Bank Reconciliation

What it does

Bank reconciliation compares transactions from your connected bank feed against invoices, bills, and journal entries in Blankitt. The matcher proposes pairings; you accept the right ones, reject the wrong ones, or create a fresh ledger entry where nothing matches.

The matcher is outstanding-aware: if an invoice has been part-paid, the matcher knows the remaining outstanding amount, and matches a new bank receipt against that — not against the full original total.

How to use it

1. Go to Bank Feeds and open the Reconcile tab.
2. Review suggested matches — each includes a confidence score.
3. Click Accept on correct matches to reconcile them.
4. If no match exists, click Create Transaction for a new ledger entry.
5. Click Auto-Match to accept all high-confidence matches at once.

Tips

• Matching considers amount, date proximity, description keywords, invoice numbers, and outstanding balances.
• For partial payments, the matcher pairs against the outstanding balance. A £400 receipt against a £1,000 invoice with £600 outstanding will match the outstanding portion. See Record a partial payment.
• Reconcile weekly to catch discrepancies early. Unreconciled transactions are highlighted on the Dashboard.
• Set up bank rules to auto-categorise common transactions (e.g. always assign Tesco to "Groceries").
• Unmatch an incorrect match from the transaction detail view.
• Once a period is locked (see Year-end checklist), the matcher refuses to touch transactions in that period. Reconcile before you lock.