Automate Bank Reconciliation
AI matches bank transactions to your books automatically. Your accountant reviews exceptions only, cutting reconciliation time by 80%.
Time savings
| Task | Manual | Automated |
|---|---|---|
| Downloading and importing bank statements | 20 min/account | 2 min/account |
| Transaction matching | 3-5 min/transaction | 5 sec/transaction |
| Discrepancy investigation | 15 min/item | 2 min/item |
| Reconciliation report generation | 1 hour/account | 5 min/account |
Process breakdown
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Import bank data
AutomatedPull bank statement data from bank feeds or uploaded statements for each account.
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Match transactions
AutomatedAI matches bank transactions to accounting entries by amount, date, reference, and description.
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Flag discrepancies
AutomatedUnmatched transactions, amount differences, and timing mismatches are flagged for review.
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Investigate exceptions
HumanAccountant reviews flagged items, resolves discrepancies, and posts adjustments.
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Generate reconciliation report
AutomatedProduce a formal reconciliation report showing matched, unmatched, and adjusted items.
Bank Statement Import
Pull data from bank feeds (ADCB, Emirates NBD, FAB) or upload PDF/CSV statements.
Smart Matching
Match transactions by amount, date, reference number, and description. Handles partial matches and groupings.
Discrepancy Detection
Flag unmatched transactions, amount differences, duplicate entries, and timing mismatches.
Reconciliation Reports
Generate formal reconciliation reports with matched, unmatched, and adjusted items per account.
Multi-Currency Support
Reconcile AED, USD, and other currency accounts with exchange rate handling.
Scheduled Reconciliation
Run daily or weekly auto-reconciliation and receive exception reports only when action is needed.
FAQ
Which UAE banks are supported?
Bank feed integration with ADCB, Emirates NBD, FAB, Mashreq, and RAK Bank. PDF and CSV statement upload works for any bank.
How accurate is the automatic matching?
Typically 85-95% of transactions are auto-matched. The remainder are flagged for accountant review with suggested matches.
Can it reconcile multiple bank accounts?
Yes. Reconcile all your accounts across multiple banks in a single run. Reports are generated per account and consolidated.
Does it integrate with our accounting software?
Yes. Direct integration with Xero, QuickBooks, and Zoho Books. We match bank data against your ledger entries.
Reconcile your accounts in minutes
Set up automated bank reconciliation for your business.