Bank feeds
Every bank line, matched to what it paid or collected.
Orion reads the statement lines for each of your accounts into the foundation: from your bank's feed, set up with your instance, or from the CSV, OFX and BAI2 files your bank already sends. Each deposit is matched to the receipts in Atlas, each withdrawal to the payments in Cortex, and anything else to the GL, so the cash reconciliation is mostly done before the close starts.
Statement lines in
From the feed, or the files your bank already sends.
Feeds
Set up with your instance and checked on your own accounts before the first close.
CSV, OFX and BAI2
Read into one shape, whatever the bank.
Imported once
The same file or the same day twice adds nothing.
Kept as sent
Each line stays as the bank sent it, beside what it matched.
What each line matches
Deposits to receipts, withdrawals to payments.
| Bank line | Matched to | A difference is |
|---|---|---|
| Customer deposit | The receipt and the invoices it paid, in Atlas | A deposit with no receipt behind it |
| Lockbox batch | Every receipt in the batch, summed | A batch that does not sum to the deposit |
| Vendor payment or run | The payments in Cortex, one or many | A run that does not sum to the withdrawal |
| Payroll funding | The run in your payroll journal | A funding that differs from the register |
| Fees and interest | The rules your team sets | A charge no rule covers |
From the bank to a tied account
Read, matched, explained, tied.
- 01
Read
Each account's lines into the foundation, kept as the bank sent them.
- 02
Matched
By reference, amount and date, one to one, one to many or a batch to its lines.
- 03
Explained
Every line left over named, with its owner.
- 04
Tied
The cash reconciliation ready for its preparer and reviewer at close.
What Orion works out, and what is yours
Orion does the arithmetic. People sign.
Lines are read and matched on their own. Every adjusting entry for a fee or a difference is a person's.
Orion matches, ties and calculates on its own, from the records already in your foundation. Every journal posted, every difference written off, every reconciliation signed off and every period locked is a person's decision, recorded with their name. Orion never moves money.
Orion works it out
- Reads statement lines for every account
- Matches deposits, payments, payroll and fees by your rules
- Names every line left over
- Keeps each line as the bank sent it
Always a person
- Every adjusting entry for a fee or a difference
- New matching rules
- Adding a bank account
FAQ
Bank feeds, run end to end.
How does Orion get our bank data?
From your bank's feed, set up with your instance at onboarding and checked on your own accounts, or from the statement files your bank already sends: CSV, OFX and BAI2. Each line is kept as the bank sent it.
Can Orion move money?
No. Orion reads bank lines and payment records. Your own bank and your own payment runs move the money.
How are deposits matched to customer payments?
Against the receipts Atlas already holds, by reference, amount and date. A lockbox batch is matched to every receipt in it, summed, and a deposit with no receipt behind it is named for its owner.
What about accounts in other currencies?
Each account is read and matched in its own currency, and balances are never added across currencies without a rate your policy names.
What if the same statement file is imported twice?
Nothing changes. Each line is recognized as already read, so a file imported twice adds nothing and nothing is matched twice.
Who can see bank data in Orion?
The people your roles allow, and no one else. Bank lines live in your company's own database, behind its own login.
Related in Orion
- ReconciliationsBank, balance sheet and intercompany reconciliations in one workspace, each with its preparer, reviewer and evidence.View
- Cash flow forecastThirteen weeks of cash from what customers owe and promise, bills due, payroll and budget, set against revenue and expenses.View
- CFO overviewCash, receivables, payables, revenue, the close and budget in one view, read from the records each product already holds.View
- Your data stays yoursYour ledger, bank lines and payroll in your company's own database, with an append-only record of every change.View
See bank matching work on your own cash.
Bring last month's close: the checklist, the reconciliations and the trial balance. We run it through Orion beside your team and show you where it would have tied, and give you an honest answer if the close is slow for a reason upstream that you should fix first.
Your close calendar, chart of accounts, thresholds, reviewers and sign-off order are yours, and they stay yours. Orion is configured to the way your team closes. You are not handing over a playbook or fitting into a template.