Bank reconciliation
Accountant · Bookkeeper
“Bank reconciliation” (Accountant) was largely replaced by AI in 2023, after AI entered in 2016.
AI enters
2016
Largely replaced
2023
Replacement progress
100%
Technology / key factor
RPA reconciliation
What this task is
Matching the company's books against bank statements line by line, identifying outstanding items and discrepancies in amounts, and preparing the bank reconciliation statement for the period-end close.
How AI replaces it
From 2016, robotic process automation began downloading bank statements, matching entries by amount and date, and producing the reconciliation automatically. By 2023, line-by-line manual reconciliation was largely replaced.
What stays human
Accountants investigate only the few items the system can't match, checking whether they point to booking errors, timing differences or real cash risks that need attention.