Automatic Bank Reconciliation Tool
Automate your bank reconciliation with intelligent multi-factor matching.
Overview
Manual bank reconciliation is tedious and error-prone. This tool automates the process—matching your bank statement transactions to your accounting records using intelligent multi-factor matching. It considers amounts, dates, references, and descriptions to find matches, then highlights what doesn't match so you can investigate quickly.
Key Benefits
- Multi-factor matching (amount, date, reference, description)
- Configurable tolerance for dates and amounts
- Automatic detection of bank fees and charges
- Identifies timing differences vs. real errors
- Processes thousands of transactions in seconds
How It Works
Upload your bank statement and accounting ledger
Map columns to standardized fields
Set matching tolerances (date range, amount variance)
Review matched pairs and investigate mismatches
Frequently Asked Questions
How accurate is the matching?
Our multi-factor algorithm achieves 95%+ accuracy on well-structured data. Manual review handles edge cases.
Can it handle different currencies?
Yes, currency is considered in matching. Cross-currency transactions are flagged for review.
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