MatchIQ
ReconcileIQ · United Kingdom
What it is
ReconcileIQ matches bank statements with accounting records, identifies discrepancies, and can send corrections to connected accounting software. Its matching engine handles fuzzy descriptions, date differences, and batch payments. Invoice-to-payment matching weighs amount, description, and date, with a 150-day window for late payments. Users can supply digital PDFs, scans, phone photos, CSV or Excel files, OAuth feeds, and custom bank formats. Listed OAuth connections include QuickBooks, Xero, Sage, Pandle, FreeAgent, and YNAB; the first four support posting, while the latter two are listed for reading. After reconciliation, users can review results, push corrections, or export PDF and CSV files; API output is also listed. The service is available through web and API, either alongside existing accounting software or inside IQ Books. The free plan provides 1,000 one-off credits, no overage, and one IQ Books organization for cash accounting only. Paid plans start at £5/mo. The product page says files are encrypted, processed in isolated environments, and automatically deleted; it also states GDPR compliance and ICO registration.
For and against
For
- Accepts PDFs, scans, photos, CSV, Excel, and OAuth feeds.
- Matching handles fuzzy descriptions and batch payments.
- Users can review and push corrections to connected software.
- Exports PDF and CSV, with API output also listed.
- Free plan includes 1,000 one-off credits.
Against
- Free plan is limited to cash accounting.
- Free plan covers one IQ Books organization.
- Free credits are one-off, with no overage.
- Paid plans start at £5/mo.
The verdict
ReconcileIQ covers varied statement inputs, discrepancy matching, and correction workflows. Review the free plan's cash-accounting and organization limits when deciding whether it fits your setup.
Who it suits
ReconcileIQ is described for accountants and accounting professionals, and the product page also identifies business owners as users. It may suit organizations seeking to reconcile records alongside existing accounting software or inside IQ Books.
Plans and prices
Start Free
1,000 one-off credits · 1 personal login · 1 IQ Books organisation · no overage
Read 14 Nov 2026 · reconcileiq.com
Starter
5,000 credits/month · 1 personal login · 1 IQ Books organisation
Read 14 Nov 2026 · reconcileiq.com
Accountant
25,000 credits/month · 1 personal login · 5 IQ Books organisations
Read 14 Nov 2026 · reconcileiq.com
Practice Essential
50,000 credits/month · up to 50 client accounts · 10 IQ Books organisations · PrepIQ
Read 14 Nov 2026 · reconcileiq.com
Practice Pro
150,000 credits/month · up to 250 client accounts · 10 IQ Books organisations · PrepIQ
Read 14 Nov 2026 · reconcileiq.com
Enterprise
500,000 credits/month · up to 1,000 client accounts · 10 IQ Books organisations · PrepIQ
Read 14 Nov 2026 · reconcileiq.com
On the record
- API and extensibility
- The product exposes API output and a public MCP connector at https://api.reconcileiq.com/mcp for Claude; no public SDK is listed on the reviewed pages.reconcileiq.com · read 15 Oct 2026
- Bank matching
- Bank-versus-books reconciliation supports fuzzy descriptions, configurable date tolerance, one-to-many and many-to-one matches, confidence scores and exception tagging.reconcileiq.com · read 15 Oct 2026
- Company
- The about page identifies Jack Whitehead as founder, says ReconcileIQ was founded in April 2025, and says he is based in the United Kingdom.reconcileiq.com · read 30 Sep 2026
- Company location
- The company describes itself as a UK software company.reconcileiq.com · read 15 Oct 2026
- Company profile
- Jack Whitehead's LinkedIn profile identifies him in the Greater Cheshire West and Chester area and associates him with The Accountancy Partnership.uk.linkedin.com · read 15 Oct 2026
- Credit metering
- One credit represents a reconciled bank line, two credits a PDF-parsed statement line, four credits a fully coded transaction and 1,000 credits a LedgerIQ analysis.reconcileiq.com · read 15 Oct 2026
- Credit rollover
- Monthly credits refresh each billing cycle and unused monthly credits do not carry over; one-time bonus credits do not expire.reconcileiq.com · read 15 Oct 2026
- Documentation
- The maker provides product guides covering statement imports, mappings, matching exceptions and final reconciliation workflows.reconcileiq.com · read 15 Oct 2026
- Exports
- Completed reconciliations can produce summary, matched-pair and exception outputs in PDF, CSV or Excel.reconcileiq.com · read 15 Oct 2026
- File handling
- The security page says simple conversion or reconciliation uploads are deleted after processing when retention is unnecessary.reconcileiq.com · read 15 Oct 2026
- Founder
- Jack Whitehead is presented as the founder and an AATQB-qualified accountant with more than 10 years in UK accounting.bankreconciler.app · read 15 Oct 2026
- Free access
- The free tier provides 1,000 one-off credits, one personal login and one IQ Books organisation with the full ledger (invoices, bills, stock, projects, fixed assets, accruals and multi-currency, plus VAT returns and MTD Income Tax updates) without requiring a card; emailing invoices and reminders, CIS300 and Companies House filing, the full invoice design studio, no “Sent with IQ Books” footer and extra users come with any paid plan.reconcileiq.com · read 5 Nov 2026
- Input formats
- It accepts CSV, Excel, PDF, OFX, QBO files, scans and phone photographs from any bank.reconcileiq.com · read 15 Oct 2026
- Integration permissions
- QuickBooks, Xero, Sage, Pandle and FreeAgent are described as posting connections, and YNAB as read and write; YNAB connects to MatchIQ only.reconcileiq.com · read 5 Nov 2026
- Integrations
- The listed OAuth integrations are QuickBooks, Xero, Sage, Pandle, FreeAgent and YNAB; the page marks the first five as post and YNAB as read and write.reconcileiq.com · read 5 Nov 2026
- Invoice matching
- Invoice-to-payment matching weights amount, description and date, and includes a 150-day late-payment window.reconcileiq.com · read 15 Oct 2026
- Licence
- The reviewed public pages describe a hosted web service and do not state an open-source licence or self-hosting package.reconcileiq.com · read 15 Oct 2026
- Limit: platform dependency
- YNAB connects to MatchIQ only, not to ReconcileIQ's other tools.reconcileiq.com · read 5 Nov 2026
