AI EMPLOYEES
Automate bank reconciliation with agentic AI
Automatically reconcile bank statements with accounting records. Achieve 95% reconciliation accuracy while saving 20+ hours monthly with your AI employee.
Bank reconciliation
Finance
12,039
Running
95%
Reconciliation Accuracy
Human employees shouldn't be doing manual reconciliation...
Time-Consuming Manual Matching
Your team spends hours manually matching bank transactions to accounting entries, one line at a time.
20-40 hours monthly per account
Reconciliation Errors & Discrepancies
Manual processes lead to missed transactions, matching errors, and unexplained differences that take days to resolve.
15% average error rate in manual reconciliation
Month-End Bottlenecks
Reconciliation delays push back month-end close, creating stress for your accounting team and delaying financial reporting.
3-5 day delay on average
Use agentic AI to automate your bank reconciliation 24/7
Automatically import bank transactions
Magical connects directly to your bank accounts and automatically imports transactions daily, eliminating manual downloads and data entry.
Magical uses AI to match bank transactions with accounting entries based on amounts, dates, descriptions, and patterns—learning from your historical data to improve accuracy over time.
Magical automatically flags unmatched transactions, suggests GL account codes based on transaction patterns, and categorizes discrepancies for efficient review.
Magical produces complete reconciliation reports with matched transactions, outstanding items, and variance analysis—ready for review and approval in seconds.
Step 1: Book a demo
See Magical in action and scope out your current bank reconciliation processes for automation.
Measurable results for your month-end close
95%
Reconciliation Accuracy
Eliminate manual matching errors with AI-powered transaction recognition
90%
Time Savings
Reduce reconciliation time from hours to minutes per account
24/7
Continuous Reconciliation
Stay reconciled daily instead of waiting for month-end
100%
Audit Trail
Complete documentation of all matches and adjustments for compliance
What accounting teams are saying
Magical has completely transformed our month-end close process. Bank reconciliation used to take our team 3-4 days across all accounts. Now it's done automatically every night, and we just review exceptions. We've cut our close time by nearly a week.
The AI matching is incredibly accurate. Magical learns our transaction patterns and now automatically categorizes 95% of our transactions correctly. Our team can focus on investigating true discrepancies instead of mindless data entry.
Security & compliance
HIPAA compliant
Magical processes all data locally with zero PHI storage
SOC 2 Type II certified
Enterprise-grade security with regular third-party audits
Secure Authentication
Single Sign-On (SSO) and multi-factor authentication options
Ready to transform your bank reconciliation process?
How does Magical connect to my bank accounts?
Magical uses secure, read-only bank connections through industry-standard APIs. We support all major banks and financial institutions with bank-level encryption for all data transfers.
What if Magical can't match a transaction automatically?
Magical flags unmatched transactions for human review and suggests potential matches based on similar historical transactions. You can approve matches with one click, and Magical learns from your decisions to improve future accuracy.
Can Magical handle multiple bank accounts and currencies?
Yes, Magical can reconcile unlimited bank accounts across multiple entities and currencies. It automatically handles foreign exchange differences and multi-currency transactions.
How does Magical integrate with my accounting system?
Magical works with all major accounting platforms including QuickBooks, Xero, NetSuite, SAP, and others. It syncs matched transactions, creates journal entries for adjustments, and maintains a complete audit trail.
Is bank reconciliation data secure?
Absolutely. Magical uses bank-level AES-256 encryption, maintains SOC 2 Type II certification, and processes all data through secure, compliant infrastructure. Bank credentials are never stored and connections are read-only.