Bank reconciliation

The bank reconciliation must be performed by all capital companies, regardless of the type of company involved, in order to comply with the obligations of the Tax Agency and to file the annual accounts and taxes correctly.
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However, it is not mandatory in the case of the self-employed, since most of them do not have to submit annual accounts. In any case, it is highly recommended for these professionals, since it allows to detect and solve discrepancies between invoicing and bank movements.

In Quipu, bank transactions can be reconciled automatically or manually.
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Automatic:
The software suggests reconciliations by analyzing the similarities between movements and invoices or tickets, such as amount, concept or invoice number. You will only have to accept the proposed reconciliation to register it.

Manual:
1. Select the bank movement you wish to reconcile.
2. Identify and select the invoice or ticket that corresponds to it.
3. Accept the conciliation.

The number of bank accounts you can synchronize in Quipu depends on the plan you are subscribed to.
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The Solution plan includes 3 bank accounts and the Business plan includes up to 10 accounts.
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However, there is an option to add more accounts to these plans for an extra €2/account.