Automating Repetitive Bank Statement Tasks in Excel with VBA Scripts

Bank statement reconciliation and analysis often involve tedious, repetitive actions in Excel. From sorting transactions to categorizing expenses, these tasks can consume significant time—unless you automate them. VBA (Visual Basic for Applications) is a powerful scripting language built into Excel that can transform the way you interact with your bank data.

Why Automate Bank Statement Tasks?

Manual handling of bank statements can lead to errors, inefficiency, and, frankly, boredom. Here are some everyday scenarios where automation can make a difference:

• Sorting and formatting transactions
• Categorizing expenses based on keywords
• Identifying duplicate or missing entries
• Summarizing spending by category or date
• Generating monthly reports

By leveraging VBA, you can automate these tasks with the click of a button.

Getting Started: Preparing Your Bank Statement

Before diving into VBA, ensure your bank statement is in a consistent format. Typically, you’ll want columns for:

• Date
• Description
• Amount
• Balance (optional)
• Category (optional; can be filled by script)

Make sure your data has clear headers in the first row.

Essential VBA Scripts for Bank Statement Automation

Below are some practical VBA scripts to jumpstart your automation journey. Each example includes guidance on adaptation for your unique needs.

1. Auto-Sorting Transactions by Date

Sorting your transactions chronologically is often the first step. Here’s a simple script to sort data by the "Date" column:

Sub SortByDate()
    Dim ws As Worksheet
    Set ws = ThisWorkbook.Sheets("Sheet1") ' Update sheet name as needed
    ws.Sort.SortFields.Clear
    ws.Sort.SortFields.Add Key:=ws.Range("A2:A1000"), Order:=xlAscending ' Assumes dates are in column A
    With ws.Sort
        .SetRange ws.Range("A1:D1000") ' Adjust the range as needed
        .Header = xlYes
        .Apply
    End With
End Sub

Tip: Change Sheet1 and the range A1:D1000 to match your data.

2. Automatic Expense Categorization

Categorizing expenses can be mind-numbing. Use keywords to automate this process:

Sub CategorizeExpenses()
    Dim ws As Worksheet
    Dim lastRow As Long
    Dim i As Long
    Dim desc As String
    
    Set ws = ThisWorkbook.Sheets("Sheet1")
    lastRow = ws.Cells(ws.Rows.Count, "B").End(xlUp).Row ' Assumes description is in column B
    
    For i = 2 To lastRow ' Start from row 2 to skip header
        desc = LCase(ws.Cells(i, 2).Value)
        Select Case True
            Case InStr(desc, "grocery") > 0
                ws.Cells(i, 5).Value = "Groceries"
            Case InStr(desc, "uber") > 0 Or InStr(desc, "taxi") > 0
                ws.Cells(i, 5).Value = "Transport"
            Case InStr(desc, "netflix") > 0 Or InStr(desc, "spotify") > 0
                ws.Cells(i, 5).Value = "Entertainment"
            Case Else
                ws.Cells(i, 5).Value = "Other"
        End Select
    Next i
End Sub

Tip: Add more keywords or categories to suit your financial habits.

3. Flagging Duplicate Transactions

Duplicate entries can skew your analysis. This script highlights duplicates based on date, description, and amount:

Sub FlagDuplicates()
    Dim ws As Worksheet
    Dim lastRow As Long
    Dim i As Long, j As Long
    Set ws = ThisWorkbook.Sheets("Sheet1")
    lastRow = ws.Cells(ws.Rows.Count, "A").End(xlUp).Row

    For i = 2 To lastRow
        For j = i + 1 To lastRow
            If ws.Cells(i, 1).Value = ws.Cells(j, 1).Value And _
               ws.Cells(i, 2).Value = ws.Cells(j, 2).Value And _
               ws.Cells(i, 3).Value = ws.Cells(j, 3).Value Then
                ws.Cells(j, 1).Interior.Color = vbYellow
                ws.Cells(j, 2).Interior.Color = vbYellow
                ws.Cells(j, 3).Interior.Color = vbYellow
            End If
        Next j
    Next i
End Sub

Note: For large data sets, consider faster methods using dictionaries or arrays.

4. Monthly Summary Generator

Quickly summarize your spending by month and category:

Sub MonthlySummary()
    Dim ws As Worksheet
    Dim summaryWs As Worksheet
    Dim lastRow As Long
    Dim i As Long
    Dim key As String
    Dim dict As Object
    
    Set ws = ThisWorkbook.Sheets("Sheet1")
    Set summaryWs = ThisWorkbook.Sheets.Add(After:=ws)
    summaryWs.Name = "Summary"
    Set dict = CreateObject("Scripting.Dictionary")
    
    lastRow = ws.Cells(ws.Rows.Count, "A").End(xlUp).Row
    
    For i = 2 To lastRow
        key = Format(ws.Cells(i, 1).Value, "yyyy-mm") & "-" & ws.Cells(i, 5).Value
        If dict.Exists(key) Then
            dict(key) = dict(key) + ws.Cells(i, 3).Value
        Else
            dict.Add key, ws.Cells(i, 3).Value
        End If
    Next i
    
    summaryWs.Cells(1, 1).Value = "Month"
    summaryWs.Cells(1, 2).Value = "Category"
    summaryWs.Cells(1, 3).Value = "Total"
    
    i = 2
    Dim item As Variant
    For Each item In dict.Keys
        summaryWs.Cells(i, 1).Value = Split(item, "-")(0) & "-" & Split(item, "-")(1)
        summaryWs.Cells(i, 2).Value = ws.Cells(2, 5).Value ' Update if you want the category name
        summaryWs.Cells(i, 3).Value = dict(item)
        i = i + 1
    Next item
End Sub

Tip: Customize this script to include more detailed breakdowns or visual charts.

How to Add and Run VBA Scripts in Excel

1. Open the VBA Editor: Press Alt + F11 in Excel.
2. Insert a New Module: Right-click on any item in the Project window, select Insert > Module.
3. Paste the Script: Copy and paste your chosen script(s).
4. Run the Script: Press F5 or run it from the Macros menu (Alt + F8).

Remember to save your work and enable macros for automation to function.

Best Practices for VBA Automation

• Test on a Copy: Always work with a copy of your data to prevent accidental loss.
• Document Your Scripts: Comment your code for future reference and collaboration.
• Backup Regularly: Automation is powerful but mistakes happen—keep backups.
• Stay Secure: Only enable macros from trusted sources.

Beyond the Basics

As you get comfortable with VBA, consider combining scripts, adding user forms for more interaction, or connecting to external data sources. VBA is a gateway to powerful, custom automation tailored to your workflow.

By reducing manual effort, you’ll have more time (and energy) to focus on meaningful financial analysis and decision-making. Happy automating!