Bank reconciliation
Bank reconciliation, done every month
Closio reads your bank statement and matches every receipt and payment to the invoice or bill it settles. Bank charges, salaries and tax payments are sorted too. Anything it can't be sure about is held for you, never guessed.
- 02 SepNEFT VASANT FAC+₹3,54,000→ INV-0912
- 05 SepIMPS ASTER RELAY−₹2,94,880→ BILL-A-118 · TDS deducted
- 09 SepRTGS NIRMAL GRP+₹6,10,500→ INV-0904 + INV-0907
- 12 SepSMS CHG Q2−₹59Bank charges
- 18 SepUPI 88213+₹18,000On hold: no evidence
5 lines · 3 matched · 1 sorted · 1 for you
Matching
Every receipt and payment matched to its invoice or bill
Closio matches each bank line to the invoice or bill it settles, including payments with TDS deducted, one payment covering several invoices, and part payments. An invoice can only be settled once, so nothing is counted twice.
On our benchmark company in September 2026: 80 of 80 receipts matched, and none matched to the wrong invoice.
Exact amount
- INV-0912₹3,54,000
Received₹3,54,000
TDS deducted
- INV-0931₹3,00,000
- 2% TDS kept by the customer−₹6,000
Received₹2,94,000
Several invoices
- INV-0904₹4,20,000
- INV-0907₹1,90,500
Received₹6,10,500
Part payment
- INV-0915₹3,00,000
- Left open on the invoice−₹1,50,000
Received₹1,50,000
Evidence
Matched on evidence, never on a guess
Closio links a bank line to an invoice only when there is evidence: the party's name in the bank narration, the invoice number, or a single open invoice for exactly that amount. If none of these hold, the line is put on hold for you instead of being forced onto an invoice.
- 1The party's name is in the narration
NEFT VASANT FAC→ Vasant Facility Care - 2The invoice number is in the narration
IMPS/INV-0912/PRISM→ INV-0912 - 3Only one open invoice has exactly that amount
₹18,450 received→ INV-0920 for ₹18,450 - ✕None of these?
Put on hold for you, with what Closio found.
Everything else
Bank charges, salaries and tax payments sorted too
Lines that aren't invoice payments are sorted by type, such as bank charges, salaries, GST and TDS payments, loan EMIs and bounced payments, so you only look at the few that need a decision.
September lines that weren't invoice payments, by type
Bank reconciliation statement
What is a bank reconciliation statement?
A bank reconciliation statement explains why the balance in your books differs from the balance on your bank statement, usually because of cheques not yet cleared and deposits not yet credited. Closio prepares it every month and flags real errors, such as an entry booked for the wrong amount.
Balance in your books₹48,20,000
Cheques issued, not yet cleared+ ₹1,35,000
Deposits not yet credited− ₹80,000
Balance on your bank statement₹48,75,000
✓ Agrees with the bank
Bank reconciliation questions
Which bank statements does Closio read?
The statement you download from your bank's net banking as a spreadsheet (CSV), for current and savings accounts. Each account is matched separately.
How does Closio know which invoice a payment is for?
From the party's name in the bank narration, the invoice number, or a single open invoice for exactly that amount. If none of these fit, the line is put on hold for you instead of being guessed.
What if my customer deducted TDS before paying?
Closio recognises payments that are short by the usual TDS rates of 1%, 2% or 10%, matches them to the invoice and shows how much TDS was deducted.
Can one payment cover several invoices?
Yes. Closio matches a payment to the open invoices from that party that add up to it, and handles part payments by leaving the rest of the invoice open.
What happens to bank charges, salaries and tax payments?
They are sorted by type, such as bank charges, salaries, GST and TDS payments, loan EMIs, card payments and bounced payments, so you don't have to look at each one.
What is a bank reconciliation statement?
It explains why your books and your bank statement show different balances, usually because of cheques not yet cleared and deposits not yet credited. Closio prepares it every month and flags real errors, like an entry booked for the wrong amount.
See your bank statement matched on your own books.
Bring one month's bank statement and your open invoices. We'll show you the result in a 30-minute demo.