FreshBooks + Debt Management: Complete Workflow
Preparing for debt management and using FreshBooks? Debt management advisors and IVA supervisors need detailed analysis of a debtor's bank statements to assess income, essential spending, and disposable income. BankScan AI bridges the gap between your bank's PDF statements and FreshBooks's import feature.
BankScan AI → FreshBooks for Debt Management
Convert bank statement PDFs to CSV / OFX formatted for FreshBooks import. Convert bank statements to Excel to quickly categorise income and expenditure, calculate disposable income, and prepare debt management or IVA proposals.
How It Works
Upload your bank statement PDF
Supports all major banks. Upload 3-6 months of recent statements to establish a reliable income and expenditure pattern for the proposal of statements.
AI formats for FreshBooks
Output as CSV / OFX with Date, Description, Amount — FreshBooks supports single amount column (negative for expenses) or separate Debit/Credit columns — dates in YYYY-MM-DD or MM/DD/YYYY.
Import and use for debt management
Upload into FreshBooks and use the reconciled data for debt management.
Supported Banks
BankScan AI works with all major UK and US banks, including:
FreshBooks + Debt Management Features
- FreshBooks ready — Output formatted as CSV / OFX matching FreshBooks's expected column structure
- Smart integration — FreshBooks automatically matches imported bank transactions to sent invoices, marking them as paid and updating cash flow reports in real time.
- Built for Debt Management — Convert bank statements to Excel to quickly categorise income and expenditure, calculate disposable income, and prepare debt management or IVA proposals.
Import for Debt Management into FreshBooks
After converting your bank statements for debt management:
- In FreshBooks, go to Banking > Add Account > Import Transactions from File
- Upload your CSV or OFX file, map the columns, and import
Common Import Issues
FreshBooks limits imports to 500 transactions per file. For longer periods, split into monthly files. OFX import is generally smoother than CSV.
FreshBooks Import for Debt Management
IVA proposals must be sent to creditors within 14 days of the nominee's report; debt management plans need quick setup to stop creditor action and interest accrual
Convert for FreshBooks + Debt Management