In today’s business world, the month-close needs to be faster, smarter and more reliable.
Yet, most teams still rely on spreadsheets, emails and manual workarounds that add risk, delay and inefficiency. Aico removes these problems. The hyper-configurable account reconciliation module enables one‑click automation of balance and line‑item reconciliations, supports workflows with templates and approval tracking and prioritises current accounts and the carrying forward of prior-period context.
From instant ERP updates that keep every balance current, to automatic clearance of low-risk accounts, to in-system journal entries that resolve discrepancies on the spot. With these capabilities, Aico moves reconciliation beyond a manual chore and into the realm of strategic finance.
Real-Time Accuracy, Strategic Control
With Aico, finance leaders get instant visibility of reconciliations across the business, confident that every figure reflects the latest ERP data. Automation removes low-value work, enabling teams to focus on exceptions and insights that drive better decisions.
- Different Types of Reconciliations and Live ERP Connection
When journals are only validated after submission, rework and delays become unavoidable. Aico changes that by validating entries during preparation, checking fields like accounts and cost centres against live ERP data. Errors are caught instantly, saving time and reducing the risk of failed approvals and late adjustments.
Aico supports balance-managed, open-item-managed and sub-ledger reconciliations in one system. Balance-managed reconciliations confirm account totals at period end. Open-item-managed reconciliations track and clear transactions until they are resolved. Sub-ledger reconciliations match subsidiary ledgers to the general ledger, exposing discrepancies immediately.
With a live ERP connection, these reconciliations update the moment data changes. If a posting, clearing or adjustment happens in the ERP, the reconciliation view refreshes automatically. This means no waiting for batch jobs or manual uploads — the numbers on screen are always current.
In summary:
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Supports all reconciliations, including balance-managed, open-item-managed, group-managed and sub-ledger reconciliations and unique company set-ups
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Live ERP link gives instant updates
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Always reflects the latest financial position
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Making the Accountant’s Work Easier with Auto-Reconciliation
Many accounts are accurate month after month but still take time to check. Aico’s auto-reconciliation applies rules to clear these accounts automatically. Once the conditions are met, the account is marked complete without manual review.
This removes low-value work from the close process. Accountants can focus on exceptions and complex cases instead of re-checking what is already correct. The result is a faster close and less repetitive checking.
In summary:
- Clears low-risk accounts automatically
- Removes repetitive checking
- Frees up time for higher-value work
- Linking Reconciliation to Journal Entries
Reconciliation in Aico links directly to journal entry creation. If a discrepancy is found in a line-item reconciliation, a journal can be created from that item without leaving the screen.
The journal is posted straight to the ERP. The reconciliation can then be refreshed immediately to show the updated account balance. This creates a complete loop: finding the issue, posting the correction and seeing the result, all in one place.
In summary:
- Create and post journals from within reconciliation
- Refresh instantly to confirm the fix
- Keeps the process in one system without delays
Find out how Aico can support your financial close process: