DocuClipper turns statements into files. This turns them into a credit answer.
DocuClipper is a solid conversion tool, and if the job ends at a spreadsheet it is a reasonable choice. On a lending desk the job does not end there: someone has to decide whether the deposits are real revenue, how much is already committed to other funders, and whether the number survives a challenge from the funder. SheetParser is scoped to exactly that last mile.
First file free, up to 10 pages · paid packs run up to 600 pages per file · files shredded after conversion
Same input, different finish line
Both accept a bank statement. The difference is what has been decided by the time you hand something to a funder.
Arithmetic proof, not just extraction
Opening + deposits − withdrawals = closing is recomputed after every row, and a break is flagged on the row where it occurs.
Revenue haircut you can show
Transfers, lender proceeds and reversals are excluded, and every exclusion is listed so the funder sees the same adjustments you do.
Existing positions surfaced
Funder debits are matched by name and cadence into positions with average debit and estimated monthly burn.
The chain across months
Month N closing versus month N+1 opening, with missing periods and isolated edits flagged.
Cell-level provenance
Click a number, land on the highlighted cell in the source PDF. Useful at the moment the funder asks a question.
A shared object the funder can check
The certificate is public and hash-bound. The funder verifies it without an account, and you do not have to send the raw statement again.
Inside every report
The same report on every file, so two analysts cannot arrive at two different answers.
- Transaction ledger rebuilt row by row, each row traceable to its source page
- Running-balance tie-out: opening + deposits − withdrawals = closing, recomputed after every row
- Day-weighted average daily balance over the actual statement period
- True operating revenue, with every excluded deposit listed rather than silently dropped
- Existing MCA debits by funder name and cadence, with possible matches flagged
- NSF and overdraft history, plus a printable underwriting memo
How it works
Upload the borrower's statement
PDF, scan or phone photo. One file is one credit; the free tier runs one file per day up to 10 pages.
Get the ledger and the decision inputs together
ADB, true revenue, stacking, NSF and continuity are derived from the same extraction, so the report cannot contradict itself.
Hand the funder something they can verify
Send the memo plus the certificate link. The funder checks the hash for free; you keep Excel, CSV and QBO exports.
SheetParser vs a conversion tool
Compared on the lending workflow, not on the breadth of document types.
| Capability | SheetParser | DocuClipper-class converter |
|---|---|---|
| Primary job | Underwrite a borrower's statement for a lending decision | Convert statements and receipts into spreadsheets |
| Output | Ledger, lender scorecard, printable memo, verification link | Spreadsheet, CSV or QuickBooks file |
| Balance handling | Full chain recomputed row by row; breaks flagged | Extraction with summary-level reconciliation |
| Non-operating deposits | Excluded and itemised | Counted as deposits |
| MCA stacking | Funder positions with cadence and monthly burn | Not part of the output |
| Cross-month chain | Built in, with gaps flagged | Each file processed separately |
| Pricing shape | Per-file report packs; credits never expire | Subscription tiers — check current terms |
| Best fit | MCA brokers, ISO shops, small-lender credit desks | Bookkeeping and document conversion workflows |
DocuClipper is a trademark of its owner and is not affiliated with SheetParser. Competitor features and pricing change; confirm them directly before relying on any comparison.
Questions a broker actually asks
Is this a drop-in replacement for DocuClipper?+
Only if your end goal is a lending decision on bank statements. SheetParser is deliberately narrower — no receipts, invoices or general document conversion. If you need a broad conversion tool, keep using one.
Do I get the same exports?+
Yes for statements: .XLSX, .CSV, Xero-format CSV and QuickBooks Web Connect (.QBO) with unique FITIDs. The difference is what is attached to them — the tie-out and the lender scorecard.
How is the free tier different?+
One file per day up to 10 pages, with the full running-balance tie-out and the lender scorecard — not a watered-down preview. Paid packs raise the file limit to 600 pages.
What does a pack cost?+
$79 for 10 files, $199 for 30, $499 for 100. One file is one credit regardless of page count up to 600, and credits never expire.
Do you store the statements?+
No. Files are shredded after conversion and never used for training. Paid accounts can keep their own report history and delete entries.
Run the next borrower file
Upload the statement, get the ledger and the lender scorecard, and send the funder a link they can verify without an account.