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About
A reconciliation should begin with comparing the General Ledger closing balance to the sub-ledger or other relevant sources (such as bank statements or other third-party documents). Differences between the two need to be investigated, quantified, and where possible, resolved by posting correcting journals to the general ledger or sub-ledger as required. Anomalies should be recorded as reconciling items to provide visibility. The balances should match and be fully supported with all documentation attached to the reconciliation. The review process ensures the reconciliation is complete, and you can also add a layer to approve the reconciliation being complete. A framework and a standardised process go a long way to improve the reconciliation process each month-end.
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About
ReconXi is an AI-powered financial reconciliation tool designed to automate the process of matching transactions, eliminating the need for manual effort and reducing errors. Users can upload bank statements and company ledgers in CSV format, and the AI swiftly matches records, providing clear status indicators for matched and unmatched transactions. It caters to a diverse range of users, including startups, small and medium-sized enterprises (SMEs), financial professionals, enterprises, educational institutions, and freelancers, offering tailored solutions to streamline financial operations. By leveraging ReconXi, organizations can ensure accurate financial records, minimize manual work, and focus on core activities without the hassle of traditional reconciliation processes.
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Platforms Supported
Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook
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Platforms Supported
Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook
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Audience
Audit solution for companies
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Audience
Financial professionals and organizations in need of a solution to automate and enhance the accuracy of their financial reconciliation processes
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Support
Phone Support
24/7 Live Support
Online
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Support
Phone Support
24/7 Live Support
Online
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API
Offers API
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API
Offers API
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Screenshots and Videos |
Screenshots and Videos |
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Pricing
No information available.
Free Version
Free Trial
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Pricing
$10 per month
Free Version
Free Trial
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Reviews/
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Reviews/
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Training
Documentation
Webinars
Live Online
In Person
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Training
Documentation
Webinars
Live Online
In Person
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Company InformationRecWise
Founded: 2017
Australia
www.recwise.com
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Company InformationReconXi
United States
www.reconxi.com
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Categories |
Categories |
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Audit Features
Alerts / Notifications
Audit Planning
Compliance Management
Dashboard
Exceptions Management
Forms Management
Issue Management
Mobile Access
Multi-Year Planning
Risk Assessment
Workflow Management
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Integrations
Google Sheets
Microsoft Excel
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