Automated Credit Card Reconciliation Software

Credit card reconciliation software automatically compares credit card transactions with card statements, bank records, expense reports, invoices, and accounting entries. It helps businesses identify matched transactions, missing records, duplicate entries, incorrect amounts, and other discrepancies.

Credit card reconciliation software imports data from credit card providers, banks, ERP systems, accounting platforms, and expense management tools. It compares records using matching rules based on transaction amount, date, merchant name, reference number, invoice ID, and payment status, then flags exceptions for review.

Credit card reconciliation is important because it ensures that business expenses, payments, refunds, fees, and adjustments are accurately recorded. It helps reduce accounting errors, prevent duplicate entries, identify missing transactions, improve reporting accuracy, and support audit readiness.

Yes. Automated credit card reconciliation software reduces the need to manually compare card statements, spreadsheets, and accounting records. It can match high volumes of transactions automatically, highlight discrepancies, and allow finance teams to focus only on exceptions that need attention.

Credit card reconciliation software can reconcile card purchases, employee expenses, merchant payments, refunds, reversals, chargebacks, processing fees, interest charges, foreign currency transactions, settlement entries, and general ledger records, depending on the available data sources and integrations.

Kosh.ai supports configurable matching rules based on transaction amount, transaction date, merchant name, card reference number, invoice number, employee ID, payment status, bank reference, and account details. It can support one-to-one, one-to-many, many-to-one, and many-to-many matching scenarios.

Kosh.ai identifies unmatched, partially matched, duplicate, and suspicious credit card transactions in an exception queue. Finance teams can review the underlying records, add comments, assign tasks, make authorized adjustments, and track the resolution status of each exception.

Kosh.ai is built to integrate with internal and external financial data sources, including credit card statements, banks, ERP systems, accounting platforms, expense management tools, payment gateways, and spreadsheets. Available integrations may vary based on business systems and implementation requirements.