AI bank reconciliation, in your own workbook.
Ask Acquill to reconcile a month and it works through the same steps you would: match the statement in Excel, post what’s missing in QuickBooks Online, and write up anything that doesn’t tie out.
How a reconciliation runs
- You ask: “Reconcile March against the bank statement, post anything missing to QuickBooks, and write up the variances in Word.”
- Acquill shows its plan. You approve it.
- It matches statement lines against the books in your workbook and lists differences.
- It enters missing items, such as a bank fee, in QuickBooks Online, using your existing accounts.
- It drafts a short memo in Word explaining each variance, with figures from the workbook.
Why do it this way
The work stays in your files and your ledger, in the format your firm already reviews. There is no export to a separate reconciliation tool and nothing to connect to your bank or books.
What to check
Review the matches, the posted entries and the memo before you sign off, just as you would for a junior’s work. You can stop the agent or take over at any point.
Questions
Does it work with Xero or other ledgers?
Acquill works in any website or Windows app rather than through a specific integration, so you can ask it to follow the same steps in another ledger. Try it on test data first; it is shown on QuickBooks Online because that is the setup it is demonstrated on.
Does it connect to my bank?
No. It works from the statement you already have, such as a PDF or a downloaded file, and from the books.