AI-native general ledger Digits said on Nov. 10 that it now provides completely automated bank statement reconciliations with the launch of its AI Bank Reconciliations offering.
Starting today, the San Francisco-based company’s Agentic General Ledger will automatically reconcile bank statements, ensuring balance sheet accounts tie out while surfacing any anomalies for review.
Accountants and business owners can simply drag and drop their bank statement PDFs onto Digits, and the AGL handles the rest—from document extraction, to matching, to verification—the company said on Monday.
AI reconciliations give firms and finance teams their own AI agent, which:
- Ingests bank feeds, bank statements, and ledger data.
- Automatically matches transactions and finalizes reconciliations, without rules to configure or maintain.
- Runs continuously, so by the time a firm is ready to close, most of the work is already done.
Recommended Articles
Instead of manually identifying transaction matches and ticking boxes, accounting firms are presented with a clean reconciliation status and a short, prioritized list of exceptions to review, cutting the month-end close process by hours per client, every single month.
Behind every “auto-reconciled” badge is a complex system of AI data extraction, logic checks, and heuristics to ensure accuracy, Digits said.
After months of design, testing, and refinement, the AI Bank Reconciliations feature is delivering:
- 75% less time spent on reconciliations.
- Faster, more accurate month-end closes.
- A shift from manual preparation to confident review.
“Among the most tedious tasks for accounting firms are bank reconciliations,” Jeff Seibert, founder and CEO of Digits, said in a statement. “Now Digits AGL can do the time-consuming but important work of catching duplicates, detecting missing transactions, and distinguishing a true mismatch from a sync delay so accountants can focus on advising clients while having a faster, more accurate month-end close. This is exactly the type of work AI agents are meant to do.”
AI Bank Reconciliations is available today for all accounting firms on Digits. More information is available here.
Thanks for reading CPA Practice Advisor!
Subscribe Already registered? Log In
Need more information? Read the FAQs
