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Bank Reconciliation

Reconciliation is the process of comparing your bank statements against the transactions in Cashflowy to make sure nothing is missing or duplicated. It’s a core bookkeeping practice that ensures your records are accurate.

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How it works

1

Go to Reconciliation

Navigate to the Reconciliation page (under Banking).
2

Select an account and period

Choose the bank account and statement period (year/month) you want to reconcile.
3

Review transactions

Compare the statement items against the transactions in Cashflowy. Mark each transaction as reconciled when it matches the statement.
4

Use AI Reconciliation (optional)

Click the AI Reconcile button to have Cashflowy automatically match statement items to transactions. The AI provides a confidence score for each match.
5

Resolve discrepancies

If anything doesn’t match — a missing transaction, a wrong amount — investigate and fix it before marking the statement as fully reconciled.

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Reconciliation status

StatusMeaning
PendingStatement hasn’t been reconciled yet
ReconciledAll items matched and verified
DiscrepancySome items don’t match — needs attention

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Pulling fresh statements

If you need the latest statement from your bank, use the Pull Statement button to manually refresh from Plaid.
Best practice: Reconcile monthly. It’s much easier to catch and fix errors when you’re looking at 30 days of transactions rather than a whole year.