Reconciliation desk for Singapore finance teams

Two statements. One amber line. Close faster.

Name: Reconcilia Cloud
Address: 137 Cecil Street, #05-01, Singapore, 069537, SG
Telephone: +65 6853 4011

Bank feed Amount (SGD)

0001 Customer receipt — PayNow 4,820.00
0002 Supplier payment — GIRO −1,240.50
0003 Card settlement batch 7,102.75

Ledger entries Amount (SGD)

0142 AR — invoice #2214 matched 4,820.00
0143 AP — recurring supplier update −1,240.50
0144 Card clearing — pending split 7,102.75

Most Singapore finance teams close the month the same way: export a bank statement, open the ledger, and start matching line by line at 11pm. Reconcilia Cloud puts both sides on one screen, proposes the matches, and leaves the judgement calls to you.

Start a Reconcilia Cloud trial See the product tour

Product tour

What arrives when you sign in

Your bank feed pulls transactions overnight, so the morning view already holds yesterday's activity. On the left, the statement rows. On the right, the ledger entries waiting to be matched.

Today's convergence

Statement rows pulled: 318
Proposed matches: 286
Held for review: 32

Nothing posts silently. Suggested matches sit in a review queue until someone on your team approves them. You keep the audit trail; the software keeps the arithmetic.

DBS, OCBC, and UOB are the feeds most SMEs start with. Connection setup is a guided step: authorise the feed, choose the accounts, set the date range you want pulled for the first import.

DBS
OCBC
UOB
IRAS

If you hold accounts elsewhere, the same import path accepts statement files, so a supplementary account does not sit outside the reconciliation. One workspace, not three bank portals and a connector.

The reconciliation reel

The lock in the middle

Reconciliation here is one motion repeated: suggested match, review, confirm, next row. The amber spine down the centre of the workspace shows how far the two sides have converged.

A hand lifting a printed bank statement off a matte white laminate desk in a bright home office, cool daylight from the left — Feed arrival

Macro of a matte black ruled ledger page with two ruled columns converging at a single centre rule — Match and lock

An amber folder with a lifting corner lying on a matte white laminate desk in daylight — Exception flagged

Two hands entering figures into a ruled ledger book, a calculator out of focus beside them — GST-ready reporting

Three paper-clipped bundles of bank notes laid in ruled rows on white laminate, faces turned away — Multi-currency matching

A closed ruled ledger book on a laminate desk with an amber pen laid diagonally across the cover — Month close

A partial reconciliation at 6pm is still useful information — it tells you what cleared and what is genuinely outstanding.

Capabilities

Everything you already expect from cloud accounting

Six reconciled positions, one workspace. Everything below comes from the same kept ledger — not a separate spreadsheet per department.

Bank reconciliation Automated bank reconciliation against live feeds from your Singapore bank accounts.
Transaction matching Confidence scoring on amount, date window, reference text, and counterparty — with a documented approval step before anything posts.
Exception handling Splits, bank charges, FX differences, and unmatched references stay in one queue with their own row and reference.
GST-ready reporting Reporting tied to the reconciled ledger, not a separate spreadsheet rebuilt in the last week of the month.
Multi-currency ledger matching Realised and unrealised FX gain and loss tracked per entry, so a currency difference does not land in a rounding account.
Cash management view Across accounts, so you know today's position before you file anything.

GST readiness

Numbers only as good as the ledger underneath them

When transactions are matched and coded, the GST treatment on each line is reviewable at source: which entries carry standard-rated tax, which are zero-rated exports, which are out of scope. Reporting then pulls from that reviewed position.

It does not replace your filing obligations with IRAS, and it is not a substitute for advice on your specific GST situation. What it does is remove the last-week scramble of rebuilding a return from an unreconciled ledger.

Read the GST & IRAS detail

Multi-currency

Without the FX pile-up

If you invoice in USD, pay a supplier in MYR, and keep your books in SGD, the matching has to survive the currency difference. Reconcilia Cloud matches across currencies using the rate on the transaction date, then separates the FX gain or loss so it lands in the right place.

Each matched entry keeps its original currency, its converted amount, and the rate applied. When someone asks in six months why a number moved, the answer is on the entry rather than in an email thread.

See the feature breakdown

Position in the market

How this fits next to other tools

Singapore's market is crowded and automation-led. The names below come up often; the honest difference is where each one stops.

Comparison of common reconciliation tools available to Singapore finance teams
Tool	Where it fits	What it emphasizes
Reconcilia Cloud	Three-person finance teams running reconciliation in-house.	Reconciliation and GST workflow, deeper than a starter bookkeeping tool, without ERP implementation weight.
Xero	Small businesses, general bookkeeping.	Direct connections to DBS, OCBC, and UOB, built for small businesses.
NetSuite Account Reconciliation	Groups with a centralised ERP workspace.	Bank reconciliation alongside credit card matching, intercompany transactions, receivables, payables, and invoice-to-PO matching.
Odoo Accounting	Operations that already run Odoo.	Smart bank reconciliation bundled into a modular operations suite.
HelloBooks	Teams leaning on AI bookkeeping.	Categorisation, bill capture, and retained source evidence on each entry.

Reconcilia Cloud sits deliberately between the SME apps and the ERP suites — deeper reconciliation and GST workflow than a starter bookkeeping tool, without the implementation weight of a full ERP.

Fit

Who this desk is for

It fits an SME with one to three people doing the finance work, holding two to six bank accounts, and filing GST. It fits a finance manager at a growing company who spends the first week of every month matching instead of analysing.

It does not fit a group running intercompany eliminations across twelve entities with procurement-driven invoice-to-PO controls. That is ERP-grade reconciliation work, and we will say so rather than stretch the product.

What happens in week one

01 Connect the first bank feed and import a month of history.
02 Start with the previous month so you compare against a close you already completed by hand.
03 By the end of week one, know two things: how many transactions matched without intervention, and what your real exception categories are.

Exception inbox

Where the manual work actually leaves

The exception queue is the honest measure of a reconciliation tool. A short exception list on a Tuesday means the close will be short on the last working day. A long one means you need to fix the upstream coding, not buy another report.

Row reference Amount (SGD)

E-01 Split payment across two invoices 1,204.00
E-02 Bank charge without a counterpart entry 18.00
E-03 FX difference on a USD supplier payment −42.77
E-04 Reference text did not match the invoice 3,180.00
E-05 Recurring entry coded to the wrong account 560.00
E-06 Payroll transfer reconciled and approved 6,940.00

It does not tell you whether your books are correct; it tells you precisely what is left for a person to decide.

A finance lead's own summary of the desk

Pricing shape

Before you look at the tiers

Plans are monthly subscriptions priced by user count and bank connections, with GST features and support level varying by tier. There is no per-transaction penalty for a busy quarter, which matters if your volume swings.

Desk Core

For a two to three-person finance team running one reconciled workspace.

Bank feeds from DBS, OCBC, and UOB
Transaction matching with confidence scoring
Exception queue and approval step
GST-ready reporting from the reconciled ledger
Email support, business hours SGT

Check plan tiers

Desk Growth

For teams adding multi-currency volume and a second reviewer.

Everything in Core
Multi-currency matching with per-entry FX tracking
Cash management view across all connected accounts
Additional bank connections
Priority support, business hours SGT

Talk to the Singapore team

There is no per-transaction penalty for a busy quarter. The pricing page breaks every tier down side by side so you can match a plan to your team size.

Why here first

Reconciliation is the right place to start

Invoicing tools are pleasant to use and easy to swap. Reconciliation is where the hours go and where the compliance risk sits, because an unreconciled ledger quietly feeds the GST return.

Fixing that layer first makes every downstream report more trustworthy. It also makes the month-end close a scheduled task rather than an endurance event — the reason most teams start here on a monthly subscription rather than buying reconciliation last.

See the reconciliation workflow Review bank connections

Common questions

Straight answers before you start

Five questions that come up most often from Singapore finance teams evaluating reconciliation software.

How much of bank reconciliation can actually be automated?

Feed import, amount matching, and reference matching are automated. Splits, bank charges, FX differences, and miscoded entries still need a person, so the practical question is how short your exception queue is, not whether everything runs itself.

Which Singapore banks connect to the platform?

DBS, OCBC, and UOB are the standard feeds. Accounts at other banks can be brought in through statement import, so they stay inside the same reconciliation.

Does it handle GST filing with IRAS?

It calculates and reports GST from the reconciled ledger and keeps the treatment reviewable at line level. Filing obligations remain yours, and specific GST questions are worth taking to your tax adviser.

Can it reconcile accounts in more than one currency?

Yes. Cross-currency matching uses the transaction-date rate, and FX gain or loss is tracked per entry so the difference does not disappear into a rounding account.

Do you replace our accounting system?

For most SMEs, no. Reconcilia Cloud handles reconciliation, GST-ready reporting, and cash management, and works alongside the ledger you already run.

More detail on bank feeds, GST treatment, and multi-currency matching is on each feature page. If your question is not listed, the Singapore team can answer it directly.

Start here

Put both sides of the month on one screen

Connect a bank feed, import a month of history, and compare the platform's output against a close you already completed by hand. That is the fastest way to know whether your exception queue gets shorter.

Start a Reconcilia Cloud trial Check plan tiers

Singapore team

71 Robinson Road, #14-01
Singapore 068895

+65 6853 4011

[email protected]

Monday to Friday, 9:00 AM – 6:00 PM (SGT)