Bank reconciliation is the job everyone puts off until the auditor asks for it: the statement on one screen, the bank ledger on the other, ticking entries one by one. Riko matches your bank statement against the bank ledger in Tally, account by account, and shows you only what doesn't match: receipts nobody has booked, cheques that haven't cleared, entries that sit in Tally but never reached the bank.
Riko pairs each bank entry with its Tally voucher and leaves only the exceptions for you to look at.
Auto-matchingEvery bank ledger in your Tally appears as its own account, so each is reconciled on its own and nothing hides inside a total.
Per bank ledgerUpload the statement as a PDF, CSV or Excel file. PDFs are read on your own device, password-locked ones included, and the password never leaves it.
PDF · CSV · XLSXEach bank ledger in your Tally shows up as its own account. Choose one, and drop in its statement as a PDF, CSV or Excel file.
Each statement line is paired with its voucher in your Tally bank ledger. Matched pairs are set aside, so you never tick them by hand.
Unbooked receipts, uncleared cheques, bank charges and Tally-only entries are listed, each with its date and amount.
Riko can draft the missing entries. Each one waits for approval before it reaches Tally.
Each uploaded statement is listed with how many lines are matched, so you can see which accounts are reconciled and which still have lines to review.
Three bank accounts, a CC limit, and the month closes on Friday.
Each account matched by Riko, with exceptions only. The afternoon of ticking becomes a short list to sort out.
The bank balance and the Tally balance don't agree, and nobody knows why.
The exceptions list shows exactly which entries make up the difference: the receipt nobody booked, the cheque that hasn't cleared.
Audit fieldwork starts and the BRS is three months behind.
Upload each month's statement against the client's live Tally, and see from the statements list which months are done.
It pairs each line on the bank statement with the matching voucher in your Tally bank ledger. The matched pairs step out of the way, so you only look at what's left.
Anything on one side without a match on the other: a receipt in the bank that nobody has booked in Tally, a cheque entered in Tally that hasn't cleared, or a charge the bank took that isn't in your books.
Yes. Each account is reconciled separately, so a mismatch in one account can't hide inside a combined total.
It can draft them, but they reach Tally only after someone approves, the same as every other posting in Riko.
PDF, CSV or Excel (.xlsx), up to 10MB. PDFs are read on your own device, including password-locked ones, and the password never leaves it. CSV and Excel files are read exactly as your bank exports them.
Business and above. Business also includes 3 users and propose → approve.
Bank reconciliation starts on Business, with 3 users and propose → approve.
