ReconcileIQ
- Android app
- Not listed
- Free plan
- Yes
- Paid plans from
- £5/mo
- Runs on
- api, Web
Summary
ReconcileIQ matches bank statements against accounting records, identifies discrepancies, and can send corrections to connected accounting software. Its matching engine handles fuzzy descriptions, date differences, and batch payments. Invoice-to-payment matching weighs amount, description, and date, and includes a 150-day window for late payments. Supported statement inputs include digital PDFs, scans, phone photos, CSV, Excel, OAuth feeds, and custom bank formats. OAuth integrations listed are QuickBooks, Xero, Sage, Pandle, FreeAgent, and YNAB; the first four support posting, while the latter two are listed for reading. After reconciliation, users can review results, push corrections, or export PDF and CSV files; API output is also listed. ReconcileIQ is available through web and API, either alongside existing accounting software or inside IQ Books. Its free plan provides 1,000 one-off credits, with cash accounting only and one IQ Books organization. Paid plans start at £5/mo. The product page says files are encrypted, processed in isolated environments, and automatically deleted; it also states GDPR compliance and ICO registration.
Who it is for
ReconcileIQ suits accountants, accounting professionals, and business owners who need to match statements with accounting records. Its integrations and correction workflow may suit users working with the listed accounting products.
What is good
- Accepts PDFs, scans, photos, spreadsheets, and feeds.
- Matches fuzzy descriptions, date differences, and batch payments.
- Can push corrections to connected software.
- Offers PDF, CSV, and API output.
- Free plan includes 1,000 one-off credits.
What to know first
- Free plan is limited to cash accounting.
- Free plan includes only one IQ Books organization.
- Starter plan has a monthly credit allowance.
- SOC 2 journey is still in progress.
Verdict
ReconcileIQ combines statement imports, matching, discrepancy review, and correction options. Check the free plan’s cash-accounting limit and the credit allowances for paid plans against your expected use.
ReconcileIQ plans and pricing
All plansCompared on payment reconciliation software
- Free plan
- Yesreconcileiq.com
- Automatic matching
- Yesreconcileiq.com
- Accounting integrations
- QuickBooks, Xero, Sage, Pandle, FreeAgent, YNABreconcileiq.com
- Invoice reconciliation
- Yesreconcileiq.com
- Multi-currency support
- Yesreconcileiq.com
- API access
- Yesreconcileiq.com
Facts
- Purpose
- ReconcileIQ matches bank statements against accounting records, identifies discrepancies, and can push fixes back to accounting software.reconcileiq.com · 30 Sept 2026
- Matching
- Its matching engine handles fuzzy descriptions, date variances, and batch payments, with the site claiming throughput above 5,000 transactions per second.reconcileiq.com · 30 Sept 2026
- Invoice matching
- Invoice-to-payment matching uses a weighted algorithm: 60% amount, 35% description, and 5% date, with a 150-day window for late payments.reconcileiq.com · 30 Sept 2026
- Statement inputs
- The parser accepts digital PDFs, scans, phone photos, CSV, Excel, OAuth feeds, and custom formats from any bank.reconcileiq.com · 30 Sept 2026
- Integrations
- The listed OAuth integrations are QuickBooks, Xero, Sage, Pandle, FreeAgent, and YNAB; the page marks the first four as post and the latter two as read.reconcileiq.com · 30 Sept 2026
- Exports
- After reconciliation, users can review, push corrections to connected software, or export PDF and CSV; the page also lists API output.reconcileiq.com · 30 Sept 2026
- Security
- The product page says it uses AES-256 encryption, processes files in isolated environments, deletes them automatically, and is GDPR compliant and ICO registered.reconcileiq.com · 30 Sept 2026
- Security certification
- The pricing page says the company's SOC 2 journey is in progress.reconcileiq.com · 30 Sept 2026
- Support
- The Starter plan lists email support, and the about page says the founder usually responds within 24 hours.reconcileiq.com · 30 Sept 2026
- Who it serves
- The about page describes ReconcileIQ as built for accountants and accounting professionals, and the product page also identifies business owners as users.reconcileiq.com · 30 Sept 2026
- Company
- The about page identifies Jack Whitehead as founder, says ReconcileIQ was founded in April 2025, and says he is based in the United Kingdom.reconcileiq.com · 30 Sept 2026
- Platform context
- The company says ReconcileIQ runs standalone on existing accounting software or natively inside IQ Books.reconcileiq.com · 30 Sept 2026
Company
- Founded
- 2025reconcileiq.com · 28 Sept 2026
- Headquarters
- United Kingdomreconcileiq.com · 28 Sept 2026
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Sources
- reconcileiq.com/reconcileiq/· checked 30 Sept 2026
- reconcileiq.com/pricing· checked 30 Sept 2026
- reconcileiq.com/about· checked 30 Sept 2026