Coconut + Management Accounts: Complete Workflow
Preparing for management accounts and using Coconut? Preparing monthly management accounts requires categorising all bank transactions by cost centre, project, or department. PDF statements make this analysis difficult. BankScan AI bridges the gap between your bank's PDF statements and Coconut's import feature.
BankScan AI → Coconut for Management Accounts
Convert bank statement PDFs to CSV formatted for Coconut import. Convert bank statements to Excel spreadsheets for fast categorisation, pivot table analysis, and management reporting. Save hours of manual data extraction.
How It Works
Upload your bank statement PDF
Supports all major banks. Upload Monthly, covering the previous calendar month; some businesses also require quarterly board packs with 3-month rolling data of statements.
AI formats for Coconut
Output as CSV with Date, Description, Amount — Coconut accepts a single amount column with positive for income and negative for expenses — dates in DD/MM/YYYY.
Import and use for management accounts
Upload into Coconut and use the reconciled data for management accounts.
Supported Banks
BankScan AI works with all major UK and US banks, including:
Coconut + Management Accounts Features
- Coconut ready — Output formatted as CSV matching Coconut's expected column structure
- Smart integration — Coconut auto-categorises imported transactions by comparing them against your existing Coconut transaction categories, learning your categorisation preferences over time.
- Built for Management Accounts — Convert bank statements to Excel spreadsheets for fast categorisation, pivot table analysis, and management reporting. Save hours of manual data extraction.
Import for Management Accounts into Coconut
After converting your bank statements for management accounts:
- In Coconut, go to Transactions > Import
- Upload the CSV from BankScan AI to bring in transactions from external bank accounts alongside your Coconut banking data
Common Import Issues
Coconut is primarily a banking app — the import feature is designed for bringing in transactions from non-Coconut accounts. Large file imports may time out on mobile.
Coconut Import for Management Accounts
Management accounts are typically expected within 10-15 working days of month-end to be useful for decision-making; stale data loses its management value
Convert for Coconut + Management Accounts