# Reckon introduces link to bank data to help small businesses streamline the reconciliation process 
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2016-10-06
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Reckon One Introduces Bank Data Function for Automated
Meta Description: Introducing the new Bank Data function by Reckon Software for seamless bank reconciliation, real-time financial insights, and automated transaction entry.
URL: https://financedigest.com/reckon-introduces-link-to-bank-data-to-help-small-businesses-streamline-the-reconciliation-processhtml

![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/apps-article-image-1736844466856-compressed.jpg)

Reckon Software, the UK arm of the Reckon Group and a leading global provider of software solutions for accountants, and small to medium sized businesses, announced today the introduction of a Bank Data function for its online accounting software program, Reckon One. The aim is to reduce the time and effort required to run a business and eliminate the manual input of bank and credit card transactions with an automatic bank feed.

The new Bank Data function streamlines the reconciliation process by providing a connection to a range of High Street banks so that the latest banking and credit card transactions are imported directly into the Reckon One account where they are presented on screen. This simple to use module reduces the tedious task of manual [data input by automating transaction entry and bank](https://www.financedigest.com/banks-struggle-to-harness-big-data.html "BANKS STRUGGLE TO HARNESS BIG DATA") reconciliation. It reduces the risk of errors and gives the [business](https://www.financedigest.com/the-four-pillars-of-data-integrity-what-finance-businesses-need-to-know.html "The four pillars of data integrity: what finance businesses need to know") owner a fast and visual update on financial position in real-time.

Transactions are shown on a month-by-month basis for ease of reconciliation and once the chosen processing / reconciliation rules are applied, the month can be locked down in readiness for year-end. In line with the Reckon approach to provide powerful yet affordable accounting software for [small businesses](https://www.financedigest.com/small-businesses-and-scams-what-you-need-to-know.html "Small businesses and scams: What you need to know") that want to step into the Cloud, Bank Data costs just £2 per month. It has the [potential to transform the small business’s](https://www.financedigest.com/small-businesses-run-out-of-cash-before-they-run-out-of-potential.html "Small businesses run out of cash before they run out of potential") ability to monitor its’ financial position with live information that is always up-to-date.

Mark Woolley, Director, Reckon Software says: “The new Bank Data module provides an [important](https://www.financedigest.com/the-importance-and-growth-of-banking-ecosystems-to-create-superior-customer-experiences-and-value.html "The importance and growth of banking ecosystems to create superior customer experiences and value") direct link between a business and its bank and makes reconciliation faster and more accurate. The ability to view and analyse bank information in real-time gives businesses a real edge.”


---
This blog is powered by Superblog. Visit https://superblog.ai to know more.
---