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Reconciliation

Bank feed

A bank feed imports transaction data from a financial institution into accounting software.

Reviewed by the Booksmrt bookkeeping teamLast reviewed 2026-07-27

How it works in the books

The feed reduces manual entry but does not determine whether a transaction is duplicated, correctly categorized, supported, or missing. It is an input to bookkeeping, not the completed control.

Example

A credit card payment may appear in both the bank and card feeds; the bookkeeper must match the transfer rather than record two expenses.

What can go wrong

Feed interruptions, duplicate imports, and incomplete historical ranges can leave the books wrong even when the current connection says it is healthy.

Compare Bank feed

Bank feed vs. bank reconciliationA bank feed is a data connection; a bank reconciliation is a control. Imported transactions can be missing, duplicated, or misclassified, so a healthy feed never replaces statement-based reconciliation.

Sources

Educational information only. Booksmrt provides bookkeeping services, not tax, legal, audit, or investment advice. Confirm material accounting and tax decisions with the appropriate professional.