Bank Reconciliation is the process of matching your company’s internal financial records with your bank statements to ensure all transactions are accurate and accounted for. It helps identify discrepancies, detect errors, and maintain the integrity of your financial data.
Key Features of Bank Reconciliation
- Automatic Bank Feed – Import bank statements directly or sync automatically with your bank account.
- Smart Matching – Automatically match transactions with payments, receipts, or journal entries.
- Manual Adjustment – Add missing or unmatched entries with ease.
- Multiple Bank Accounts – Manage and reconcile multiple accounts from one dashboard.
- Reconciliation Dashboard – Get a clear view of pending, matched, and unmatched transactions.
- Audit Trail – Maintain a detailed history of reconciled and unreconciled items.
- Multi-Currency Support – Reconcile accounts in different currencies with real-time conversion.
- Error Detection – Identify duplicate entries, missing payments, or incorrect amounts.
- Bank Statement Import (CSV/OFX) – Upload statements in multiple formats for convenience.
- Reporting & Analysis – Generate reconciliation and cash balance reports instantly.
✅ With Odex Bank Reconciliation, you can maintain precise cash flow visibility, prevent accounting errors, and ensure your books always align perfectly with your bank records.
