Bank Reconciliation

Reconciliation is the most monotonous part of finance work: hundreds of statement lines against ledger entries, where half the gaps come down to payment timing and the other half need investigation. AI compares the full data set and returns not just a list of mismatches, but the reasons behind them.

What AI does

Matches statement lines to ledger entries even when payment descriptions are written inconsistently
Sorts discrepancies by cause: payment in transit, partial settlement, bank fees, wrong amount, duplicate
Finds payments booked twice and receipts missing from the ledger
Prepares reconciliation statements and letters explaining disputed items
Handles exports from several banks and accounts at once

What it looks like in practice

A real-world workload: reconciling customer accounts for August at a wholesale company turning over roughly 97m roubles a month.

Before — by hand

Bank statement — 412 transactions; ledger account — 407 lines
Payment descriptions written inconsistently: «payment for invoice 512», «inv.512 of 03.08», «for goods»
An accountant compares them line by line for 6 hours, losing focus by the end
Result: «out by 117,750», with the reasons still to be found
Reconciliation statements for counterparties take another day

After — with AI

397 transactions matched automatically, including payments described inconsistently
Only 15 discrepancies left to review — each with its cause:
6 — payment in transit: paid 29.08, booked 01.09
4 — partial settlement of an invoice
3 — bank fee deducted from the payment amount
1 — transaction booked twice
1 — transposed digits: 145,000 recorded instead of 154,000
The run took 11 minutes, with reconciliation statements produced straight away

Outcome

Minutes, not days	A monthly reconciliation across several accounts runs in minutes instead of a full working day.
Causes explained	Every mismatch comes with a reason, not just a «does not match» flag.
Any format	Bank client exports, 1C extracts, Excel files — we bring them to a comparable shape ourselves.