Accounts Payable | Financial Management
Bank Reconciliation
Statements pull daily where a direct feed is available, and by scheduled upload otherwise. Payments and receipts auto-match against bank lines on amount, reference and date. Bank charges and forex differences auto-categorised. The pending items dashboard surfaces the gap.
What it does
Inside Bank Reconciliation.
Connect a bank feed for one bank, free. Tomorrow morning, the auto-match screen shows what cleared, what is pending and what needs your call.
01
Daily statement pull
02
Match engine
03
Charge categorisation
04
Cheque clearing tracker
05
Multi-bank, multi-entity
Where it sits
Part of Accounts Payable.
Invoice Capture Invoices read, coded and validated on arrival, from any channel. Three-Way Matching Invoice, order and receipt reconciled automatically, with tolerances you set. Approval Workflows Authority limits and delegation enforced on the invoice itself. Payment Runs Proposals built from due dates, discounts and available cash. Vendor Reconciliation Vendor statements matched to your ledger, with the gap explained. Duplicate and Fraud Controls Checks that run inside the flow, not as a quarterly review. Goods Received Not Invoiced The liability between the loading bay and the post room, accrued and visible. Prepayments Money paid before the invoice, tracked until it is fully drawn down. Retention A percentage held back per contract, released when the defect period runs out. Vendor Rebates Volume rebates earned as you buy, claimed and tracked until the credit lands. Self-Billing Invoices you raise on the vendor behalf, from what was actually received. Vendor Credits and Debit Notes Credits owed back and claims raised, both applied against what you owe. Recurring Bills Rent, power and retainers raised on schedule rather than remembered. Payment Scheduling Schedule batches by due date. MSME 43B(h) rule enforced. Take early-pay discounts. Bank rails for direct payment. Dynamic Discounting Sliding-scale early-pay discounts by days-to-pay. Vendor opt-in. Cash cost calculated per offer. Expense Claim to AP Bridge Approved employee expense claims post as bills with the right vendor, GL and TDS classification. 1099 Reportable Coding Reportable spend coded when the bill is captured, split from goods and card payments, so the 1099 population is correct all year rather than rebuilt in January. ACH Payment Files Approved payment runs exported as a NACHA file your bank accepts, with vendor bank details verified and the batch reconciled back on settlement. Payment Handoff Approved bills leave as an ACH file for your bank or a push to your ERP, and close out as paid from the bank feed. Payment Reconciliation Bills closed out from the bank statement rather than by hand, with partial clearings, returns and bank charges handled as they land. Positive Pay A file of the payments you authorised, sent to your bank so anything you did not authorise is presented back to you rather than paid. Remittance Advice Remittance sent to the vendor against the approved record, showing which invoices a payment covers, so nobody spends a week reconciling a lump sum. Use Tax Accrual Bills where no vendor charged tax screened against the taxability of that item in your state, so the accrual builds through the period rather than at year end.
Run Bank Reconciliation against your books.
A working session on your structure and a month of your documents.