Simplify your bank reconciliation with bank feeds
Simply connect your bank account inside our accounting software and watch your bank feed automatically import bank transactions in real time – no manual data entry required.
Bank reconciliation software with real-time bank feeds
Bank Feeds
Smart reconciliation
Secure bank feeds
Live bank transactions
Connect your bank accounts in minutes
Connect bank accounts, credit cards and financial institutions via Open Banking or a direct bank feed. With support for over 100 Australian banks and account types, transactions flow directly into Reckon One, giving you an up-to-date view of your cash flow.
Match and reconcile transactions faster
Process multiple transactions at once, split payments and manage recurring credit card charges across different accounts. Automatic transaction categorisation learns from your activity over time, so bank reconciliation gets faster, more accurate and less manual every week.
Keep your financial data protected
Bank transactions flow into Reckon One through encrypted connections via online banking integrations. Whether you’re managing bank accounts or credit cards, your financial information stays protected while remaining accessible whenever you need it.
See transactions as they happen
Real-time bank feeds mean transactions update instantly, so you can reconcile quickly, reduce manual data entry and always have a clear view of your cash flow.
Plans that fit your business needs and your pocket
30-Day free trial
Cancel anytime
Unlimited users
† Free data migration offer includes 1 year of historical data + YTD only. Paid subscriptions only.
Helping thousands of businesses with their accounting
What are the benefits of bank reconciliation?
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Save time: Automatic bank feeds reduce reconciliation from an hour to under 10 minutes by removing repetitive data entry and manual checks.
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Stay on top of cash flow: Reconcile bank accounts, credit card accounts, and imported bank transactions quickly for a complete financial picture inside your accounting software.
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Prevent errors and fraud: Regularly checking bank transaction data against your bank statements helps you catch mistakes, unauthorised credit card charges, or discrepancies early.
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Track unpaid invoices: Ensure your records match your bank account balances so your business stays on track and maintains healthy cash flow.
Frequently asked questions
How does the 30-day free trial work?
The Reckon One free trial allows you to try our basic accounting software for a period of 30 days to ensure it meets the needs of your business. After this period, your subscription will automatically convert to a paid one to avoid any interruptions to your data. However, if you find that Reckon One small business accounting software is not suitable for your needs, you can cancel your subscription before the billing renewal date and your credit card won't be charged.
If life got in the way and you weren’t able to use your trial, no worries! Just give our friendly support team a shout and we’ll see if we can get you up and running again.
How do I set up a bank feed?
Reckon supports three methods to connect your bank account:
1. Open Banking – secure, government-backed access to your financial data
2. Direct bank feeds – connect directly with major Australian banks
3. Yodlee Inc. – a third-party banking integration
Once the setup process is complete, all bank transactions flow automatically into Reckon. You’ll just need your account number and login details. How to add an open banking feed >
Direct feeds are available for: ANZ, Bank of Melbourne, Bank of Queensland, Bank of SA, Bendigo Bank, CBA, Heritage Bank, NAB, PayPal, St George, and Westpac. Learn more here.
What is open banking?
Open Banking is part of the government’s Consumer Data Right. It provides a secure, standardised way to share your bank transactions. Compared to other methods like direct feeds or screen scraping, it’s safer and faster.
Benefits include:
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More data from more banks
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Secure access to your bank accounts
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One consent process covering all banks
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Immediate daily updates
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Historical transaction data back to 2017
Reckon partners with SISS Data Services, a leading provider of secure financial data.
What are the benefits of bank reconciliations?
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Save time: Automated bank feeds cut reconciliation time dramatically.
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Accurate records: Match your accounting data with your bank account and credit card statements.
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Catch issues early: Spot errors, fraud, and bank fees before they hurt your business.
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Stay compliant: Reliable records make reporting easier.
How do I switch from another software to Reckon One?
Making the switch to Reckon One is a breeze with our data migration service! Here’s how it works:
- Fill out our data migration form.
- Sit back and relax while we handle the migration process.
- In just 3 to 5 business days, we’ll reach out to you to review your migrated data.
- Once you’re happy with your migrated information, we’ll transfer ownership of your files to you.
- Start using Reckon with your bank feeds ready to go.
You can find more information here.
Is my data secure?
Yes. We use bank-level security and encrypted connections. Reckon One is hosted on secure Australian AWS servers, ensuring your bank accounts, credit cards, and all bank transactions remain safe.
See our data security page for more information.
Can I grant access to other people?
Yes, invite colleagues, bookkeepers, or accountants to manage bank feeds and reconcile bank transactions with you. And the best part is, you can do it regardless of which plan you’re on. Simply invite users and assign the appropriate permissions, so they can help you manage your business.
Can I change my software plan later on?
Definitely! Reckon One offers you the flexibility to change your plan to fit the unique needs of your business. Whether it’s downgrading or upgrading, you can easily make these changes right from your Reckon account.
Do you provide customer support?
We offer email, chat, and phone support, plus webinars, guides, and the Reckon Community to help you save time and get the most out of your bank feeds.
Is there a minimum subscription period?
No lock-ins. Enjoy flexible, month-to-month access to our basic accounting software for small business.
Add more to your accounting software
Our add on marketplace is full of third-party app integrations that extend the power of your accounting software.
Try our automatic bank feeds and reconciliation tools today – free for 30 days!
Unlimited users. Cancel anytime.
