Reconcile bank statements with invoices automatically.
Upload your bank statements and let AI automatically match transactions with invoices. Find missing receipts, detect discrepancies, and generate audit-ready reconciliation reports in minutes.
Why Choose Tailride for Reconciliation?
The most advanced reconciliation engine for modern businesses
Automatic Matching
AI automatically matches bank transactions with invoices using multiple data points
Missing Invoice Detection
Identify transactions without corresponding invoices and find overlooked expenses
Multi-Currency Support
Handle transactions in different currencies with real-time conversion rates
Discrepancy Alerts
Automatically flag amount differences, duplicate payments, and suspicious transactions
Real-time Processing
Reconcile thousands of transactions in minutes, not hours or days
Audit-Ready Reports
Generate detailed reconciliation reports for accountants and auditors
How Reconciliation Works
Six simple steps to complete reconciliation
Upload Bank Data
Upload bank statements in PDF, CSV, or any supported format
Import Invoices
System automatically loads all your processed invoices for matching
AI Matching
Advanced AI analyzes dates, amounts, and vendor info to create matches
Review Suggestions
Review AI suggestions and approve or modify matches as needed
Identify Gaps
System highlights transactions without invoices and potential issues
Generate Report
Create comprehensive reconciliation reports for accounting review
Supported Bank Statement Formats
Import data from any bank or financial institution
PDF Bank Statements
Extract transaction data from any bank's PDF statements
CSV/Excel Files
Import transaction data from spreadsheet formats
OFX/QFX Files
QuickBooks and Quicken export formats
MT940/MT942
SWIFT banking message formats
BAI2 Format
Bank Administration Institute standard format
Custom Formats
Configure custom parsers for any bank format
Specialized Reconciliation Tools
Purpose-built tools for every reconciliation scenario
Save 20+ Hours Per Month on Reconciliation
What used to take days now takes minutes
Eliminate Manual Reconciliation Forever
Join thousands of businesses who have automated their reconciliation process
Frequently Asked Questions
Everything you need to know about AI reconciliation
How does AI reconciliation work?
Our AI analyzes multiple data points including transaction amounts, dates, vendor names, and reference numbers to automatically match bank transactions with invoices. It handles currency conversions, date ranges, and even partial matches to achieve high accuracy rates.
Which bank statement formats are supported?
We support all major formats including PDF statements from any bank, CSV/Excel files, OFX/QFX, MT940/MT942 SWIFT formats, and BAI2. Our system can also be configured to handle custom formats from any financial institution.
Can it handle multiple currencies?
Yes! The system automatically handles multi-currency transactions using real-time exchange rates. It can match invoices in one currency with bank transactions in another, accounting for exchange rate differences within configurable tolerance ranges.
What happens with transactions that don't match?
Unmatched transactions are flagged for review. The system provides suggestions for potential missing invoices, highlights transactions that might need documentation, and helps identify expense categories for proper accounting treatment.
How accurate is the automatic matching?
Our AI achieves 95%+ accuracy for automatic matches. The system provides confidence scores for each match, allowing you to focus review time on lower-confidence suggestions while trusting high-confidence automatic matches.
Can I set custom matching rules?
Absolutely! You can configure custom rules for vendor name variations, tolerance ranges for amount differences, date matching windows, and specific categorization rules. The AI learns from your corrections to improve future matching.
How long does reconciliation take?
Most reconciliations complete within 2-5 minutes, regardless of file size. The system processes thousands of transactions in parallel, so large statement files don't significantly impact processing time.
What reports can be generated?
The system generates detailed reconciliation reports including matched transactions, unmatched items, discrepancies, missing invoices, and summary statistics. Reports can be exported in PDF, Excel, or CSV formats for accounting review.