The Lido alternative that exports an actual QBO file
Lido is a capable converter with strong accuracy on scanned statements, but its own comparison notes the catch: it outputs to spreadsheet format, not a direct QBO file. That leaves you converting the spreadsheet into something QuickBooks will accept. StatementFlow writes a genuine .qbo Web Connect file — OFX/SGML with the institution ID QuickBooks Desktop checks — so the import is one step.
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PDF, scan, or phone photo — any bank. Exports to Excel, CSV, QBO, or OFX.
Encrypted in transit · Processed in memory · Deleted immediately
StatementFlow vs Lido
| StatementFlow | Lido | |
|---|---|---|
| Direct .qbo file export | Yes — Web Connect file QuickBooks imports directly | Spreadsheet output for QBO/IIF import |
| Xero (OFX) export | Yes | Spreadsheet output |
| Tally XML export | Yes | Not offered |
| Scanned statements & photos | Yes | Yes — built-in OCR |
| Free tier | Permanent 25 pages/month, no card, renews monthly | 50 free pages, no card |
| Paid pricing | Free to start; Pro and Business plans | From $29/month |
| Do credits expire? | Paid credits never expire | Not documented |
| Balance reconciliation | Every row checked against the running balance | States 99.9% accuracy on scans |
| File storage | Processed in memory, deleted immediately, never stored | Standard cloud processing |
Comparison based on publicly available information as of September 2026. Lido’s features and pricing may change — check their site for the latest.
Why people switch to StatementFlow
One import step, not two
QuickBooks accepts .qbo as a bank feed. Getting a spreadsheet instead means a second conversion before the transactions are usable — the exact step you were paying to remove.
The file is built the way QuickBooks expects
Our QBO export is valid OFX/SGML 1.0.2 â it uploads straight into QuickBooks Online, and into Xero as OFX. QuickBooks Desktopâs Web Connect additionally checks a bank-specific institution ID issued by Intuit; where weâve confirmed one for your bank we write it, and where we havenât, use QuickBooks Online or import the CSV.
You keep what you pay for
Paid credits never expire. There's no monthly reset that quietly deletes volume you already bought.
Free doesn't run out
The free tier is 25 pages every month, permanently — not a one-time allocation that ends once you've used it.
Lido alternative — questions
Does StatementFlow produce a real .qbo file?+
Yes. You get a .qbo (Web Connect) file that imports straight into QuickBooks Online or Desktop — no intermediate spreadsheet step.
Will QuickBooks Desktop accept it?+
Yes. The file is written as OFX/SGML 1.0.2 with an institution ID, which is what QuickBooks Desktop checks. Import it via File → Utilities → Import → Web Connect Files.
How does the free tier compare?+
Lido offers 50 free pages up front. StatementFlow gives 25 pages every month, permanently, with no credit card — so it keeps working after the first batch.
Can it export for Xero or Tally as well?+
Yes — the same conversion exports OFX for Xero and XML for TallyPrime, alongside Excel and CSV.
See full pricing or browse supported banks.