Which banks are supported?

Odoo supports over 25,000 banks worldwide through various integration methods including direct bank feeds, Plaid, and file imports (OFX, QIF, CSV).

How accurate is the automatic matching?

The AI matching achieves 85-95% accuracy on average, improving over time as it learns your patterns. You can always review and adjust matches before confirming.

Can I reconcile multiple bank accounts?

Yes, you can connect and reconcile as many bank accounts as needed, including checking, savings, and credit card accounts.

What if a transaction doesn't match?

Unmatched transactions are flagged for manual review. You can create new entries, split transactions, or mark items for follow-up.

Odoo Bank Reconciliation: Automated Statement Matching

Say goodbye to manual bank reconciliation. Odoo uses AI-powered matching to automatically reconcile your bank transactions, saving hours of tedious work every month.

Bank reconciliation is one of the most time-consuming accounting tasks, but it doesn't have to be. Odoo's bank reconciliation feature uses intelligent matching ...

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Bank reconciliation is one of the most time-consuming accounting tasks, but it doesn't have to be. Odoo's bank reconciliation feature uses intelligent matching algorithms to automatically pair bank transactions with your invoices and payments. With support for importing statements from over 25,000 banks worldwide, you can reconcile your accounts in minutes instead of hours.

What is Odoo Bank Reconciliation?

Odoo Bank Reconciliation is an automated feature within the accounting module that imports bank statements and matches transactions with your accounting records. It uses machine learning to improve matching accuracy over time, learning from your reconciliation patterns. The system supports various import formats including OFX, QIF, CSV, and direct bank feeds.

Odoo Bank Reconciliation Features

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Automatic Import

Import bank statements directly from your bank via API or file upload.

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AI-Powered Matching

Smart algorithms automatically match transactions with invoices and payments.

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One-Click Reconciliation

Review and confirm matches with a single click for fast processing.

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Multi-Bank Support

Connect and reconcile multiple bank accounts in one place.

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Discrepancy Detection

Automatically identify and flag discrepancies for review.

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Reconciliation Reports

Generate detailed reports showing reconciled and pending items.

Benefits of Odoo Bank Reconciliation

Save 10+ Hours Monthly

Automated matching reduces manual reconciliation time by up to 90%.

Improve Accuracy

Eliminate human errors with automated matching and validation.

Real-Time Visibility

Know your exact cash position at any time with up-to-date reconciliation.

Better Audit Trail

Complete documentation of all reconciliation activities for compliance.

Odoo Bank Reconciliation Use Cases

High-Volume Transactions

Perfect for businesses processing hundreds or thousands of transactions monthly.

Retail

Multi-Currency Operations

Reconcile accounts in multiple currencies with automatic conversion.

International Business

Subscription Management

Match recurring payments to subscription invoices automatically.

SaaS

E-commerce Payments

Reconcile payment gateway deposits with individual orders.

E-commerce