--- title: "Best Reconciliation Software - 2026 Reviews & Pricing" description: "Find the best Reconciliation Software for your organization. Compare top Reconciliation Software systems with customer reviews, pricing, and free demos." source_url: "https://www.softwareadvice.com/accounting/reconciliation-comparison/" page_type: "subcategory" language: "en" --- [Home](https://www.softwareadvice.com/) / Reconciliation Software Software Advice offers objective insights based on verified user reviews and independent product and market research. When our advisors match you to a software provider, we may earn a referral fee. # Best Reconciliation Software of 2026 Updated October 21, 2026 On this page 1. Popular Comparisons 2. Buyers Guide Filter products 59 results ### Compare Products Showing 1 - 25 of 59 products #### Company Size - Self-Employed - 2-10 - 11-50 - 51-200 - 201-500 - 501-1000 - 1000+ #### Pricing Options - $$$$$ - $$$$$ - $$$$$ - $$$$$ - $$$$$ ### Compare Products Sort by **Recommendations**: Sorts listings by the number of recommendations our advisors have made over the past 30 days. Our advisors assess buyers’ needs for free and only recommend products that meet buyers’ needs. Vendors pay Software Advice for these referrals. **Reviews**: Sorts listings by the number of user reviews we have published, greatest to least. **Average Rating**: Sorts listings by overall star rating based on user reviews, highest to lowest. **Alphabetically (A-Z)**: Sorts listings by product name from A to Z. ### Product: AccountMate [AccountMate](https://www.softwareadvice.com/accounting/accountmate-profile/) 4.28 [(25)](https://www.softwareadvice.com/accounting/accountmate-profile/reviews/) ### Pricing availability Starting price: $4,000.00one time Free trial: Available Free demo: Not available Free version: Not available Software Advice Summary AccountMate is a hybrid accounting solution that caters to small and midsize businesses and offers them tools and functionalities, which help them to manage their financial procedures and routines. The solution provides multiple modules which can be tailored to specific business' needs. Key features include core accounting (accounts receivable, accounts payable, general ledger), inventory management, contact management and payroll processing. AccountMate provides modules for business analysis, business intelligence and customer relationship management (CRM). Drill-down analysis permits viewing of account and transaction details whenever required. AccountMate provides users an audit trail via solution-wide tracking of data changes as well as fraudulent protection features. Users can attach supporting documents to records and view bank balances and transactions in real time. Additionally, AccountMate’s multi-currency and multilingual capabilities support global operations. AccountMate is compatible with Windows systems and is available for local installation, hosted, Software as a Service (SaaS) and/or mobile. The solution is priced per user/per module. Support is offered via phone, email and other online resources.... [Read more](https://www.softwareadvice.com/accounting/accountmate-profile/) ### Best rated features: Collaboration Tools 5.0 Multiple Projects 5.0 Purchase Order Management 5.0 Project Planning/Scheduling 5.0 ### Worst rated features: Task Management 4.0 Billing & Invoicing 4.0 [See all features](https://www.softwareadvice.com/accounting/accountmate-profile/#key-features) ### Basic $4,000.00one time [See full pricing details](https://www.softwareadvice.com/accounting/accountmate-profile/#pricing-and-plans) --- ### Product: Sage Intacct [Sage Intacct](https://www.softwareadvice.com/accounting/intacct-accounting-profile/) 4.28 [(718)](https://www.softwareadvice.com/accounting/intacct-accounting-profile/reviews/) Best for:Mid-size businesses ### Pricing availability Starting price: Price not available Free trial: Not available Free demo: Not available Free version: Not available Software Advice Summary Sage Intacct operates within the Sage Business Cloud portfolio as a comprehensive cloud-based financial management software, expertly designed to bring rich financial and operational insights to a variety of businesses. Recognized for its robust accounting capabilities, Sage Intacct is particularly tailored for small to midsize enterprises looking to streamline their financial processes while gaining access to real-time monetary data. From an architectural standpoint, Sage Intacct stands as an adaptable platform equipped to integrate with numerous other applications. This flexibility enables it to easily fit into a wide range of business ecosystems, accommodating the diverse and evolving needs of modern organizations. Central to its design is an appreciation for differing industry requirements, which Sage Intacct meets with its industry-specific solutions, thereby supporting a more personalized financial management experience. The platform is lauded for its user-friendly interface, crafted to simplify complex financial data compilation and present it in an easily digestible format. Users are able to construct comprehensive financial reports that garner insights without requiring an extensive background in data analysis. This function is vital for companies aiming to make informed decisions quickly and with confidence. A defining trait of Sage Intacct is the commitment to financial visibility. With its advanced reporting and dashboard capabilities, stakeholders can dissect and monitor financial metrics that are critical to a business’s strategic vision, enabling leadership to pivot or accelerate with accurate backing. Moreover, Sage Intacct is engineered to scale, offering entities the assurance that the software can grow in tandem with their operations. In accounting terms, Sage Intacct is a friend to compliance, offering a suite of features that assist businesses in adhering to accounting standards and regulations, such as GAAP, IFRS, and others. It also reinforces internal controls, helping to mitigate financial risk and establish a transparent financial environment. Given its cloud foundation, Sage Intacct provides anywhere, anytime access to financial data, a necessity in a globalized and mobile business landscape. The security of this data is not overlooked; Sage Intacct commits to established protocols to safeguard sensitive financial information against modern threats. Sage Intacct, thus, stands out as a potent tool that facilitates enhanced financial management, augments strategic decision-making capabilities, and assures compliance and security, all while offering expandability to accommodate the dynamic nature of growing businesses. It remains an integral part of the Sage Business Cloud, geared towards empowering organizations with precision and agility in their financial operations.... [Read more](https://www.softwareadvice.com/accounting/intacct-accounting-profile/) ### What users love - User-friendly and intuitive interface - Comprehensive accounting functionality - Robust, customizable reporting capabilities ### To take in mind - Complex and inflexible report customization - Slow and unresponsive support experience - Expensive and rising costs ### Best rated features: Quotes/Estimates 5.0 For Nonprofits 5.0 Vendor Management 5.0 Customer Statements 5.0 [See all features](https://www.softwareadvice.com/accounting/intacct-accounting-profile/#key-features) --- ### Product: Striven [Striven](https://www.softwareadvice.com/project-management/striven-profile/) 4.82 [(130)](https://www.softwareadvice.com/project-management/striven-profile/reviews/) Best for:Small businesses ### Pricing availability Starting price: $35.00/month Free trial: Available Free demo: Not available Free version: Not available Software Advice Summary Striven is a cloud-based, all-in-one business management ERP platform built for small and midsize companies tired of duct-taping popular accounting tools, a CRM, a project tool, and spreadsheets into something resembling a workflow. It brings accounting, CRM, project management, inventory, HR, and reporting under one roof, so a closed deal in sales auto-generates the invoice, updates inventory, and kicks off the project. No re-keying, no version drift, no hunting for the source of truth. The real value is the real-time integration between every part of your system, which means full integration between every part of your business. When every module talks to the others in real time, leadership stops deciding on month-old data and teams stop arguing about which spreadsheet is current. Workflows, dashboards, and reports bend to how the business actually runs, and customer, vendor, and candidate portals extend the system to the people outside your walls. For service firms, contractors, and manufacturers graduating from disconnected tools, Striven is the consolidation play that pays back in time, accuracy, and clarity.... [Read more](https://www.softwareadvice.com/project-management/striven-profile/) ### Best rated features: Routing 5.0 Document Storage 5.0 Milestone Tracking 5.0 Percent-Complete Tracking 5.0 ### Worst rated features: API 1.0 [See all features](https://www.softwareadvice.com/project-management/striven-profile/#key-features) ### Standard $35.00/month The plan is based on the number of users. ### Enterprise $70.00/month The per-user price decreases as the number of users increases. [See full pricing details](https://www.softwareadvice.com/project-management/striven-profile/#pricing-and-plans) --- ### Product: Adaptive from Workday [Adaptive from Workday](https://www.softwareadvice.com/nonprofit/workday-adaptive-planning-profile/) 4.47 [(235)](https://www.softwareadvice.com/nonprofit/workday-adaptive-planning-profile/reviews/) Best for:Value for money ### Pricing availability Starting price: Price not available Free trial: Available Free demo: Not available Free version: Not available Software Advice Summary Workday Adaptive Planning is a native-cloud planning solution that empowers finance to configure sophisticated, driver-based models with ease, analyze unlimited scenarios on the fly, and use AI and machine learning (ML) to create predictive forecasts and gain insights. With Workday Adaptive Planning, FP&A teams can create budgets and forecasts with more speed, flexibility, collaboration, and accuracy. And with unlimited scenario analysis backed by machine learning, you can deliver fast answers to complex questions and gain real-time insights. The planning platform has a purpose-built integration framework that helps organizations adapt and perform at scale. Its dashboards and reports ensure that everyone on the team can access timely insights.... [Read more](https://www.softwareadvice.com/nonprofit/workday-adaptive-planning-profile/) ### Best rated features: Purchasing & Receiving 5.0 Historical Reporting 5.0 Calendar Management 5.0 Payroll Management 5.0 ### Worst rated features: For Nonprofits 1.0 Dues Management 2.0 Visual Analytics 2.0 Succession Management 3.0 [See all features](https://www.softwareadvice.com/nonprofit/workday-adaptive-planning-profile/#key-features) ### Workday Adaptive Planning Custom Pricing available upon request ### Workday Adaptive Planning & Consolidation Custom Pricing available upon request [See full pricing details](https://www.softwareadvice.com/nonprofit/workday-adaptive-planning-profile/#pricing-and-plans) --- ### Product: Deltek Costpoint [Deltek Costpoint](https://www.softwareadvice.com/project-management/deltek-costpoint-profile/) 3.95 [(215)](https://www.softwareadvice.com/project-management/deltek-costpoint-profile/reviews/) ### Pricing availability Starting price: Price not available Free trial: Available Free demo: Not available Free version: Not available Software Advice Summary Deltek Costpoint is an ERP for government contractors that gives firms the speed, clarity, and control to manage complex contracts from pursuit through closeout. It connects financials, projects, procurement, and governance in a single system—purpose-built to support any contract type, from firm-fixed price to cost- plus. AI-powered intelligence is delivered through Dela, an AI orchestrator that automates contract creation, surfaces key insights, and answers questions on demand. Use cases: - Track project costs, indirect rates, and funding in real time across contract types - Automate time entry, expense reports, and approvals directly in Microsoft teams or Outlook - Prepare for DCAA audits with built-in traceability and 300+ pre-built reports - Manage capture through closeout workflows from opportunity identification to final billing - Forecast project performance using AI-powered predictive analytics from a single source of truth Key Features: - Project-based financial management with indirect cost and rate controls - Dela AI orchestrator — Ask Dela, Smart Summaries, and Dela Agents - Role-based Command Center dashboards with real-time drill-down - Capture and contract management integrated with GovWin IQ and ProPricer - FedRAMP Moderate Equivalent cloud (GCCM) on the FedRAMP Marketplace - Source-to-pay procurement with FAR/DFARS and CPSR support - Time and expense entry across desktop, mobile, MS Outlook, and Teams... [Read more](https://www.softwareadvice.com/project-management/deltek-costpoint-profile/) ### Best rated features: Compliance Management 5.0 Collaboration Tools 5.0 Task Management 5.0 Project Planning/Scheduling 5.0 [See all features](https://www.softwareadvice.com/project-management/deltek-costpoint-profile/#key-features) --- ### Product: MIP Accounting [MIP Accounting](https://www.softwareadvice.com/product/121198-MIP-Accounting/) 4.11 [(69)](https://www.softwareadvice.com/product/121198-MIP-Accounting/reviews/) ### Pricing availability Starting price: $0.01 Free trial: Not available Free demo: Not available Free version: Not available Software Advice Summary MIP is the leading accounting software designed for mission-driven organizations, including nonprofits, schools, healthcare, associations, and government entities. It provides complete financial oversight, helping you track unlimited funds such as grants, contributions, and program services while improving decision-making, donor engagement, and operational efficiency. MIP simplifies complex financial processes so you can manage every dollar with confidence. Backed by expert support, training, and a true nonprofit focus, MIP is your trusted partner for financial success.... [Read more](https://www.softwareadvice.com/product/121198-MIP-Accounting/) ### Best rated features: General Ledger 5.0 Income & Balance Sheet 5.0 API 5.0 Accounts Payable 5.0 ### Worst rated features: Payroll Management 1.0 Grant Management 1.0 [See all features](https://www.softwareadvice.com/product/121198-MIP-Accounting/#key-features) --- ### Product: Phocas [Phocas](https://www.softwareadvice.com/bi/phocas-profile/) 4.73 [(136)](https://www.softwareadvice.com/bi/phocas-profile/reviews/) Best for:Value for money ### Pricing availability Starting price: $150.00/month Free trial: Not available Free demo: Not available Free version: Not available Software Advice Summary Phocas is a SaaS platform designed to help mid-market businesses in manufacturing, wholesale distribution, and retail make data-driven decisions. Combining business intelligence (BI) and financial planning and analysis (FP&A) in one integrated solution, it simplifies the way businesses access, analyze, and plan their data. It connects teams with the insights they need to understand their business better and drive growth. Phocas integrates with ERP systems including Epicor, Sage, and Oracle NetSuite, extending their capabilities by centralizing data from ERP, CRM, spreadsheets, and other systems into one intuitive platform. This unified view enables cross-functional teams to make more informed decisions with real-time insights. Key features include intuitive dashboards, ad hoc reporting, financial statements, budgeting, forecasting, and automated rebate management. Phocas is designed for self-service, empowering users at all levels of the business to access and analyze data. By automating manual processes including consolidating financial and operational data, it helps users focus on strategic activities. It assists with preparing monthly reports, analyzing trends, managing cash flow, or optimizing rebates. Phocas centralizes data from ERP and other systems into one platform. With drill-down capabilities, AI-powered queries, and customizable pivot tables, users can explore everything from high-level overviews to granular transaction details. Ad hoc reporting tools let users create custom reports and dashboards, while KPI alerts ensure teams stay on top of performance and act to drive improvements across sales, products, and customers. Phocas transforms ERP data into up-to-date profit and loss, balance sheet, and cash flow statements. By automating financial reporting, integrating prebuilt formulas and ratios, and offering drill-down capabilities, it helps finance teams identify and resolve performance issues quickly. With customizable statements and secure access controls, teams can share actionable financial data with stakeholders across the business. Phocas provides a tool for connected business planning. It consolidates financial budgets, sales forecasts, headcount, and demand planning into one platform, enabling collaboration through workflows, user permissions, and audit logs. Live actuals and driver-based functionality allow businesses to track performance, compare plans to results, and adjust forecasts. The self-serve tool supports growing businesses with the ability to manage budgeting, helping users make informed decisions. Phocas Rebates automates rebate calculations and ensures accuracy. Built on a BI foundation, it helps businesses identify trends, spot near misses, and assess rebate performance. With real-time updates, users can optimize product offers, pricing, and purchasing decisions to capitalize on emerging opportunities and maximize profitability while strengthening trading relationships. Phocas CRM brings sales, finance, and customer data together in one platform, offering real-time insights for sales analysis and account management. By providing accurate sales reporting and streamlining the customer relationship process, it bridges the gap between finance and sales, empowering businesses to make informed decisions.... [Read more](https://www.softwareadvice.com/bi/phocas-profile/) ### Best rated features: Real-Time Analytics 5.0 ETL 5.0 Key Performance Indicators 5.0 Data Management 5.0 ### Worst rated features: Data Cleansing 3.0 Collaboration Tools 3.5 [See all features](https://www.softwareadvice.com/bi/phocas-profile/#key-features) --- ### Product: Plooto [Plooto](https://www.softwareadvice.com/accounting/plooto-profile/) 4.35 [(245)](https://www.softwareadvice.com/accounting/plooto-profile/reviews/) Best for:Small businesses ### Pricing availability Starting price: CA$9.00/month Free trial: Available Free demo: Not available Free version: Not available Software Advice Summary Plooto is an all-in-one platform that enables businesses to automate their domestic and international accounts payable and accounts receivable functions by unifying payments, processes, control, and reporting. Trusted by 6,000+ businesses, the platform also integrates Plooto provides smart two-way sync with QuickBooks and Xero, automatically syncing bills, invoices, and payments and reconciling bookkeeping records while keeping a full audit trail. And, with Plooto, improve your cash flow with credit card acceptance and get paid as soon as 2 business days and automation features like PAD and recurring payments to get money into your account much faster with less work.... [Read more](https://www.softwareadvice.com/accounting/plooto-profile/) ### What users love - Streamlined accounting connections - Clean and accessible design - Simple and intuitive experience ### To take in mind - Delays and workflow limitations - Unresponsive and limited assistance ### Best rated features: Multi-Period Recurring Billing 5.0 Accounting Integration 5.0 Receipt Management 5.0 Recurring Invoicing 5.0 ### Worst rated features: Credit Card Processing 1.0 [See all features](https://www.softwareadvice.com/accounting/plooto-profile/#key-features) ### Go CA$9.00/month Manage low client payment volumes and set up basic approval workflows. This plan is only available to clients of accounting and bookkeeping firms who use Plooto to manage client payments.... [Read more](https://www.softwareadvice.com/accounting/plooto-profile/#pricing-and-plans) ### Grow CA$32.00/month Trial period includes 10 free domestic transactions. After this, domestic payments can be sent and received for $0.50 per transaction.... [Read more](https://www.softwareadvice.com/accounting/plooto-profile/#pricing-and-plans) ### Pro CA$99.00/month Implement complex payment operations with advanced controls. [See full pricing details](https://www.softwareadvice.com/accounting/plooto-profile/#pricing-and-plans) --- ### Product: Focus X [Focus X](https://www.softwareadvice.com/product/3600-focus/) 3.81 [(119)](https://www.softwareadvice.com/product/3600-focus/reviews/) ### Pricing availability Starting price: $60.00/month Free trial: Not available Free demo: Not available Free version: Not available Software Advice Summary Focus X is an all-inclusive enterprise resource planning (ERP) system that helps you connect every aspect of your business operations. From production to supply chain, customer relationship management to inventory and human resources, it records and stores all your core business data on a centralized database. The application is more focused on the data, information and agility of the process, as well as being able to respond to a fast-moving and volatile business environment. As an AI-enabled ERP software, Focus X is endowed with advanced capabilities that have the potential to improve control over disrupted and broken financial processes, simplify finding the right vendors, make forecasting effortless, and enhance other business processes to achieve greater growth and development.... [Read more](https://www.softwareadvice.com/product/3600-focus/) ### What users love - Robust and flexible reporting tools - Flexible system adaptation options ### To take in mind - Slow and unreliable support response ### Best rated features: Project Accounting 5.0 Online Payments 5.0 Scheduling 5.0 Mobile App 5.0 ### Worst rated features: Fraud Detection 1.0 [See all features](https://www.softwareadvice.com/product/3600-focus/#key-features) --- ### Product: Lightyear [Lightyear](https://www.softwareadvice.com/accounting/lightyear-profile/) 4.91 [(200)](https://www.softwareadvice.com/accounting/lightyear-profile/reviews/) Best for:Ease of use ### Pricing availability Starting price: £130.00/month Free trial: Available Free demo: Not available Free version: Not available Software Advice Summary Lightyear is an industry-leading cloud platform providing intelligent automation solutions for large SMEs & Enterprise level Purchasing & Accounts Payables processes. Designed to work across all industries, our end-to-end approvals workflows are up to 80% faster than traditional methods, enabling purchase orders & invoices to be approved in seconds and removing paper from the office. Advanced Automation: Automatically assign general ledger (GL) codes, tax rates, categories, or departments to line items, streamlining data processing and improving accuracy. Price Verification: Compare product prices against verified supplier pricing, ensuring invoice accuracy and cost control. Seamless Integrations: Lightyear integrates seamlessly with leading third-party applications, including Abcom, MYOB, Xero, Sage 50, Fuelsoft, and more. This enables smooth data synchronization and enhances overall workflow efficiency. Mobile Applications: Lightyear offers dedicated mobile applications for both iOS and Android platforms, allowing you to access and manage accounts payable processes on the go. Subscription and Support: Lightyear is available through monthly subscriptions, providing flexibility and scalability. The platform offers extensive support through documentation, live chat, and phone assistance, ensuring you receive the guidance and assistance you need.... [Read more](https://www.softwareadvice.com/accounting/lightyear-profile/) ### Best rated features: Document Extraction 5.0 Electronic Payments 5.0 Credit Note 5.0 Invoice Management 5.0 [See all features](https://www.softwareadvice.com/accounting/lightyear-profile/#key-features) ### Starter £130.00/month The plan offers a 30-day free trial, after which the software is available at £130/month ### Business £279.00/month The plan offers a 30-day free trial, after which the software is available at £279/month ### Enterprise £499.00/month The plan offers a 30-day free trial, after which the software is available starting at £499/month [See full pricing details](https://www.softwareadvice.com/accounting/lightyear-profile/#pricing-and-plans) --- ### Product: Ramp [Ramp](https://www.softwareadvice.com/product/115155-Ramp/) 4.86 [(223)](https://www.softwareadvice.com/product/115155-Ramp/reviews/) Best for:Customer support ### Pricing availability Starting price: $0.00/month Free trial: Available Free demo: Not available Free version: Available Software Advice Summary Ramp is the corporate card and spend management solution that helps mid-market companies accelerate growth without compromising on their finances. Issue physical and virtual cards from Ramp to enable cardholders to request spend and approve requests in real-time. Automate expense reporting, streamline vendor management, and leverage advanced savings insights into ways to cut spend. With direct integrations into accounting solutions, Ramp helps finance teams save 1-2 days a week tracking expenses, following up with employees, and closing their books.... [Read more](https://www.softwareadvice.com/product/115155-Ramp/) ### Best rated features: Reporting & Statistics 5.0 For Small Businesses 5.0 Real-Time Reporting 5.0 Reporting/Analytics 5.0 ### Worst rated features: Online Booking 3.0 Access Controls/Permissions 4.0 [See all features](https://www.softwareadvice.com/product/115155-Ramp/#key-features) ### Free $0.00/month ### Plus $15.00/month Plus platform fee based on team size ### Enterprise Custom Pricing available upon request [See full pricing details](https://www.softwareadvice.com/product/115155-Ramp/#pricing-and-plans) --- ### Product: Agiled [Agiled](https://www.softwareadvice.com/project-management/agiled-profile/) 4.73 [(350)](https://www.softwareadvice.com/project-management/agiled-profile/reviews/) Best for:Invoice Creation ### Pricing availability Starting price: $0.00 Free trial: Available Free demo: Not available Free version: Available Software Advice Summary Agiled is an all in one business management platform. It comes with built-in CRM, HRM, Financial Management, Project Management and Time Tracking. Users can manage all of their business in one place and provide a client portal access to their customers. Agiled can be customized according to the business needs. Users can manage projects and invite their team to update tasks and progress. Support is extended via live chat, email, documentation, FAQs and an inquiry form.... [Read more](https://www.softwareadvice.com/project-management/agiled-profile/) ### Best rated features: Multiple Billing Rates 5.0 Issue Management 5.0 Completion Tracking 4.8 Employee Database 4.8 ### Worst rated features: Reminders 3.0 Customizable Templates 3.8 Team Collaboration 4.0 Automatic Time Capture 4.0 [See all features](https://www.softwareadvice.com/project-management/agiled-profile/#key-features) ### Basic $0.00 ### Pro $30.00/month $25/month when billed annually. ### Premium $59.00/month $49/month when billed annually. [See full pricing details](https://www.softwareadvice.com/project-management/agiled-profile/#pricing-and-plans) --- ### Product: Datarails [Datarails](https://www.softwareadvice.com/accounting/datarails-profile/) 4.74 [(246)](https://www.softwareadvice.com/accounting/datarails-profile/reviews/) Best for:Features ### Pricing availability Starting price: Price not available Free trial: Not available Free demo: Not available Free version: Not available Software Advice Summary Datarails is the AI financial operating system for the CFO's office, an Excel-connected platform that brings FP&A, cash management, spend control, and month-end close into one flexible, governed workspace. With 600+ integrations across accounting, ERP, CRM, banking, and HRIS systems, it consolidates data into a single source of truth, so finance teams spend less time collecting numbers and more time analyzing it. At the core of the platform is FinanceOS, which consolidates your sources, maps your data, and applies your own metric definitions and governance to create a single, trusted version of your numbers. That clean, governed data is then connected to the AI tools finance teams already use, so every answer is grounded in finance-adjusted data you can act on, and reports built once become repeatable processes that run the same way every month. Easy to use and built to fit the way finance teams already work, Datarails supports existing Excel and Google Sheets workflows while strengthening visibility, controls, and collaboration. By removing manual tasks and unifying financial operations, it helps finance deliver faster reporting, more accurate insights, and confident, data-driven decisions.... [Read more](https://www.softwareadvice.com/accounting/datarails-profile/) ### Best rated features: Accounting 5.0 "What If" Scenarios 5.0 Workflow Management 5.0 Ad hoc Reporting 5.0 [See all features](https://www.softwareadvice.com/accounting/datarails-profile/#key-features) --- ### Product: Invoice Ninja [Invoice Ninja](https://www.softwareadvice.com/accounting/invoice-ninja-profile/) 4.74 [(167)](https://www.softwareadvice.com/accounting/invoice-ninja-profile/reviews/) Best for:Customer support ### Pricing availability Starting price: $0.00 Free trial: Available Free demo: Not available Free version: Available Software Advice Summary Create. Send. Get Paid. Invoice Ninja is the leading small-business platform to invoice, accept payments, track expenses & time tasks. Designed for freelancers and small to medium size businesses, Invoice Ninja is a suite of apps to help you get paid. Incredibly easy to use Invoice Ninja was built to serve freelancers and business owners with a complete suite of invoicing & payment tools to advance your business. Invoicing & Payments Every feature is geared towards accurate and secure invoicing and getting you paid. Instead of using Word and Excel docs, nondescript PayPal forms or overpriced software, with Invoice Ninja you can send beautiful branded invoices with minimum of effort and maximum professionalism. Time Tracker & Projects The feel of desktop software but with the power of a web-based app. The time-tracker app can either launched from within your online Invoice Ninja account, or using a downloaded desktop icon. Just click, and begin! Create projects and individual tasks per project. When done, simply “Send task to invoice” and all details will be sent ready for your clients to pay! Track Vendors & Expenses With Invoice Ninja, all your earnings, expenses, clients and vendors are stored and managed in one system. Categorize your vendors & re-invoice expenses to clients, or simply run expense reports. All of these features combine to help you receive the money you deserve and reduce the amount of time you spend on repetitive invoicing tasks. Spend less time on paperwork and more time at your craft.... [Read more](https://www.softwareadvice.com/accounting/invoice-ninja-profile/) ### Best rated features: Multi-Currency 5.0 Invoice Management 5.0 Dashboard 5.0 Mobile App 5.0 ### Worst rated features: Credit Card Processing 3.0 [See all features](https://www.softwareadvice.com/accounting/invoice-ninja-profile/#key-features) ### Forever Free $0.00 The plan is free forever. ### Ninja Pro $10.00/month The plan includes a 14-day free trial. ### Enterprise $14.00/month The plan includes a 30-day guarantee. The plan price depends upon the number of users: 1-2 users - $14/month 3-4 users - $26/month 6-10 users - $36/month 11-20 users - $44/month... [Read more](https://www.softwareadvice.com/accounting/invoice-ninja-profile/#pricing-and-plans) [See full pricing details](https://www.softwareadvice.com/accounting/invoice-ninja-profile/#pricing-and-plans) --- ### Product: BILL Spend & Expense [BILL Spend & Expense](https://www.softwareadvice.com/accounting/divvy-profile/) 4.67 [(440)](https://www.softwareadvice.com/accounting/divvy-profile/reviews/) Best for:Features ### Pricing availability Starting price: $0.00/month Free trial: Available Free demo: Not available Free version: Available Software Advice Summary BILL Spend & Expense (formerly Divvy) offers an extraordinary way for businesses to gain complete control over their spending with our user-friendly software and corporate cards. Our unique budgeting software allows companies to precisely manage their expenses while also simplifying cash flow planning. And the best part? It’s completely free, so managing your business expenses is easier than ever. For more information, visit bill.com.... [Read more](https://www.softwareadvice.com/accounting/divvy-profile/) ### What users love - User-friendly and accessible design - Responsive and helpful support team - Real-time expense tracking tools ### To take in mind - Subscription fees and unclear costs - Card issues and fraud concerns ### Best rated features: Online Invoicing 5.0 Financial Management 5.0 Fraud Detection 5.0 "What If" Scenarios 5.0 ### Worst rated features: For Accountants 1.0 Real-Time Data 3.2 Reminders 3.3 [See all features](https://www.softwareadvice.com/accounting/divvy-profile/#key-features) ### Spend & Expense $0.00/month $0 user/month. Access credit lines from $1,000-$5M. Easily request funds, set budgets, and track spend using free software combined with corporate cards.... [Read more](https://www.softwareadvice.com/accounting/divvy-profile/#pricing-and-plans) [See full pricing details](https://www.softwareadvice.com/accounting/divvy-profile/#pricing-and-plans) --- ### Product: Stripe Billing [Stripe Billing](https://www.softwareadvice.com/product/61741-Stripe-Billing/) 4.66 [(213)](https://www.softwareadvice.com/product/61741-Stripe-Billing/reviews/) Best for:Ease of use ### Pricing availability Starting price: Price not available Free trial: Not available Free demo: Not available Free version: Not available Software Advice Summary Stripe Billing is a cloud-based solution that offers a varied set of unified APIs and tools that enable businesses to manage and accept payments online. Stripe Billing handles key payment functions, such as subscriptions, storing cards and direct payouts to user bank accounts. It also offers solutions for mobile and web payments that are specially built for developers. Stripe Billing enables businesses to accept international debit cards, credit cards and currencies. Other key features include full-stack payments, PCI compliance, invoice paying, instant payment acceptance, shared customers and the collection of transaction fees. Stripe Billing does not require any card storage fees, validation fees, setup fees, monthly fees or refund fees. Stripe Billing provides support options such as online support, a customer knowledge base and forums. Additionally, Stripe Billing can be integrated with applications such as Shopify, FreshBooks, Zoho Invoice, Zoho Subscriptions, TalentLMS, Squarespace, Sellsy, Intercom, Slack, Zapier and Abacus.... [Read more](https://www.softwareadvice.com/product/61741-Stripe-Billing/) ### What users love - User-friendly and intuitive interface - Automated subscription management tools - Flexible integration with platforms ### To take in mind - High and unclear transaction fees ### Best rated features: Discount Management 5.0 Tax Calculation 5.0 Recurring Invoicing 5.0 Refund Management 5.0 [See all features](https://www.softwareadvice.com/product/61741-Stripe-Billing/#key-features) --- ### Product: OneStream [OneStream](https://www.softwareadvice.com/product/263326-OneStream-XF/) 4.76 [(84)](https://www.softwareadvice.com/product/263326-OneStream-XF/reviews/) ### Pricing availability Starting price: Price not available Free trial: Not available Free demo: Not available Free version: Not available Software Advice Summary OneStream is an enterprise finance platform. The platform aggregates financial and operational data from multiple systems into a single model. It includes purpose-built AI services that leverage advanced analytics in business processes. The platform also has built-in financial intelligence for accounts, currencies, ownership, and intercompany activities. This streamlines financial close processes and operations. OneStream allows organizations to continually adapt the platform as their needs evolve. The platform is designed with a focus on enterprise-grade security and data privacy. It adheres to industry-standard protocols such as SOC1, SOC2, HIPAA, and FedRAMP.... [Read more](https://www.softwareadvice.com/product/263326-OneStream-XF/) ### Best rated features: Alerts/Notifications 5.0 Access Controls/Permissions 5.0 Version Control 5.0 Financial Analysis 5.0 ### Worst rated features: Asset Lifecycle Management 3.0 Scenario Planning 3.3 Customizable Dashboard 3.5 Scheduled/Automated Reports 3.5 [See all features](https://www.softwareadvice.com/product/263326-OneStream-XF/#key-features) --- ### Product: Spreadsheet Server [Spreadsheet Server](https://www.softwareadvice.com/reporting-tools/spreadsheet-server-profile/) 4.61 [(93)](https://www.softwareadvice.com/reporting-tools/spreadsheet-server-profile/reviews/) ### Pricing availability Starting price: Price not available Free trial: Available Free demo: Not available Free version: Not available Software Advice Summary Spreadsheet Server eliminates the painful choice between manual Excel exports and complex BI tools. Connect 140+ ERPs directly to Excel for real-time reporting using skills you already have. Unlike BI platforms that don't understand finance, we're built specifically for financial data structures. Our ERP intelligence handles cost centers, dimensions, and multi-level hierarchies. No SQL, no data warehouses, no IT tickets.... [Read more](https://www.softwareadvice.com/reporting-tools/spreadsheet-server-profile/) ### Best rated features: Accounting 5.0 Expense Tracking 5.0 Billing & Invoicing 5.0 Accounts Payable 5.0 [See all features](https://www.softwareadvice.com/reporting-tools/spreadsheet-server-profile/#key-features) ### Basic Custom Pricing available upon request [See full pricing details](https://www.softwareadvice.com/reporting-tools/spreadsheet-server-profile/#pricing-and-plans) --- ### Product: Board [Board](https://www.softwareadvice.com/product/1931-BOARD/) 4.55 [(138)](https://www.softwareadvice.com/product/1931-BOARD/reviews/) Best for:Value for money ### Pricing availability Starting price: Price not available Free trial: Not available Free demo: Not available Free version: Not available Software Advice Summary Board is an enterprise planning platform that helps large organizations in retail, consumer packaged goods, food and beverage, and financial services manage budgeting, forecasting, and business intelligence in one place. Board can be deployed on-premises or via the cloud, giving organizations flexibility based on their IT requirements. Core features include financial planning, sales and operations planning, reporting, and data visualization, which help teams consolidate data from multiple sources and make informed decisions. Board also offers workforce planning and supply chain planning tools, allowing businesses to align resources with strategic goals. Small and midsize businesses looking to scale their planning processes can also benefit from the platform. Support is available through a knowledge base, online documentation, and a customer support portal, with additional assistance provided via email and phone for enterprise customers.... [Read more](https://www.softwareadvice.com/product/1931-BOARD/) ### Best rated features: API 5.0 Benchmarking 5.0 Goal Setting/Tracking 5.0 Milestone Tracking 5.0 ### Worst rated features: Visual Analytics 2.0 Version Control 3.0 [See all features](https://www.softwareadvice.com/product/1931-BOARD/#key-features) --- ### Product: RouteOne [RouteOne](https://www.softwareadvice.com/accounting/routeone-profile/) 4.83 [(23)](https://www.softwareadvice.com/accounting/routeone-profile/reviews/) ### Pricing availability Starting price: Price not available Free trial: Available Free demo: Not available Free version: Not available Software Advice Summary RouteOne is an auto dealer accounting solution that helps automotive dealerships manage sales, financial channels, leads, campaigns and more via a unified platform. The integrated accounting system allows employees to handle online payments, balance sheets, cash flow statements, trial balances and general ledger. RouteOne enables organizations to capture and store information about customer contact details, financial transactions and vehicle information in a centralized repository. The application lets administrators maintain inventory records including repair history, vehicle model, color, stock date, location, retail price and more. Additionally, employees can utilize mobile applications to create and manage deals, view customers’ credit scores and generate quotes using Android and iOS devices. RouteOne facilitates integration with several third-party solutions, such as ABCoA, ADAM System, DealerTrack, Tekion and more. Pricing is available on request and support is extended via email, phone, documentation and other online measures.... [Read more](https://www.softwareadvice.com/accounting/routeone-profile/) ### Best rated features: Website Integration 5.0 Inventory Management 5.0 New Car Dealer 5.0 Financing Management 4.7 [See all features](https://www.softwareadvice.com/accounting/routeone-profile/#key-features) ### Basic Custom Pricing available upon request [See full pricing details](https://www.softwareadvice.com/accounting/routeone-profile/#pricing-and-plans) --- ### Product: Accurants [Accurants](https://www.softwareadvice.com/accounting/accurants-profile/) 4.71 [(14)](https://www.softwareadvice.com/accounting/accurants-profile/reviews/) ### Pricing availability Starting price: $15.00/month Free trial: Available Free demo: Not available Free version: Available Software Advice Summary Accurants is a cloud-based accounting solution designed for small businesses and freelancers. Key features include modules for time tracking, project management, invoicing and expense tracking. Accurants allows users to invoice customers and receive payments via mobile devices. Users can also generate estimates and convert them into invoices. It also enables users to create and send purchase orders. Expenses can be tracked by projects and customers. Accurants’ time tracking module can track billable and non-billable hours for employees and contractors. The system also offers a reports dashboard and enables users to generate tax reports. Other features include mileage logs, expense reports and customer relationship management (CRM). Accurants is priced per user per month. The product is available in three pricing plans - Basic, Plus and Enterprise, based on the number of users and features. The vendor offers online and phone support to the customers. Support for data migration also available.... [Read more](https://www.softwareadvice.com/accounting/accurants-profile/) ### Best rated features: Billing & Invoicing 5.0 Purchase Order Management 5.0 Inventory Management 4.0 Reporting/Analytics 4.0 ### Worst rated features: Integrated Business Operations 4.0 Financial Management 4.0 Invoice Processing 4.0 Payroll Management 4.0 [See all features](https://www.softwareadvice.com/accounting/accurants-profile/#key-features) ### Basic $15.00/month [See full pricing details](https://www.softwareadvice.com/accounting/accurants-profile/#pricing-and-plans) --- ### Product: Petrofly [Petrofly](https://www.softwareadvice.com/accounting/petrofly-profile/) 5.0 [(4)](https://www.softwareadvice.com/accounting/petrofly-profile/) ### Pricing availability Starting price: Price not available Free trial: Available Free demo: Not available Free version: Not available Software Advice Summary Petrofly is a modern, flexible, and advanced software company that primarily focuses on the Oil and Gas industry. Petrofly offers, but is not limited to, production management, accounting, interest partner management, analytics, optimizations, simulations and customized solutions. With these integrated and connected solutions on a single platform, you will be able to unleash your operation’s full potential in a streamlined fashion. Petrofly takes pride in leveraging modern web and software technology to solve real challenges that companies struggle with. In addition to Petrofly's current solutions, Petrofly also customizes, develops and adapts the Petrofly solution to tackle your exact challenges and fit into your specific needs at a very fair and reasonable price point. Petrolfy's main mission is to assist you in reaching your constructive goals of decrease expenditure, increase efficiency and profit.... [Read more](https://www.softwareadvice.com/accounting/petrofly-profile/) ### Best rated features: Project Management 5.0 Inventory Management 5.0 Chart of Accounts 5.0 Bank Reconciliation 5.0 [See all features](https://www.softwareadvice.com/accounting/petrofly-profile/#key-features) ### Basic Custom Pricing available upon request [See full pricing details](https://www.softwareadvice.com/accounting/petrofly-profile/#pricing-and-plans) --- ### Product: QuickBooks Online Advanced [QuickBooks Online Advanced](https://www.softwareadvice.com/product/49805-QuickBooks-Online/) 4.43 [(1051)](https://www.softwareadvice.com/product/49805-QuickBooks-Online/reviews/) Best for:Popular ### Pricing availability Starting price: $235.00/month Free trial: Available Free demo: Not available Free version: Not available Software Advice Summary QuickBooks Online Advanced is a cloud-based accounting solution that helps small to large enterprises manage expenses, projects, invoices and more. It comes with a centralized dashboard, which enables users to gain insights into business trends and organizational performance using key performance indicators (KPIs). QuickBooks Online Advanced allows administrators to assign tasks to sales representatives, grant access to specific users and collaborate on projects with team members. Users can capture digital copies of receipts and automatically sort transactions based on tax categories, improving financial operations. Additionally, it lets managers create custom estimates, manage recurring payments and export generated reports in various formats. QuickBooks Online Advanced facilitates integration with various third-party applications such as RevenueBooks, Syft Analytics, Freedom Merchants and more. Pricing is available on monthly subscriptions and support is extended via phone, documentation and more.... [Read more](https://www.softwareadvice.com/product/49805-QuickBooks-Online/) ### What users love - Intuitive interface and accessibility - Customizable and detailed reporting - Automated and collaborative accounting ### To take in mind - Slow and inconsistent support experience - Steep learning curve for beginners - Unreliable bank connection issues ### Best rated features: Customizable Dashboard 5.0 Job Management 5.0 ACH Payment Processing 5.0 Revenue Management 5.0 [See all features](https://www.softwareadvice.com/product/49805-QuickBooks-Online/#key-features) ### Advanced $235.00/month Up to 25 users. [See full pricing details](https://www.softwareadvice.com/product/49805-QuickBooks-Online/#pricing-and-plans) --- ### Product: SmartConcil [SmartConcil](https://www.softwareadvice.com/product/521963-SmartConcil/) 4.80 [(5)](https://www.softwareadvice.com/product/521963-SmartConcil/) ### Pricing availability Starting price: $600.00/month Free trial: Not available Free demo: Not available Free version: Not available Software Advice Summary SmartConcil is a web-based platform that helps businesses of all sizes automate financial reconciliation and conduct Big Data analytics. The platform streamlines the reconciliation process by automatically collecting, cleaning and sanitizing all financial data. Key features include real-time fraud detection, financial reporting and customizable rule-based engines. The platform's dashboards allow businesses to monitor financial behavior in real-time and manage cash flow. It also provides manual file upload and reconciliation capabilities, automatic data collection, business rules customization and integration with various financial data formats.... [Read more](https://www.softwareadvice.com/product/521963-SmartConcil/) ### Best rated features: Data Discovery 5.0 Multi-Currency 5.0 Cash Flow Management 5.0 Reporting/Analytics 5.0 [See all features](https://www.softwareadvice.com/product/521963-SmartConcil/#key-features) --- ### Product: DataServ SaaS AP Automation [DataServ SaaS AP Automation](https://www.softwareadvice.com/accounting/dataserv-profile/) 4.53 [(15)](https://www.softwareadvice.com/accounting/dataserv-profile/) ### Pricing availability Starting price: $0.01/month Free trial: Not available Free demo: Not available Free version: Not available Software Advice Summary For over 26 years, DataServ has delivered cloud-based AP automation solutions to mid-sized to global Fortune 500 clients in the wholesale and distribution, manufacturing, healthcare, retail, and financial services industries. DataServ solutions enable accounting departments to remotely standardize processes, eliminate data entry, increase accuracy, and allow teams to focus on higher value tasks. As pioneers of the finance SaaS market, only DataServ can offer a true Digital Mailroom with in-house SaaS OCR, ALL built-in features (not pieced together) over 99% clean data output, Quick Start implementation, and advanced AI learning technology. As experts in the industry, DataServ understands you don’t have the time to wait for a fully customized solution, but your business also cannot function properly with a basic, off-the-shelf solution. That’s why we take our world renowned 80/20 approach to give you the best of both worlds. The first "80%" is our standard software solution that establishes industry standard best practices. Then, we work with you to custom tailor the other "20%" to meet the unique needs of your business. You get the quick deploy of a mass-produced solution and the usability of a custom solution. Integration agnostic, your business can easily tie in DataServ with any financial the platform, such as JD Edwards, NetSuite, Salesforce, and Captiva.... [Read more](https://www.softwareadvice.com/accounting/dataserv-profile/) ### Best rated features: Accounts Payable 4.5 Multi-Currency 4.0 Billing & Invoicing 1.0 [See all features](https://www.softwareadvice.com/accounting/dataserv-profile/#key-features) --- 1 [2](https://www.softwareadvice.com/accounting/reconciliation-comparison/?__ai_markdown=true&page=2)[3](https://www.softwareadvice.com/accounting/reconciliation-comparison/?__ai_markdown=true&page=3) ## Popular Comparisons [ Striven vs Odoo ](https://www.softwareadvice.com/crm/odoo-profile/vs/striven/)[ Sage Intacct vs BILL Spend & Expense ](https://www.softwareadvice.com/accounting/divvy-profile/vs/intacct-accounting/)[ QuickBooks Online Advanced vs Datarails ](https://www.softwareadvice.com/compare/49805-QuickBooks-Online/vs/176278-datarails/) ## Send me a copy of this list to my inbox ### Get a copy of this list with pricing info sent to your inbox so you can pick up where you left off when convenient to you. Accurate accounting is one of the most critical objectives for a business. It provides a realistic snapshot of the company's financial position by summarizing assets and highlighting financial risks. And of course, proper accounting also has implications for regulatory compliance. Reconciliation software verifies that accounting efforts are complete and correct, and that they conform to industry standards and legal requirements. This guide will explain how reconciliation software helps businesses and nonprofit organizations verify transactions and prepare accurate accounting documents, such as balance sheets and income statements. Here's what we'll cover: - [What is reconciliation software?](#Whatisreconciliationsoftware) - [What are common features of reconciliation software?](#Whatarecommonfeaturesofreconciliationsoftware) - [What type of buyer are you?](#Whattypeofbuyerareyou) - [What are the benefits and potential issues reconciliation software?](#Whatarethebenefitsandpotentialissuesreconciliationsoftware) - [What should you consider before purchasing reconciliation software?](#Whatshouldyouconsiderbeforepurchasingreconciliationsoftware) - [What are the market trends of reconciliation software?](#Whatarethemarkettrendsofreconciliationsoftware) ## What is reconciliation software? Reconciliation software automates the account reconciliation process to create accurate, high-quality financial statements. It gives accountants a streamlined way to verify that their balance sheets are correct, appropriate, and compliant. The software receives information from banking institutions and compares it against internal records. Discrepancies are flagged for accountants to review and reconcile. This saves time and improves the accuracy of balance sheets, income statements, and related documents. ## What are common features of reconciliation software? Many reconciliation software platforms are designed to support a specific industry, but most offer the following common features:

Bank reconciliation

Compare accounting and other financial records with corresponding bank statements.

Financial reporting

Generate income statements and balance sheets to gauge performance and financial position.

Document management

Upload, store, and share financial documents in a common location where stakeholders can access them on premise or in the cloud. Secure these documents using industry-standard security features.

ERP integration

Connect reconciliation software with existing enterprise resource planning (ERP) systems through simple application programming interfaces (APIs).

Multiple currencies

Make calculations using various international currency systems. Incorporate past exchange rates for the most realistic financial picture over time.

Data importing and exporting

Exchange information and reports to and from the reconciliation software. Capture accounting data from other applications. Export reconciliation data and reports to other systems.

Exception management

Find, explain, and address financial anomalies that fall outside of expected values.

## What type of buyer are you? Choosing the right reconciliation software solutions starts with identifying what kind of buyer you are. Most buyers fall into one of the following categories: **Small businesses**: Most organizations with fewer than 100 employees are well served by purchasing reconciliation solutions that are part of a larger suite of accounting software. This integrated approach affordably centralizes most accounting processes such as budgeting, forecasting, billing, invoicing, and payroll. **Midsize and growing businesses**: Many growing businesses find they are ready to upgrade their accounting platform to a more advanced solution. One affordable alternative to replacing an entire accounting platform is integrating specialized reconciliation software as a supplement to your existing accounting architecture. This approach provides better compliance tools without the expense of changing all your accounting processes. **Enterprises**: Publicly traded companies and multinational firms often have complex compliance requirements. Best-of-breed reconciliation platforms offer tailor-made solutions to fit these needs. Alternatively, organizations with over 1,000 employees may benefit from a full-featured [accounting](https://www.softwareadvice.com/accounting/) or [financial reporting](https://www.softwareadvice.com/accounting/financial-reporting-comparison/) platform that includes advanced reconciliation tools. Finally, it's worth considering platforms that integrate with enterprise resource planning (ERP) solutions. **Nonprofit organizations**: Nonprofits and not-for-profit organizations must follow strict reporting compliance guidelines. Some reconciliation tools are designed to help. For instance, they can register unusual "income" sources such as gifts of stock or durable assets that are harder to accommodate using standard reconciliation or accounting solutions. ## What are the benefits and potential issues reconciliation software? Reconciliation software is designed to offer the following key benefits over general accounting software: - **Create specialized financial documents**: Export balance sheets and income statements that follow specialized formats based on industry, region, organization type, and many other variables. - **Import real-time data from banking institutions**: Compare company financial records against digital bank statements to spot mistakes, oversights, and irregularities. This feature provides extremely accurate information for superior bank reconciliation reports.> Reconciliation software buyers may encounter the following issues during deployment: - **Changing banks may complicate reconciliation efforts**: Reconciliation software typically imports bank data, but adding or switching financial institutions can delay this process. Finding a platform with good customer service can streamline financial service transitions. - **Setup can be tricky**: Some platforms offer deeper report customization options. This added flexibility is useful, but some reviewers report that the process can be difficult at times. The best ways to overcome this potential obstacle are to select platforms with extensive documentation and support, and to leave your team enough time to set up the software. Overall, buyers seem to agree that the benefits of customized reports are worth the extra effort. ## What should you consider before purchasing reconciliation software? Keep the following considerations in mind while choosing reconciliation software: - **Select reconciliation software that addresses unique industry needs**. For instance, nonprofit organizations may need a way to reconcile grants and donations. Manufacturers may need to report depreciation of fixed assets. If your industry has specialized reconciliation and reporting needs, look for a solution built to accommodate them. - **Companies can deploy reconciliation software using on-premise and cloud-based systems**. Cloud options often have lower up-front costs; however, the costs of both deployment options eventually converge. Also, modern cloud-based systems often offer security that is as good as most on-premise solutions, or better. ## What are the market trends of reconciliation software? The following market trends are influencing the development of reconciliation software: - **The continuing rise of digital payments is increasing the complexity of banking reconciliation**. With so many ways to make and receive payments, many companies are discovering that reconciliation is more complicated now than ever. Modern reconciliation software can accommodate a wider range of revenue and payment channels, which saves accountants lots of manual effort and time. - **Identity theft and banking fraud are becoming more prevalent and sophisticated**. Reconciliation software is another line of defense against theft. Continually comparing bank transactions against known revenue and expenses detects irregularities immediately.