.

We hope that you now know how to automate invoice extraction using Lido.