Ledger2,418,330.75
Add (3)18,240.00
Less (2)−6,120.50
Bank2,430,450.25
Reconciliation softwareYour books.
Reconciliation statement Reconciliation status Reference · Amount · Age
Your books.
In agreement with reality.
iRecon reconciles every account you hold against every source it answers to, hands the small differences back to your own system, and leaves your team only what needs a person.
0%
Reconciled
Unexplained difference 0.00Ties
CHQ 0041822 days
12,450.00NEFT N2610-88213Today
3,180.00TRF 22-09-UTIL4 days
48,000.00The problemYou already have a
You already have a
It runs on people.
01
Statements by hand
Someone downloads statements from four portals every morning.
02
The same spreadsheet
Someone rebuilds the same matching sheet, month after month.
03
Suspense nobody owns
Suspense carries balances nobody can explain.
04
Evidence in an inbox
The auditor asks for support, and the support is in someone's email.
Everything reconciles itself.
Except seven.
One morning's run on one operating account. Your rules clear what they can. The rest arrives in one queue, each item with its reason.
4,218
transactions arrive from the bank, the ledger and the card switch.
4,211
clear against your rules and tolerances, with nobody touching them.
7
need a person. That is where your team's morning goes.
Sample data for illustration. Your figures depend on your accounts and rules.
AUTO-RECONCILED0.0%4,211 of 4,218 transactions7 need a person
Every account
Reconcile the whole transaction.
An FX deal has four sides: two in your local currency and two in the foreign one. iRecon reconciles both pairs and the link between them, and works out the exchange difference for you.
One-, two- and four-leg reconciliation, down to the sub-ledger.
How the legs work→USD purchase · four-leg reconciliationSample data
Local currency · INR
Your ledger8,412,500.00 Dr
Bank statement8,412,500.00 Cr
Cross-link
Foreign currency · USD
Your ledger100,000.00 Cr
Nostro statement100,000.00 Dr
Both pairs balance. Exchange difference 1,240.00 INR handed over to your exchange-difference account.Reconciled
Close without waiting
Small differences don't hold up the close.
You decide what counts as close enough. Inside that, iRecon clears the match and hands the difference to your core system as a ghost entry. When the real entry arrives, the ghost is knocked off. Nothing is hidden and nothing waits.
Tolerances on amount or percentage. Ghost entries with their own ageing.
See tolerances and ghost entries→Vendor payment · ghost entry trailSample data
Vendor payment · ghost entry trail
Day 1 Ledger expects50,000.00
Day 2 Bank shows49,995.00
Ghost entry5.00
Day 3 Bank charge entry5.00
Ghost openClosedDay 1 · Open1 / 3Ledger expects 50,000.00
Day 2 · Ghost open2 / 3Bank shows 49,995.00. Within tolerance, so matched. Ghost entry for the difference handed over.
Day 3 · Closed3 / 3Bank charge entry arrives and knocks off the ghost
Real time
Catch it before the window closes.
IMPS, RTGS and ACH failures have to be dealt with inside a set time. iRecon reconciles them as they move and alerts the account's owner while there is still time to act.
Live reconciliation with a configurable SLA. Your bank decides what happens next.
See real-time reconciliation→IMPS outward · liveSample data
CoreSwitch✓✓✕IMPS 2610 4471Core and switch agree · 0.4 s
MatchedIMPS 2610 4472Core and switch agree · 0.6 s
MatchedIMPS 2610 4473Debited in core,
failed at the switch
04:12 left
MatchedIMPS 2610 4472Core and switch agree · 0.6 s
MatchedIMPS 2610 4473Debited in core,
failed at the switch
04:12 left
Alert sent to the reconciliation owner with 04:12 left in the window.
Beyond the moneyThe laptop is on the ledger.
The laptop is on the ledger.
Is it on the desk?
iRecon reconciles what your books say against what physically exists. Your fixed-asset ledger is matched to your asset register, so an asset that is only on paper shows up as a break.
Financial against non-financial reconciliation.
Fixed-asset ledger against asset register · Bengaluru officeSample data
Ledger
FA-2288Laptop · 142,000.00
FA-2290Monitor · 31,500.00
FA-2291Laptop · 189,900.00
Asset register
FA-2288Verified · Desk 4B
FA-2290Verified · Desk 4C
FA-2291Not found at location
Audit
When the auditor asks, it's already done.
Every run produces a reconciliation statement for every account: both closing balances, every open item on each side, and how they tie. Who reviewed it, and when, is on the record.
Reconciliation statements, ageing and a complete trail.
Reconciliation statement · 30 Sep 2026Sample data
Balance per ledger2,418,330.75
Add: received by bank, not yet in ledger (3)18,240.00
Less: in ledger, not yet with bank (2)−6,120.50
Balance per bank statement2,430,450.25
Unexplained difference0.00
Reviewed by Head of Accounts · 01 Oct 2026, 10:42Ties
Your number
What is reconciliation costing you?
Four numbers from your current process. The estimate shows hours and days to close, before and after.
Reconciliation effort estimateSample data
Assumptions used
Hours per close300 h110 h
Days to close8 d3 d
About 190 hours a month back to your team, with 2,000 items left for people to work.
An illustrative estimate, not a quote. Today's hours are people × days × hours per day. With iRecon, hours are the items that need a person × minutes per item, plus sign-off per account. Every assumption can be changed above, and we'll check them with you on your own data.
Trust
Built to pass the security questionnaire.
It never writes to your books
iRecon hands entries to your own system by API or file. Your core or ERP stays the system of record.
Access per reconciliation
Each person gets a role on each reconciliation they work on, and nothing else.
Limits per person
The tolerance a person can apply by hand is set on their role and can be tightened for them alone.
A complete trail
Every match, adjustment and sign-off records who did it and when.
CorporatesBanks and credit unionsPayments and fintechInsuranceTelecom and utilitiesRetail and e-commerceShared service centres
Who it's for
Wherever money moves,
iRecon keeps it balanced.
Corporates
Bank statements, payment gateways, intercompany, fixed assets.
Banks and credit unions
Suspense, accruals, nostro, cards and switch, inter-branch, real-time rails.
Payments and fintech
Gateway settlements, wallets, payouts, real-time rails.
Telecom and utilities
Collection channels, agent float, billing against the bank.
Retail and e-commerce
Store cash, gateway settlements, marketplace payouts.
Bring one account.
We'll reconcile it with you.
A working session on one of your own accounts, with your own file, in place of a slide deck.