What is bank reconciliation software and why do I need it?

Bank reconciliation software automates the process of matching bank statement transactions with your accounting records. ReconcileIQ processes 5,000+ transactions per second, instantly identifying discrepancies with exceptional accuracy. You need it to save 50+ hours monthly, eliminate manual errors, and maintain HMRC compliance.

Which UK banks does ReconcileIQ's PDF converter support?

ReconcileIQ's PDF to CSV converter supports 17+ major UK banks including Lloyds, HSBC, NatWest, Mettle, Monzo, Metro Bank, RBS, Wise, Starling, Tide, Barclays, Santander, Halifax, Bank of Scotland, TSB, Co-operative Bank, and Virgin Money. We add new banks monthly based on user requests.

How does automated bank reconciliation work with ReconcileIQ?

ReconcileIQ uses three methods: 1) Upload PDF bank statements which are automatically converted to reconciliation-ready format, 2) Connect via API to QuickBooks, Xero, Sage, or Pandle for real-time syncing, or 3) Upload CSV/Excel files. Our AI engine processes transactions at 5,000+ per second, matching even complex scenarios like batch payments and date variations.

Why is ReconcileIQ free until January 2026?

ReconcileIQ offers professional bank reconciliation features including PDF conversion, automated matching, and direct API integrations. No credit card required to get started.

How secure is my financial data with ReconcileIQ?

ReconcileIQ uses bank-level AES-256 encryption for all data. Files are processed in isolated environments and automatically deleted within minutes - we never store transaction data permanently. We're GDPR compliant, UK-based, ICO registered, and working towards SOC 2 Type II certification. Your data is safer with us than on your own computer.

What's the ROI of using ReconcileIQ?

Average users save 50+ hours monthly. At £50/hour, that's £2,500+ monthly value. Our users report: 40% more client capacity, 95% reduction in reconciliation errors, 3-day month-ends reduced to 30 minutes, and ability to take on higher-value advisory work. The software pays for itself in the first hour of use.

ReconcileIQ - Bank Reconciliation Software for UK Professionals

What ReconcileIQ does

Professional bank reconciliation software with automated transaction matching and direct integrations

PDF Bank Statement Converter

Converts PDF statements from 17+ UK banks (Lloyds, HSBC, NatWest, Monzo, Starling, etc.) into reconciliation-ready CSV format.

Automated Matching

Processes thousands of transactions per second using pattern recognition to match bank transactions with accounting records.

Direct Integration

One-click push corrections directly to QuickBooks, Xero, Sage, or Pandle. No manual data entry required.

Works with your existing tools

Connect with the accounting software and banks you already use

Accounting Software

QuickBooks

Xero

Sage

Pandle

Supported UK Banks (PDF Converter)

Lloyds Bank

HSBC

NatWest

Barclays

Santander

RBS

Monzo

Starling Bank

Tide

Metro Bank

Halifax

TSB

Wise

Co-operative Bank

Virgin Money

+ More banks

Don't see your bank? Contact us and we'll add it within 48 hours.

Try it now

How ReconcileIQ works

Three ways to reconcile: Upload PDFs, connect via API, or use traditional CSV/Excel files

1

Choose Your Input Method

Option A: Upload PDF bank statements - auto-converts 17+ UK banks
Option B: Connect via API for real-time sync with QuickBooks/Xero/Sage
Option C: Upload CSV/Excel files traditionally

2

Processing and Analysis

The system automatically detects columns, converts PDFs, maps fields, and prepares your data. For API connections, everything syncs in real-time with minimal manual configuration.

3

Automated Reconciliation

Run the reconciliation process to match transactions automatically. The system handles complex matches, batch payments, and date variations using pattern recognition algorithms.

4

Review and Export

Review the results: matched transactions, missing entries, and discrepancies. For API connections, push corrections back to your accounting software. Export reports in PDF or CSV format.

Professional Features

Advanced features designed for professional reconciliation workflows

Smart Transaction Matching

Our AI engine intelligently matches transactions even with:

Different dates (handles processing delays)
Varied descriptions (fuzzy matching technology)
Batch payments (splits automatically)
One-to-many & many-to-one matches

ReconcileIQ Smart Transaction Matching Dashboard

Universal Bank & Software Support

Works with EVERY UK bank and ALL accounting software:

PDF Support:

• Lloyds, HSBC, NatWest
• Barclays, Santander
• Monzo, Starling, Tide
• Metro, Wise, Halifax
• + 10 more banks

Direct API:

• QuickBooks
• Xero
• Sage
• Pandle
• FreeAgent

No more manual data entry. Ever.

Comprehensive Reporting Suite

Generate professional reports that impress clients and satisfy regulators:

Detailed reconciliation reports with full audit trail
Variance analysis and trend reporting
Export to PDF, CSV, or Excel formats
HMRC-compliant documentation

Bank-Grade Security & Compliance

Your data is safer with us than on your own computer:

AES-256 encryption (same as major banks)
ISO 27001 compliant infrastructure
GDPR compliant & ICO registered
Auto-deletion within minutes

SOC 2 Type II certification in progress

Pattern Recognition & Anomaly Detection

Our AI learns from millions of transactions to:

Identify unusual transactions instantly
Flag potential fraud or errors
Suggest categorization improvements
Predict cash flow issues before they happen

BONUS FEATURE

Plus: Unlock Financial Intelligence with LedgerIQ

Your free access includes LedgerIQ, our one-click financial analytics engine that transforms any General Ledger into strategic business intelligence

Complete Financial Analysis in One Click

LedgerIQ delivers comprehensive financial intelligence instantly:

Profit & Loss Statements

Balance Sheets

Cash Flow Analysis

20+ Financial Ratios

Revenue Forecasting

Anomaly Detection

Learn More About LedgerIQ

Built for finance professionals

Whether you're an accountant, bookkeeper, or business owner, ReconcileIQ scales with your needs

Accountants & Bookkeepers

Handle more clients efficiently with automated reconciliation. The PDF converter and API integrations eliminate manual data entry for multiple client accounts.

Multi-client workflow support
Professional reporting
HMRC compliant audit trails

Accounting Practices

Scale your practice with standardized reconciliation workflows. Reduce errors and free up time for advisory services across your client base.

Team collaboration features
Standardized processes
Client portal access

Business Owners

Keep accurate financial records without the complexity. Upload PDFs or connect directly to your accounting software for automated reconciliation.

Simple, intuitive interface
Real-time financial visibility
Anomaly detection alerts

Frequently Asked Questions

Everything you need to know about ReconcileIQ

Which UK banks does the PDF converter support?

Our PDF to CSV converter currently supports 17+ major UK banks including:

• Major banks: Lloyds, HSBC, NatWest, Barclays, Santander, RBS
• Digital banks: Monzo, Starling, Tide, Mettle, Metro Bank
• Building societies: Halifax, Bank of Scotland, TSB
• Others: Wise, Co-operative Bank, Virgin Money

We're adding more banks monthly based on user requests. If your bank isn't listed, contact us and we'll add it within 48 hours.

How do the API integrations work?

Connect your QuickBooks, Xero, Sage, or Pandle account with one click using OAuth2 secure authentication. ReconcileIQ then:

1. Pulls transaction data directly in real-time
2. Performs instant reconciliation (5,000+ TPS)
3. Identifies matches, missing entries, and extras
4. Pushes corrections back to your software automatically

No more exporting and importing CSV files - everything happens seamlessly. Your API credentials are encrypted and never stored.

Why is ReconcileIQ free until 2026?

We're offering full access free until January 31, 2026 for three reasons:

• Market establishment: Build a strong user base and become the UK standard
• User feedback: Gather insights to perfect the platform
• Prove value: Let you experience the ROI risk-free

This isn't a limited trial - you get ALL professional features completely free. After Jan 2026, pricing starts at just £49/month (less than 1 hour of your time).

Do I need to enter a credit card to sign up?

No credit card required. Ever. Sign up takes 30 seconds with just your email. You get instant access to:

• All reconciliation features
• PDF converter for 17+ banks
• API integrations
• LedgerIQ analytics suite
• Unlimited transactions

It's genuinely free with no hidden charges, no trial limitations, and no sneaky auto-billing.

How fast is "5,000 transactions per second" really?

It's genuinely that fast. Here's what it means in practice:

• Monthly statement (300-500 transactions): 0.1 seconds
• Quarterly reconciliation (2,000 transactions): 0.4 seconds
• Annual reconciliation (10,000 transactions): 2 seconds
• Complex year-end (50,000+ transactions): 10 seconds

The speed is consistent whether using PDFs, API connections, or CSV uploads. No more coffee breaks waiting for reconciliation!

Is my financial data secure?

Your data is safer with us than on your own computer. Here's our security stack:

• Encryption: AES-256 (same as major banks)
• Infrastructure: ISO 27001 compliant AWS servers
• Compliance: GDPR compliant, ICO registered
• Data handling: Processed in isolated environments
• Retention: Auto-deleted within minutes
• Access: 2FA, OAuth2, role-based permissions

We're also working towards SOC 2 Type II certification. Your data is never sold, shared, or used for anything except your reconciliation.

What's the actual ROI of using ReconcileIQ?

Based on data from our users, here's the average ROI:

• Time saved: 50+ hours monthly (£2,500+ value at £50/hour)
• Error reduction: 95% fewer mistakes
• Client capacity: 40% more clients without hiring
• Month-end speed: 3 days → 30 minutes
• Payback period: First hour of use

One user saved £15,000 in the first month by catching duplicate vendor payments. The software literally pays for itself before you finish your first reconciliation.

Is there an API for developers?

Yes! We offer a RESTful API for developers who want to integrate ReconcileIQ's reconciliation engine into their own applications. Features include:

• Full reconciliation engine access
• PDF conversion endpoints
• Webhook notifications
• Batch processing support
• SDKs for Python, Node.js, and .NET

Contact us at [email protected] for documentation and access keys.

Have more questions?

Contact Support Book a Demo

Ready to Transform Your Reconciliation?

Professional bank reconciliation software with PDF converter and API integrations for accounting professionals.

17+ UK banks supported

Automated matching

Direct integrations

Get Started Book a Demo

No credit card required • Setup in 30 seconds • Cancel anytime • GDPR compliant