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AutoReconcile

Books that reconcile themselves.

NuPay matches every bank transaction to an invoice, payment or expense as it arrives, then keeps the bank and the books in step. No ticking off statements line by line, and no hunting for the difference.

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  • Transactions matched and reconciled as they arrive
  • Bank balance and book balance side by side
  • Anything unclear flagged for review, never guessed
Where the data comes from

Three ways in. One reconciliation.

NuPay matches and reconciles your payments via the bank feed, imported statements and its API link to the payment gateway.

The difference

Reconciliation without the detective work

By hand

  • Export the bank statement and print the ledger
  • Tick off transactions one line at a time
  • Guess who a deposit with no name belongs to
  • Hunt for the difference when it doesn’t balance

With AutoReconcile

  • Transactions arrive in NuPay automatically
  • Each one is matched to its invoice, payment or expense
  • Unclear items are queued with suggestions
  • Bank and book balances are compared for you
Line by line

Every line on the statement, accounted for

Money in is matched to students and invoices. Money out is categorised to the right account.

  • Deposits are matched to the student and invoice they pay for.
  • Expenses are allocated to the right expense account and department.
  • Every reconciled transaction posts to the ledger automatically.
  • Anything NuPay isn’t sure about waits for your bursar to confirm.
Close with confidence

Automatic doesn’t mean out of your hands

FAQs

What is AutoReconcile?

AutoReconcile is how NuPay keeps the bank and the books in step. It matches each bank transaction to the invoice, payment or expense it belongs to and reconciles it, so nobody has to tick off statements by hand.

Where do the transactions come from?

Three ways. Bank transactions come in through the live bank feed or an imported statement. Online payments come through NuPay’s API integration with the payment gateway, which tells NuPay the moment a payment succeeds and which invoice it was for.

What happens when a transaction doesn’t match?

It is queued for review with suggestions, so your bursar can confirm the right student, invoice or expense account. Nothing is guessed.

Is there a record of what was reconciled?

Yes. Every invoice, payment and change is recorded in the audit trail, with who did it and when.

Does NuPay hold the school’s money to do this?

No. The money stays in the school’s own bank account. NuPay reads the transactions to match, allocate and reconcile them, and never holds the school’s funds.

Let the books balance themselves

See NuPay reconcile a real bank account, from the first transaction to a balanced month.

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