Automated bank reconciliation: match bank transactions with invoices and receipts — without manual searching and matching.
Monthly bank reconciliation is one of the most tedious yet important tasks in accounting. Every bank transaction must be matched to an invoice, receipt, or booking. With hundreds of transactions per month, that means hours of monotonous matching work.
It gets especially complicated with partial payments, batch transfers, or varying payment references. Staff spend significant time identifying payments that can't be matched to any open invoice — often because the reference is missing or incorrect.
Unreconciled accounts lead to inaccurate financial reports, complicate year-end closing, and can cause problems during audits. Yet many businesses postpone reconciliation because it's so time-intensive.
Our reconciliation workflow imports bank transactions daily and automatically matches them against open invoices and receipts. The matching algorithm considers amount, payment reference, IBAN, and historical patterns — achieving an automatic matching rate of over 90%.
Partial payments are recognized and correctly applied to the open invoice. Batch transfers are split and assigned to individual invoices. Transactions without a clear match land in a short review list for manual checking.
The result: at month-end, 95% of accounts are already reconciled. The remaining 5% of exceptions can be handled in minutes instead of hours.
All German banks with FinTS/HBCI access and international banks via CSV/MT940 import. Direct API connections for major German banks.
Partial payments are automatically recognized and assigned to the open invoice. The remaining amount stays as an open receivable and continues to be monitored.
Yes, any number of bank accounts can be reconciled in parallel. Intercompany transactions between your own accounts are automatically recognized.
We analyze your process and show you the concrete savings potential — no strings attached.
Or reach out directly: info@automate-it.dev