<- All use cases

Financial Statements OCR

Lido's OCR financial statements tool allows automating data extraction from financial statements directly into a spreadsheet without the need for manual data entry, saving your team valuable time and money.

Try this in Lido for free ->Schedule an onboarding call
Watch demo video
Lido is trusted by sales, marketing, and operations teams at:
and 100s of other companies

Why you should use this

Automating financial statements data extraction can dramatically streamline your accounting processes, making it easier to manage, analyze, and report financial statements information. Lido's PDF importer tool allows for quick data extraction of financial statements data, ensuring that all entries are accurately reflected in a spreadsheet format suitable for processing and analysis. This reduces the administrative burden and minimizes errors associated with manual data entry.

How it Works

Automating extraction of financial statements to a spreadsheet has never been easier with Lido's OCR financial statements tool. Either draw a box around the section of the financial statements data you want to add to your spreadsheet, or copy all of the financial statements (including multiple pages) at once to a spreadsheet.

Schedule an onboarding callTry this in Lido for free ->

Upload Financial Statements PDF to Lido

Use Lido's PDF Import Tool or the built in Google Drive connector and select the financial statements you want to extract.

‍

Use the PDF importer or EXTRACTTABLESFROMPDF formula

Either draw a box visually around the section of the financial statement to extract, or use Lido's EXTRACTTABLESFROMPDF formula to pull tabular data from the financial statements PDF into Lido's spreadsheet.

‍

EXTRACTTABLESFROMPDF(<drive-credential>,"path to file",<output cell>)

‍

Export Financial Statements Data to your Spreadsheet

Use Lido's OCR financial statements data extraction app to copy your financial statements into your spreadsheet.

If you enjoyed this use case, you might also like our use cases on unstructured financial data extraction and how to extract data from financial contracts.

Tutorials to help you get started

Step-by-step instructions to guide you through setting up this automation in Lido.
Instructions from the Lido blog ->
Youtube video ->
Talk to a product specialistTry this in Lido for free ->

Who should use this

This tool is ideal for small business owners, freelance professionals, and legal teams who use Google Sheets and regularly handle a high volume of financial statements. If you manage multiple client accounts and you need a quick, accurate way to translate financial statements data into a more manageable format, this automation is perfect for you. It's particularly valuable for those who need to maintain organized compliance records for easy access, reporting, and analysis purposes. Whether you are streamlining processes for automating data extraction from financial statements data, or conducting reviews, converting your financial statements data to Google Sheets with this tool reduces manual data entry and increases accuracy.
Talk to a product specialistTry this in Lido for free ->

Related Use Cases

Discover more workflows you can automate with Lido.

Extract Purchased Items from a Shopping Receipt

Lease renewal tracking software

Send Slack messages based on dates in PostgreSQL

Chart Abstraction Tool

Automate Google Doc generation

Convert PDF Invoices to Excel for Free

View all