Bank reconciliation in "untied"

Fix duplicates, missing transactions, and balance differences from open banking feeds

Open banking makes it easy to bring your bank transactions directly into “untied”. However bank data feeds are perfect (see why).

You want to avoid duplicate transactions, missing items, and balance mismatches. That's why “untied” Pro includes a dedicated Bank Reconciliation tool to help you keep everything accurate for your tax records.

This guide walks you through how to use it in "untied" Pro in the browser.

Video walkthrough

Why use bank reconciliation?

Bank reconciliation in “untied” helps you:

• Confirm your opening balance at the start of the tax year
• Identify and remove duplicate transactions
• Spot and add missing transactions
• Check that the running balance matches your bank statement
• Review discarded transactions at any time

Where to find bank reconciliation in “untied” Pro

• Go to the Transactions tab in “untied” Pro in the browser
• In the top-right corner, open the three‑line hamburger menu.
• Select Bank Reconciliation

Using the bank reconciliation tool

Step 1: Choose an account and set the opening balance

When the reconciliation page opens:

• Choose the bank account you want to reconcile
• Enter your opening balance at the start of the tax year

“untied” will then calculate the balance after each transaction, which appears in a dedicated column.

When multiple transactions occur on the same day:

• The first entry is shown in plain text
• The final entry for that day is shown in bold (your bank statement may show them in a different order)

Step 2: Identify and remove duplicate transactions

“untied” automatically flags potential duplicates.

To resolve this:

• Check your actual bank statement
• If only one payment exists, tap the trash can icon to discard the duplicate

You can view discarded items anytime:

• Toggle Include discarded at the top of the screen
• This shows everything you’ve deleted — including earlier in the year — so you always have a complete bank history if you need it

Step 3: Fix discrepancies by matching to your bank statement

You don’t have to check every transaction individually. You can reconcile over a period, such as matching your “untied” balance to the end of a month.

• Look at the closing balance on your bank statement
• Enter that balance into the reconciliation tool (we call this a Balance Anchor)
• If there's a difference, “untied” will show the discrepancy amount.

Step 4: Adding missing transactions

If you identify a missing item:

• Add the transaction by tapping on the plus next to the line with the discrepancy (you can amend the amount and date as necessary)
• It will appear in your feed
• Check that the running balance now matches the expected amount

And that’s it - your bank transaction history is reconciled in “untied”