Automated bank reconciliation

Purpose

1.1. Automate import, categorization, and matching of bank transactions with accounting records to eliminate manual reconciliation.
1.2. Reduce human error, ensure accuracy in financial reporting, and accelerate end-of-period account closings.
1.3. Enable instant detection of discrepancies (e.g., failed payments, double charges), prompt flagging for finance review.
1.4. Sync with POS sales, vendor payments, payroll, and refunds specific to Andalusian cuisine operations.

Trigger Conditions

2.1. New bank transactions detected via secure API or file upload.
2.2. Receipt of scheduled transaction summary from bank accounts.
2.3. Completion of daily POS revenue settlement.
2.4. Manual or timed batch reconciliation process start.

Platform Variants

3.1. Xero
• API: Bank Transactions endpoint — configure to fetch new transactions on schedule.
3.2. QuickBooks Online
• API: bankAccounts.listTransactions — schedule polling for new entries.
3.3. Sage Intacct
• Function: Cash Management module importBankTransactions — set up daily run.
3.4. NetSuite
• SuiteTalk API: getBankTransactions — automate sync after POS settlements.
3.5. Oracle Fusion Cloud
• API: GET /bankStatements — periodic import and reconciliation initiation.
3.6. SAP S/4HANA
• API: Read Bank Statement — configure for automatic import and match.
3.7. FreshBooks
• Bank Reconciliation API — schedule daily pulls and posting for match.
3.8. Zoho Books
• API: GET /bankstatements — automate fetch and category tagging.
3.9. Wave Accounting
• API: Transaction Import — schedule to process overnight.
3.10. MYOB
• API: /banktransactions — configure to scan for updates every day.
3.11. Odoo ERP
• Model: account.bank.statement.line — periodic import and auto-reconcile.
3.12. Stripe
• API: Balance Transactions — configure sync to match with ledger.
3.13. Plaid
• API: /transactions/get — automate daily pulls and triggers.
3.14. Yodlee
• API: getTransactions — fetch latest for reconciliation batch.
3.15. Revolut Business
• API: /transactions — schedule reconciliation against cashbook.
3.16. Monzo Business
• API: Fetch Transactions — automate pull at close-of-day.
3.17. Barclays API
• Endpoint: /transactions — pull new items for auto-matching.
3.18. JP Morgan Chase API
• Endpoint: /account/transactions — automate fetch/match process.
3.19. PayPal
• Transaction Search API — schedule reconciliation run and match to accounting.
3.20. Square
• API: ListPayments — automate revenue vs. bank flow matching.

Benefits

4.1. Eliminates manual transaction entry, reducing labor requirements by 90%.
4.2. Immediate discrepancy identification, safeguarding against fraud and errors.
4.3. Timely, real-time financial visibility for Andalusian restaurant operations.
4.4. Ensures compliance and readiness for audit with clean, automated records.
4.5. Custom mapping supports local suppliers and unique payment flows of Andalusian cuisine businesses.