Question 1

How does Aleq automate bank reconciliation?

Accepted Answer

Aleq is an AI accounting platform that reconciles bank, card, and payment processor accounts overnight. It matches every transaction line to its source — invoices, bills, payouts — investigates variances, posts the correcting entries with explanations, and works exceptions down to a $0.00 difference before the workday begins. In a representative overnight run, 2,261 lines are matched across four banks and seven accounts, with two items held for human review. Every match shows its reasoning, every entry is logged and reversible, and the bank connection is read-only, so Aleq can never move money. It replaces the manual matching controllers do in QuickBooks or NetSuite, runs on its own double-entry ledger, and is live in 48 hours.

Question 2

What is bank reconciliation software?

Accepted Answer

Bank reconciliation software matches the transactions on your bank statement against the entries in your accounting system, so your books reflect what actually happened to your cash. Traditional tools like QuickBooks bank feeds or BlackLine rely on rules you write and still leave the unmatched lines to a person. Aleq takes it further: an AI accountant matches bank, card, and processor lines to invoices and bills overnight, investigates the discrepancies, posts entries with an explanation, and holds anything uncertain for your review — so reconciliation is finished by morning instead of consuming a controller's month-end.

Question 3

Can AI reconcile bank accounts automatically?

Accepted Answer

Yes. AI can now match bank transactions to invoices, bills, and payouts using amount, timing, and counterparty names — including messy cases rules can't handle, like a processor payout that bundles hundreds of payments and fees. Aleq does this overnight: it matches confirmed patterns on its own, attaches a confidence score and a written reason to every match, and holds anything it isn't sure of — a possible duplicate, a new counterparty — for a human. It never forces a wrong match to reach zero, and every entry it posts is reversible in one click.

Question 4

How do you reconcile Stripe payouts to your bank account?

Accepted Answer

A Stripe payout lands in your bank as one net number, but it's really hundreds of individual payments minus fees — so matching the total isn't enough. Proper reconciliation breaks the payout apart, ties each payment back to the invoice it settled, and codes the fees separately. Aleq does this automatically: it splits each payout, matches every payment to its invoice — for example, 247 individual payments within a single payout — codes the processing fees to bank fees, and reconciles the clearing account to $0.00, with no timing spreadsheet between Stripe and your bank.

Question 5

What is the best bank reconciliation software?

Accepted Answer

It depends on how much of the work you want automated. Rules-based tools like QuickBooks bank feeds suggest matches for simple one-to-one transactions; enterprise platforms like BlackLine manage the reconciliation process but still leave the matching and investigation to your team. Aleq is built for teams that want the work itself done: it reconciles bank, card, and processor accounts overnight, splits processor payouts into individually matched payments, investigates variances and posts explained, reversible entries, and holds only true judgment calls for a human. It connects read-only and is live in 48 hours.

Question 6

How long does it take to implement bank reconciliation software?

Accepted Answer

Enterprise reconciliation tools often take weeks or months to implement because they need rules configured for every match pattern. Aleq is live in 48 hours: it connects to your banks, cards, and payment processors read-only, learns your counterparties from the transactions themselves rather than from rules you write, and starts reconciling overnight. Because the connection is read-only and every entry it posts is logged and reversible, you can watch it run a real month on your books before trusting it with more.

Question 7

Is it safe to connect my bank account to accounting software?

Accepted Answer

With a read-only connection, yes. Aleq connects to your banks read-only: it can see transactions but cannot move a dollar, change a setting, or initiate a payment — it has no payment authority at all. On the accounting side, every entry it posts is logged with its reasoning and reversible in one click, and you choose the supervision mode per task: Manual, Assist, or Auto. That means you can start with Aleq suggesting matches for your approval and only let patterns run alone after they have proven themselves on your books.

Question 8

What happens when a bank reconciliation doesn't match?

Accepted Answer

A difference between the bank and the books usually traces to timing, an unrecorded item, or a duplicate. The manual approach is hours of hunting through statements. Aleq investigates the gap itself: for a $17,488.53 difference, it will identify the causes — say, an unrecorded payroll-tax draft plus a duplicate payout — post the correcting entries with an explanation of each, and bring the account to $0.00. Anything it can't resolve with confidence is held with a written reason for what it found and why it stopped, so the morning review takes minutes rather than hours.

Question 9

How accurate is AI bank reconciliation?

Accepted Answer

Accuracy comes from refusing to guess, not from matching everything. Aleq attaches a confidence score and a plain-English reason to every match — the amount, the timing, the counterparty name — and only posts what clears its bar. In the product's reference example, 410 of 412 lines match automatically and two, such as a suspected duplicate payout, are held for review. Nothing is forced to zero, every posted entry is reversible, and every match you confirm or correct teaches it your counterparties, so the share it clears on its own climbs over time.

Question 10

Does bank reconciliation software replace an accountant?

Accepted Answer

No — it replaces the mechanical part of the job. Aleq does the matching, the variance hunting, and the entry posting overnight; your accountant keeps the judgment calls. Exceptions like a possible duplicate or a new counterparty over $5,000 are held for a person, and you set how much runs alone with per-task supervision modes: Manual, Assist, or Auto. Autonomy is earned — a pattern confirmed hundreds of times runs by itself, while anything new asks first. The controller keeps control of what posts to the books; the mechanical work stops consuming the month-end.

Reconciled to the penny, by morning.

Today: a four-hour truth-finding mission.

It works the exceptions — it doesn't hand them back.

Bank, processor, and clearing — reconciled as one.

Every match shows its reasoning.

Every match is a belief — earned, not a rule you wrote.

What controllers ask first.

Put it on reconciliation first.