Architects + Bank Reconciliation: The Challenge
As an architect, preparing bank statements for bank reconciliation is a common but time-consuming task. Monthly bank reconciliation requires matching every bank transaction against your accounting records. Working from PDF statements makes this slow and error-prone.
How BankScan AI Helps Architects with Bank Reconciliation
Convert your bank statements to structured spreadsheets to match stage payments against projects, track professional fees, and prepare for your accountant. For bank reconciliation specifically, BankScan AI extracts Every transaction with date, description, and amount; opening and closing balanc automatically.
How Architects Handle Bank Reconciliation
When preparing bank statements for bank reconciliation, architects need to Architects invoice clients at RIBA work stages (concept, developed design, technical design, construction), then reconcile bank statements to verify p. BankScan AI automates the data extraction step.
Key terms you'll encounter: RIBA work stages, stage payment, fee proposal, professional indemnity.
How It Works
Upload bank statement PDFs
Supports all major banks. Upload Monthly, covering one calendar month per reconciliation cycle; year-end reconciliation covers the full 12-month period of statements for bank reconciliation.
AI extracts what you need
Our AI extracts Every transaction with date, description, and amount; openin — formatted for architects workflows.
Complete your bank reconciliation work
Download Excel files ready for bank reconciliation. Transactions in exact chronological order with running balance, matching the bank's own running total; amounts must reconcile to the penny against the nominal ledger
Supported Banks
BankScan AI works with all major UK and US banks, including:
Features for Architects — Bank Reconciliation
- Built for Architects — Saves 1-2 hours per month on project payment tracking and expense allocation across concurrent projects for a typical small practice
- Software compatible — Output works directly with Xero, FreeAgent, Harvest
- Built for Bank Reconciliation — Convert bank statement PDFs to Excel for fast side-by-side reconciliation with your accounting records. Sort by date, filter by amount, and spot discrepancies instantly.
- Key data extracted — Every transaction with date, description, and amount; opening and closing balances; uncleared cheques, pending deposits, and timing differences
Compliance: Architects + Bank Reconciliation
When architects prepare bank statements for bank reconciliation, specific compliance requirements apply.
- ARB (Architects Registration Board) registration is required to practise. Professional indemnity insurance is mandatory and costs must be tracked. RIBA Chartered Practice standards include financial management requirements. CIS may apply when architects act as principal contractors.
- Legal basis: No specific statute, but FRS 102 and Companies Act 2006 require accurate financial records; auditors test bank reconciliations as a core audit procedure under ISA 500
Bank Reconciliation — Built for Architects
Best practice is to reconcile within 5 working days of month-end; delays compound and make year-end reconciliation significantly harder
Try Free — Architects + Bank Reconciliation