Connecting Your Bank Account
Odoo lets you connect your bank directly or work with uploaded files. Start here:
Accounting → Configuration → Bank Accounts → Create
Choose your bank, currency, journal, and account number. You can also:
- 🌐 Enable direct bank feeds (if supported)
- 🔗 Set payment methods (wire, SEPA, ACH, etc.)
- 📄 Assign default journals and reconciliation models
Importing Bank Statements
If your bank doesn't support direct sync, you can still import transactions easily:
Accounting → Bank → Import Statement
Supported formats:
- 📄 OFX, QIF, CSV, CAMT.053
After upload, transactions appear in your bank journal ready for reconciliation.
Manual Entry of Bank Transactions
You can also manually create entries for deposits, withdrawals, or adjustments:
- 🏦 Go to the bank journal and click "Create"
- Specify partner, amount, and payment type
- Choose the related invoice or account manually
This is useful for one-off entries or corrections.
Auto-Reconciliation and Matching Rules
Odoo 17 has powerful auto-matching tools:
- 🔁 Match bank entries with invoices, bills, and journal items
- ⚙️ Define custom reconciliation models (e.g., bank fees, loan payments)
- 📥 Automatically propose matches on import
You can also enable "smart reconciliation suggestions" based on text, partner name, or reference number.
Manual Matching and Reconciliation
For unmatched transactions, Odoo makes it easy to reconcile manually:
- 🔍 Search and filter available invoices or bills
- 📝 Add manual entries for fees or corrections
- 🔗 Split payments across multiple items
Each match is tracked in the journal for full auditability and reporting.
Bank Reconciliation Reports
Stay on top of bank balances and pending items with built-in reports:
- 📊 Reconciliation summary by account
- 📅 Unmatched transactions by date
- 📁 Reconciliation history and audit trail
These help your finance team close periods faster and catch issues early.
Conclusion
Bank reconciliation in Odoo 17 is fast, accurate, and built for real businesses. Whether you're syncing directly or importing files, you'll always know where your money stands — and be ready for audits and monthly closes with confidence.
Need help automating reconciliation or setting up custom matching rules? Let our accounting experts take care of it.
