> PDF also works GREAT as an archival format. I log into financial accounts regularly and save PDFs for each statement period. Makes reconciling a snap. And provides a locally archived document history for audits from taxing authorities etc. I never have to resort to finding paper.
I don't have a problem with PDFs myself, but surely it would be better if your bank gave you these in text form so that you can actually easily and reliably process them?
The transaction exports in Quickbooks or Quicken format that can be imported GnuCash or whatever is helpful. However, if at some point there is an audit nothing beats the usability of easy for the auditor to understand visual format that is a date/time stamped record.
Also put in for a mortgage or mortgage refinance. What does the underwriter want to see? Two to three years of tax returns (PDF) and two months of bank statements (PDF) to prove the source of your down payment funds.
I don't have a problem with PDFs myself, but surely it would be better if your bank gave you these in text form so that you can actually easily and reliably process them?