First Direct Statements for Management Accounts
Preparing First Direct bank statements for management accounts? Preparing monthly management accounts requires categorising all bank transactions by cost centre, project, or department. PDF statements make this analysis difficult.
Convert First Direct Statements Instantly
BankScan AI converts your First Direct statement PDF to a clean Excel spreadsheet in seconds — handling DD MMM YYYY and minimalist single-column layout with transaction type codes and running balance, similar to HSBC but with simplified headers automatically. Convert bank statements to Excel spreadsheets for fast categorisation, pivot table analysis, and management reporting. Save hours of manual data extraction.
About First Direct Statement Format
First Direct statements follow an HSBC-family format but with a distinct minimalist layout. BankScan AI detects the variant automatically.
Getting Your First Direct Statement for Management Accounts
Log in to First Direct Online Banking, go to 'Statements', select the account and date range, and download as PDF. First Direct also supports OFX export under 'Download transactions' for direct import into accounting software. Download Monthly, covering the previous calendar month; some businesses also require quarterly board packs with 3-month rolling data of statements.
How It Works
Upload your First Direct statement
Drop your First Direct (HSBC) statement PDF. Supports PDF. Need Monthly, covering the previous calendar month; some businesses also require quarterly board packs with 3-month rolling data? Upload them all.
AI extracts every transaction
Our AI handles First Direct's DD MMM YYYY and minimalist single-column layout with transaction type codes and running balance, similar to HSBC but with simplified headers — extracting Revenue by stream, cost of sales, overheads by category, pay.
Use for management accounts
Download formatted Excel ready for management accounts. Transactions categorised by nominal code or cost centre, with pivot-table-ready structure for departmental P&L analysis and budget-versus-actual comparison
First Direct + Management Accounts Features
- First Direct optimised — Handles DD MMM YYYY dates and minimalist single-column layout with transaction type codes and running balance, similar to HSBC but with simplified headers
- 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.
- Period coverage — Convert Monthly, covering the previous calendar month; some businesses also require quarterly board packs with 3-month rolling data of First Direct statements in minutes
Convert First Direct for Management Accounts — Fast
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 First Direct Statement Free