Automated Bank
Statement Matcher.
Import HDFC, ICICI, SBI, and Axis bank statements. Match UTR entries, payment gateway payouts, and ledgers in minutes.
HDFC Current Account Reconciliation
Statement File: HDFC_July_2026.csv
UTR: 420519842100 (Razorpay Payout)
Matched with Sales Batch #894
NEFT: Vendor Raw Pack Payment
Matched with Purchase Bill #PB-441
FINANCIAL RECONCILIATION
Bank Reconciliation Features
CSV / OFX Statement Import
Upload electronic bank statements from all major Indian public and private banks.
UTR & Reference Auto Matcher
Instantly match bank entries with ERP payment vouchers by UTR number.
Payment Gateway Settlement Matcher
Reconcile daily Paytm, Pinelabs, and Razorpay gross sales minus fee deposits.
1-Click Unrecorded Voucher Creation
Convert bank interest credits and SMS service charges into ledgers with 1 click.
Un-cleared Cheque Tracking
Monitor pending deposits and un-presented supplier cheques with age analysis.
BRS Audit Report Generator
Generate Bank Reconciliation Statements (BRS) ready for CA and GST audits.
What is bank reconciliation software?
Bank reconciliation software compares bank statement transaction lines (credits and debits recorded by your bank) with the cash/bank books recorded in your business ERP. The software identifies matching entries based on date, amount, reference numbers (UTR / Cheque number), and flags variances caused by bank charges, pending deposits, or unrecorded expenses.
Manual spreadsheet reconciliation vs T7 Automated Bank Reconciliation
Compare hours of manual Excel lookup against automated multi-rule bank statement matching.
| Reconciliation Step | Manual Excel Spreadsheet Lookup | T7 ERP Automated Reconciliation |
|---|---|---|
| Statement Upload | Copy-pasting CSV rows into spreadsheets manually | Direct 1-click import of ICICI, HDFC, SBI, Axis CSV/OFX statement files |
| Matching Engine | Eye-balling transaction lines against bank vouchers | Automated multi-criteria matching (UTR, Amount, Date tolerance rules) |
| UPI & Card Settlements | Tedious task of splitting bulk gateway payouts into individual bills | Automated payment gateway settlement breakdown & fee posting |
| Audit Readiness | Prone to missed bank charges, un-deposited cheques, or duplicates | Clear audit trail of matched, partial, and un-reconciled vouchers |
| Month-End Closure | Takes 3–5 days per account to close monthly books | Reconcile daily in under 10 minutes per bank account |
What to look for in bank reconciliation software
Critical capabilities required for accurate Indian business accounting.
UPI & Payment Gateway Reconciliation
Ensure system can reconcile net payout deposits against gross retail bill sales minus gateway commission.
Multi-Bank Account Support
Ability to handle unlimited current accounts, CC/OD accounts, and wallet accounts.
Security & Permission Controls
Restrict bank reconciliation locks and voucher edits to authorized finance managers.
GST Ledger Alignment
Ensure reconciled receipts match GSTR-1 and bank trail for compliance audits.
Is T7 bank reconciliation right for your company?
Good fit when
- ✓ Retailers and distributors processing hundreds of daily UPI and card transactions
- ✓ Businesses with multiple bank accounts, OD limits, and payment gateway settlements
- ✓ Finance teams wanting to reduce month-end accounting closure time
Confirm before choosing
- • Ensuring bank vouchers in ERP include clean UTR/Ref numbers during entry
- • Regularity of importing bank statements (daily or weekly vs annual backlog)
OUR CLIENTS
Trusted by Leading Businesses
Businesses across industries trust T7 ERP to power their operations every day.
Simplify Month-End Accounting Audits
Automate bank statement reconciliation across all your accounts.
Request Accounting DemoFREQUENTLY ASKED QUESTIONS