Imports MT940/CAMT.053 bank statements and matches each transaction to GL entries. Handles bank charges, returned payments, value-date differences, and split transactions. Produces a cleared reconciliation statement for every bank account, daily.
Matches incoming customer payments to open AR invoices and outgoing vendor payments to AP invoices. Handles partial payments, overpayments, early payment discounts (skonto), withholding tax deductions, and SWIFT/SEPA reference formats.
Automated matching of intercompany transactions across subsidiaries: intercompany invoices, loans, cost allocations, dividends. Identifies unmatched items, computes net positions per entity pair, and generates confirmation statements for sign-off.
Clears open items on balance sheet accounts: prepayments, deposits, accruals, suspense accounts. Matches debit-credit pairs, identifies long-outstanding items, generates monthly balance confirmation letters. Reduces month-end close time significantly.
Matches Stripe, Adyen, PayPal, Razorpay, CCAvenue, and other gateway settlement files to your orders and GL. Handles gateway fees, refunds, chargebacks, rolling reserves, FX conversion differences, and payout timing lags.
Handles multi-currency reconciliation with automatic FX rate application (ECB rates, bank rates, or custom rate feeds), realised and unrealised FX gain/loss calculation, and hedging position reconciliation. Posts FX adjustments to GL automatically.