# Bank reconciliation software for small and medium businesses in India | f-ai

> Bank reconciliation software for small and medium businesses in India: upload the statement, confirm suggested matches, close the month with a clear trail. 14-day trial.

Source: https://f-ai.in/features/banking

Bank reconciliation

# Bank reconciliation that matches the statement for you

Upload the statement your bank gives you - PDF, Excel, CSV or MT940. f-ai reads every line, suggests the invoice, bill or payment it belongs to, and you confirm. Anything that doesn't match stays in view until it's dealt with.

[Start your free 14-day trial](https://f-ai.in/register)

[Book a demo](https://f-ai.in/demo-request)

No card · your own company

- Essential includes it
- Growth includes it
- Scale includes it

## How it works

Three steps, each on its own screen in f-ai.

1. 01 **Upload the statement** - Any bank, any of 16 file types. f-ai reads the lines - dates, amounts, references - and checks the closing balance.
2. 02 **Confirm the matches** - Each line comes with the invoice, bill or payment it most likely belongs to, best first. Repeat lines follow your rules.
3. 03 **Close the month** - The bank reconciliation statement shows what's left and who matched what - ready for your CA.

## What it does

- **Suggested matches** - Ranked by amount, date and reference, with part payments taken into account.
- **Rules for lines that repeat** - Rent, salaries and bank fees post the same way every month once you set the rule.
- **Small differences** - A bank charge of a few rupees within your limit clears with its own entry.
- **Bank reconciliation statement** - The book balance, the bank balance and every item between them, for any date.
- **Reconciliation health** - Which accounts are behind and by how many days, at a glance.
- **Cash and cheques too** - The cash book, cash counts and cheques in hand sit beside the bank.

## Questions

**Is there free bank reconciliation software?**

f-ai has no free plan. Bank reconciliation is in every plan, and you can try it on your own company free for 14 days, without a card.

**Which banks does it work with?**

Any bank. You upload the statement it gives you; f-ai doesn't connect to your bank account.

**Does it read UPI and NEFT lines?**

Yes - UPI, NEFT, IMPS, cheque and card lines are read like any other, and their references help the match.

**Can your CA see the reconciliation?**

Yes. Invite your CA; they see the matches, the statement and who confirmed each line.

## Goes with

- [AI reading of bills](https://f-ai.in/features/ai-accounting)
- [Reports](https://f-ai.in/features/financial-reporting)
- [Sales and point of sale](https://f-ai.in/features/sales-pos)

## See it on your own books

14 days free on your own company, no card. Or open a demo company first.

[Start your free 14-day trial](https://f-ai.in/register)

[Book a demo](https://f-ai.in/demo-request)