ReconcileIQ vs UnPay Reconciliation OS

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.

UnPay Reconciliation OS has no write-up on Specifiction yet; its figures are above.