ReconcileIQ vs Reconciler
ReconcileIQ
reconcileiq.com
Reconciler
reconciler.coSide by side
| Figure | ReconcileIQ | Reconciler |
|---|---|---|
| Price from | £5/mo | $2.42/mo |
| Free plan | Yes | — |
| Free trial | Yes | — |
| Open source | — | — |
| Web | Yes | Yes |
| API | Yes | — |
| Plans published | 6 | 4 |
| Spec score · Payment Reconciliation Software | 8.6 (#4) | 7.1 (#19) |
| Company | The about page identifies Jack Whitehead as founder, says ReconcileIQ was founded in April 2025, and says he is based in the United Kingdom. | The site identifies the company as Reconciler and displays © 2026; the pages reviewed do not state its headquarters or founding year. |
| Matching | Its matching engine handles fuzzy descriptions, date variances, and batch payments, with the site claiming throughput above 5,000 transactions per second. | It matches transactions using amount, date, memo, and processor references. |
| Purpose | ReconcileIQ matches bank statements against accounting records, identifies discrepancies, and can push fixes back to accounting software. | Reconciler matches transactions across bank and card statements, payment processors, and ledgers, flags discrepancies, and explains each match. |
| Security | The product page says it uses AES-256 encryption, processes files in isolated environments, deletes them automatically, and is GDPR compliant and ICO registered. | Reconciler says it never asks for a bank login, initiates payments, or sends write requests; connections can be revoked by the user. |
| Support | The Starter plan lists email support, and the about page says the founder usually responds within 24 hours. | Scale includes priority support, while Enterprise includes guided onboarding. |
Plans
ReconcileIQ
- Start FreeFree
- Starter£5 a month
- Accountant£15 a month
- Practice Essential£78 a month
- Practice Pro£158 a month
- Enterprise£398 a month
Reconciler
- Starter$29 a year
- Growth$89 a year
- Scale$239 a year
- Enterprise$599 a year
In their own words
ReconcileIQ
ReconcileIQ helps accountants and business owners reconcile bank statements with accounting records, find discrepancies, and send corrections back to accounting software. Its matching handles fuzzy descriptions, date differences, and batch payments. Invoice matching weighs amount at 60%, description at 35%, and date at 5%, with a 150-day window for late payments. Statements can come from digital PDFs, scans, phone photos, CSV, Excel, OAuth feeds, or custom bank formats. OAuth connections include QuickBooks, Xero, Sage, Pandle, FreeAgent, and YNAB; the first four are listed for posting and the latter two for reading. After reconciliation, users can review results, push corrections, or export PDF and CSV files; API output is also available. ReconcileIQ runs on the web and through an API, either alongside existing accounting software or inside IQ Books. The free plan provides 1,000 one-off credits; paid plans start at £5/mo. The product page describes AES-256 encryption, isolated file processing, automatic deletion, GDPR compliance, and ICO registration.
Reconciler
Reconciler has no write-up on Specifiction yet; its figures are above.