Why StatementClear exists

StatementClear turns a bank, card or platform statement into live bank feed lines in Xero, using Xero's official Bank Feeds API. It exists for the accounts Xero's own feeds do not reach, or no longer reach - the ones whose transactions only arrive in the ledger because somebody exports a file and imports it by hand, every period, indefinitely.

The problem

Xero’s bank feeds are excellent when they work, and a great many accounts sit outside them. Some providers have no feed at all. Some have one that covers the business account and not the card, or the domestic account and not the foreign one. Some feeds exist and stop — consent expires, an aggregator has an outage, a connection silently dies and nobody notices until the reconciliation does not balance. And almost every feed backfills somewhere between nothing and twelve months, so an account can be freshly connected and still incomplete.

Those are four different causes with one artefact: transactions that exist on a statement and nowhere in the ledger. The bookkeeping cost is identical in every case, and it recurs. Somebody downloads a file, reshapes the columns, imports it, and finds out afterwards which rows arrived twice.

What we do about it

StatementClear treats the statement as the source it already is. You upload the file the bank gave you — PDF, CSV or Excel — and the columns are mapped once per account and remembered, so every upload after the first is just the file. Before anything is posted, the lines are checked against what is already in the account for duplicates, the running balance is verified against the statement’s own figures, and sign conventions are normalised for the exports that record spending as a positive number.

Then the lines go into Xero through the official Bank Feeds API. That last part is the point: they arrive as bank feed lines, so the account reconciles as a fed account rather than an imported one, and the next statement continues the same feed instead of starting another import.

Who it is for

Bookkeepers and accountants running client organisations where some accounts have no feed, and finance teams at businesses banking with neobanks, foreign banks or providers outside Xero’s coverage. It is also built for the case where money moves through a payment platform’s balance — Stripe, Square, Shopify Payments, GoCardless, PayPal — and the bank feed only ever sees the net payout, along with charities and organisations with invoice finance or lending facilities whose providers Xero has never supported.

If you want to know whether a specific provider is covered, the banks and platforms directory says what Xero’s native coverage does for each account and where it stops.

Who builds it

StatementClear is built and operated by RemitClear Ltd, a company registered in England & Wales under company number 17244638. It works with Xero and is not affiliated with, certified by, or endorsed by Xero. What happens to statement data, and what we never ask for, is set out on the security and privacy pages.

The company takes its name from its other product, RemitClear, which automates remittance matching and cash application in Xero and QuickBooks Online. The two are separate products and neither requires the other: RemitClear matches incoming payments to invoices. StatementClear delivers the bank lines. Neither is a substitute for the other.

Common questions