What is bank matching? Meaning and explanation

In bank matching, every line on the bank statement is linked to the item it explains: a purchase invoice that was paid, a sales invoice that was received or a direct expense entry. Useful attributes are the amount, the payment reference or invoice number, the counterparty's IBAN, the contact and the date. After the match, the open item can be reconciled (afgeletterd).

For a firm, bank matching is often a separate, time-consuming round next to invoice processing. Unexplained transactions wait until the client provides an explanation, and partial payments, batch payments or credit notes make the manual work harder. As long as the bank does not reconcile, the period cannot be closed properly and receivables and payables are not accurate.

In Autoboeker, bank lines are synchronised automatically from Exact Online, Twinfield or SnelStart and matched on amount, reference, IBAN, contact and date. Every match gets a confidence score; above your threshold, items are reconciled automatically. Partial payments, credit notes, payment arrangements, foreign currencies and PayPal payments are recognised. With no match, the transaction becomes a client question. Bank matching is not available for e-Boekhouden.