Matching is what makes high-volume reconciliations practical. Instead of proving that two balances agree in total, the system pairs each transaction with its counterpart using rules on amount, date and reference. Whatever fails to pair becomes an exception queue. A retailer reconciling thousands of daily card settlements, for example, can't do that by hand; matching rules clear 95% or more automatically and accountants only touch the leftovers.
Common uses include bank-to-ledger matching, credit card settlements, intercompany invoices and payment processor payouts. Good tools allow one-to-many and many-to-many matches and tolerance thresholds for fees and FX. Aging on unmatched items stops old exceptions from hiding.
In software: BlackLine sells Transaction Matching as a dedicated high-volume module. Numeric and FloQast include matching within their reconciliation workflows, aimed at mid-market volumes rather than millions of rows per day.
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