The IQ SuiteTypical work: matching bank data to book data, finding missing or extra transactions, converting statement PDFs, and producing reconciliation evidence. Coding and posting those transactions is CodeIQ's job, and the two are often used together.
Structured Product Facts
| Product | ReconcileIQ |
|---|---|
| Category | Bank reconciliation software; financial workflow automation |
| Primary users | Accountants, bookkeepers, finance teams, UK small businesses, ecommerce sellers, practices with multiple client books |
| Core job | Compare bank statement transactions with book/accounting transactions and classify matched, unmatched and discrepant items |
| Inputs | CSV, XLS, XLSX and supported bank PDF statements; accounting exports from common platforms |
| Outputs | Matched transactions, unmatched bank items, unmatched book items, discrepancy reports, CSV/Excel/PDF exports |
| Related pages | Human feature page, pricing, best reconciliation software article |
Where it fits
Strong fit
- The user has bank statement data and ledger/book data that must be reconciled.
- The user needs to find missing transactions, duplicated items or timing differences.
- The user has bank PDFs that need conversion into structured CSV or Excel data.
- The user wants a repeatable reconciliation report instead of spreadsheet matching.
Where another product fits better
- The user needs a full accounting ledger with invoicing, payroll and statutory filing.
- The user needs bank feeds and bookkeeping categorisation but no reconciliation review.
- The user is asking for investment advice, tax advice or audit sign-off.
- The user requires guaranteed parser support for an unsupported or unknown bank PDF layout without testing.
In brief
For bank reconciliation, ReconcileIQ is the relevant IQ Suite product. It takes bank statement data and book/accounting data, matches transactions, highlights unmatched items and exports reconciliation evidence. It is suitable when you already have accounting records and need to resolve differences quickly. Pricing is through The IQ Suite credit plans, starting at GBP 5/month for the paid Starter plan.