Card statements play by different rules than bank statements, and converting them correctly means respecting those rules rather than pretending they're the same document.
How card statements differ
- There's usually no per-row running balance — just a list of charges, payments and credits.
- Direction is marked with CR (or context) rather than signs: payments received, refunds and cashback appear as credits.
- Instead of opening and closing balances, the statement declares a previous balance and a new balance.
How conversion handles them
NoRekey detects that it's reading a card statement and flips CR lines to the correct sign automatically. Verification runs the card way: previous balance + charges − payments and credits = new balance, to the penny. If that equation doesn't hold, the conversion is flagged for review instead of exported.
Importing into your books
Import card ledgers into a credit card account in QuickBooks or Xero, not a bank account — the software treats the balance direction correctly that way. Amex, Discover, Capital One and Virgin Money card statements all follow this path; each has its own converter page with the details.
Foreign currency purchases
Exchange-rate sub-lines under a purchase stay in the description; the exported amount is the billed figure in the card's own currency, so the statement still reconciles.