Bank reconciliation is how you check your books agree with your bank: upload your bank statement CSV, and Finocket lines each statement entry up against the payments and expenses you've already recorded — you confirm the matches and catch anything you forgot to enter.
What is a bank reconciliation statement (BRS)?
A BRS is the working that explains any difference between your bank balance and your books — entries in one but not yet the other. In Finocket, reconciling is doing that working live: every statement line ends up either matched to a recorded entry or standing out as a gap to fix.
Import a bank statement
- Download a statement from your bank as a CSV.
- Open Banking → Bank reconciliation and upload it.
- Give it a label you'll recognise later, like HDFC ****1234 — Jun 2026.
Finocket reads each row into a date, a signed amount (positive for money in, negative for money out) and the narration — and copes with the different column orders and headings banks use, so you don't reformat the file first.
How matching works
For every statement line, Finocket suggests the closest entry already in your books — a customer payment for a credit, an expense for a debit — looking a few days either side of the statement date for the same amount. If the suggestion is right, Confirm match in one tap and the line marks reconciled. Matched wrongly? Unmatch and pick again.
Lines with nothing to match stand out — and that's the point. An unmatched credit usually means a receipt you haven't recorded yet; an unmatched debit, a bill still to enter. Record the missing entry (press P or E), come back, and match it.
Bank rules — auto-categorise recurring lines
For lines that repeat every month — a Swiggy spend, your office rent, a recurring subscription — set up a bank rule so Finocket recognises them for you. A rule watches for narration text (case-insensitive, e.g. SWIGGY), an optional amount range, and a direction (money in or money out), and when a line matches every condition it suggests an expense category or a specific match.
Crucially, a rule only suggests. It shows a chip on the line with one-tap Accept — which books the categorised expense or links the match through the normal path, fully audited — or Dismiss. Nothing is ever posted silently, and a rule with no conditions matches nothing (so it can never fire on every line). Build a rule in two taps from any unmatched line with ＋ Rule, or manage them on the Workflows screen.
Recording UPI transactions
Record UPI receipts as payments with mode UPI and UPI outgoings as expenses paid by UPI. On the statement they appear as ordinary credits/debits and match the same way — the Cashbook's UPI tab then agrees with your bank.
Access & control
Statements and matches are owner-scoped: the owner imports and confirms. An invited accountant or teammate can open the reconciliation and see where things stand, read-only. Banking is a module — turn it on under Profile → Modules if the screen isn't visible.
Related: Day Book, Cashbook & Outstanding, Payments & TDS.