Accounting

Bank Reconciliation

Automated Bank Reconciliation API for Accounting Software

Bank reconciliation is tedious and time-consuming. Fiskil provides direct bank transaction feeds that automatically match to accounting records, turning hours of manual work into minutes of automated processing.

Manual Reconciliation Wastes Accounting Time

Accountants spend hours each month manually matching bank statements to accounting records.

  • Manual data entry from bank statements is time-consuming

  • Human error in matching transactions to records

  • Delayed reconciliation creates financial reporting delays

  • Difficult to reconcile high transaction volumes

  • Bank statement PDFs are difficult to process

Automatic Transaction Matching and Reconciliation

Connect directly to bank accounts for real-time transaction feeds that automatically match to accounting records.

Real-Time Transaction Sync

Automatically import bank transactions in real-time for up-to-date reconciliation.

Intelligent Matching

AI-powered matching between bank transactions and accounting entries.

Exception Handling

Flag unmatched transactions for manual review with suggested matches.

Multi-Account Support

Reconcile multiple bank accounts across different financial institutions.

How to Implement Bank Reconciliation

Add automated reconciliation to your accounting software.

1

Connect Bank Accounts

Business connects bank accounts through CDR consent for transaction access.

2

Import Transactions

API automatically imports transactions with merchant details, amounts, and dates.

3

Match to Records

Intelligent matching algorithm pairs transactions with accounting entries automatically.

4

Review Exceptions

Accountant reviews unmatched items with AI-suggested matches for quick resolution.

Key Features

Automatic Transaction Import

Daily automatic import eliminates manual bank statement download and data entry.

Smart Matching Rules

Customizable rules for automatic matching based on amount, date, description patterns.

Duplicate Detection

Prevent duplicate entries when transactions are manually entered before import.

Historical Import

Import up to 7 years of historical transactions for catch-up reconciliation.

Multi-Currency Support

Handle foreign currency transactions with automatic conversion tracking.

Audit Trail

Complete audit trail of all reconciliation actions and changes.

Real-World Examples

Cloud Accounting Platform

An accounting software adds automated bank feeds to streamline reconciliation.

Result: Customers reduce reconciliation time by 90%, from 4 hours to 20 minutes monthly.

Bookkeeping Service

A bookkeeping firm uses automated reconciliation for 200+ small business clients.

Result: Firm capacity increased 3x by automating reconciliation, serving more clients with same staff.

CFO Dashboard

A financial dashboard for SMBs includes real-time reconciliation status.

Result: CFOs get accurate cash position in real-time instead of waiting for month-end reconciliation.

Technical Specifications

API Endpoints

  • GET /accounts/{accountId}/transactions
  • POST /reconciliation/match
  • GET /reconciliation/unmatched
  • POST /reconciliation/rules

Data Types

  • Bank transactions

  • Transaction dates

  • Merchant descriptions

  • Amounts

  • Account balances

  • Matching confidence scores

Authentication

OAuth 2.0 / CDR consent

Real-Time Data

Yes

Frequently Asked Questions

Matching algorithms achieve 85-95% automatic match rate, with remaining transactions flagged for quick manual review.

Yes, you can define custom matching rules based on amount thresholds, date ranges, and description patterns.

Unmatched transactions are flagged with AI-suggested matches for accountant review and approval.

Yes, the API supports both personal and business banking accounts.

Under CDR, up to 7 years of historical transactions can be imported for catch-up reconciliation.

Yes, the API efficiently processes thousands of transactions per account.

Yes, the system maintains complete audit trails meeting Australian accounting standards.

Ready to Get Started?

Join hundreds of companies using Fiskil to power their accounting applications. Get started today with our developer-friendly API.

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Automated Bank Reconciliation API for Accounting Softwa...