Automated Invoice Reconciliation
Stop manually ticking invoices off against your bank statement. FlowParse extracts your invoices and transactions, matches them with AI, and tells you exactly which invoices were paid, unpaid, duplicated or paid at the wrong amount.
What is invoice reconciliation?
Invoice reconciliation is the process of comparing each invoice you issued or received against your bank records to confirm whether — and how — it was paid. Done manually it means opening two spreadsheets and matching rows by hand. FlowParse automates it: it reads the structured data from your invoices and bank statements and matches them on amount, supplier, invoice number and date.
How AI invoice matching works
A deterministic engine scores every candidate transaction against each invoice using four signals — amount (the strongest), supplier name, the invoice number or reference appearing in the payment description, and date proximity. Each match gets a 0–100 confidence score, so an exact amount-and-supplier match scores far higher than a weak amount-only match, and you always know how reliable a match is.
From reconciliation to a clear status
Every invoice is labelled Paid, Unpaid, Duplicate Payment, Partial Payment, Amount Mismatch or Date Mismatch. Unmatched transactions are surfaced too, so you can spot payments that have no invoice. The result is an Invoice Status Report you can act on — chase the unpaid, refund the duplicates, fix the mismatches.