Reconciling bank transactions with Codat
An overview of the bank transactions reconciliation use case supported by Codat
Support your customers by pushing their bank transaction data into their accounting platforms' bank transaction ledgers to ensure these records match each other.
How Codat can help
We can support traditional banks and neobanks in their activity by leveraging our Bank Feeds API product. We have done the heavy lifting for you by building integrations with a standardized data model to the accounting platforms your customers already use. This gives you access to real-time data that you can pull, create, or update to support your use case.
Bank reconciliation is the process of ensuring that the information in a business’s accounting records matches the information in their bank account. Traditionally, this would be done by comparing a bank statement to the ledger entries, but our Bank Feeds API makes it possible to upload bank transactions to the accounting platform.
This saves your customers time by removing manual entry and importing bank transactions, removes the potential for errors, and facilitates matching by providing additional details, like a merchant's name.
Bank Feeds API
Use case tutorials
Looking for code to launch your usecase asap? Check out our guides:
In this tutorial, see how you can support your users by syncing their bank transaction data to QuickBooks Online, ensuring the records match each other.
Review the full range of use cases Codat can support you with and find one that suits you best.