Reconciliation rules are powerful automation tools that teach your accounting system to recognise and match recurring transactions automatically during bank reconciliation. By defining rules based on transaction patterns, amounts, descriptions and payees, you can dramatically reduce the time spent on manual transaction matching while maintaining accuracy and control. Well-configured rules handle routine transactions instantly, allowing you to focus on exceptions and unusual items.
These rules are particularly valuable for recurring transactions such as rent payments, utility bills, loan instalments, regular supplier payments and subscription services that appear monthly or at predictable intervals. The system can learn to match these transactions based on consistent patterns in amounts, dates, descriptions or reference numbers. Rules can also automatically assign account codes and tax classifications, ensuring consistent categorisation across all reconciliations.
Exacc allows you to create sophisticated matching rules with multiple criteria, confidence thresholds and exception handling. You can configure rules to automatically match and categorise transactions with high confidence while flagging uncertain matches for manual review. The system maintains detailed logs of how rules are applied, providing full audit trail transparency and allowing you to refine rules based on actual performance over time.
Ready to automate your reconciliation process with smart matching rules? Follow our comprehensive guide below to create and configure effective reconciliation rules.
Create intelligent matching rules to automate transaction reconciliation and categorisation
Your reconciliation rules are configured and active - future reconciliations will benefit from intelligent automatic matching and categorisation.