What is auto-reconciliation and how will it benefit my business?

What is auto-reconciliation?

Auto-reconciliation is a feature that can speed up the accounting process by automatically matching your payment data with your general ledger in the accounting system. In short, it eliminates the need to manually enter payment data into your accounting books.

What are the benefits?

The benefits of auto-reconciliation are clear;

  • Eliminate manual accounting labor
  • Eliminate human accounting error
  • Eliminate double data entry
  • Reduce the time it takes to balance your books