Automatic transaction matching is a powerful time-saving feature that uses intelligent algorithms to pair your bank statement transactions with entries in your Exacc accounting system. This sophisticated automation dramatically reduces the manual effort required during reconciliation, allowing you to complete the process in minutes rather than hours while maintaining accuracy and control.
The auto-match feature analyses multiple data points including transaction dates, amounts, descriptions, reference numbers and payee information to identify probable matches with high confidence. You maintain full control by reviewing suggested matches before accepting them, ensuring that automation does not compromise the integrity of your financial records. The system learns from your matching patterns over time to improve accuracy with each reconciliation.
Exacc allows you to customise auto-match criteria to suit your specific business needs, including date tolerance ranges, amount variance thresholds and description matching rules. You can create custom matching rules for recurring transactions such as rent payments, loan instalments or regular supplier invoices. These personalised rules make future reconciliations even faster and more accurate.
Ready to streamline your reconciliation process with automatic transaction matching? Follow our comprehensive guide below to configure and use the auto-match feature effectively.
Configure and run automatic transaction matching to save time and improve reconciliation accuracy
Your auto-match settings are configured - future reconciliations will be faster and more efficient with intelligent transaction pairing.