Bank reconciliation — match your statement to your books
Import a bank statement CSV and match each line to a recorded payment or expense, so your books agree with your bank and nothing goes unrecorded.
Bank reconciliation is how you check that your books agree with your bank. You import your bank statement, and Finocket lines each statement entry up against the payments and expenses you've already recorded — so you can tick off what matches and catch anything you forgot to enter. It lives under Books & tax → Bank reconciliation.
Import a statement
Download a statement from your bank as a CSV and upload it on the Bank reconciliation screen. Give it a label you'll recognise later, like HDFC ****1234 — Jun 2026. Finocket reads each row into three things: the date, a signed amount (positive for money in, negative for money out) and the narration. It copes with the different column orders and headings banks use, so you don't have to reformat the file first.
Match each line to your books
For every statement line, Finocket suggests the closest entry you've already recorded — a customer payment for a credit, or an expense for a debit — looking a few days either side of the statement date for the same amount. If the suggestion is right, confirm it in one tap and the line is marked reconciled.
Lines with nothing to match against stand out. That's the point: an unmatched credit usually means a receipt you haven't recorded yet, and an unmatched debit a bill you still need to enter. Reconciling is as much about finding the gaps as ticking off the matches.
Who can reconcile
Statements and their lines are owner-scoped. A CA or teammate you've invited can open the reconciliation and see where things stand, but only the account owner can import a statement or confirm a match.
What it doesn't do yet
This is statement-import reconciliation, not a live bank feed. Finocket doesn't connect to your bank to pull transactions automatically — you bring the CSV. Automatic feeds are on the roadmap; for now the CSV round trip keeps you in control of exactly what gets read.
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