Bank reconciliation · PSD2

Your bank and your invoices, matched on their own

PSD2 connection with +250 Spanish banks. Movements arrive on their own every 6 hours and Cofactu automatically matches them with your invoices. On confirmation, the accounting entry in 572 is generated with no manual work.

Regulated AISP (PSD2) Read-only, no passwords Data hosted in the EU Auto-match invoice↔bank
It matches on its own

Every bank receipt, matched to its invoice

Regulated PSD2 connection (read-only) with +250 banks: movements arrive on their own every 6 h and Cofactu cross-references them with your invoices by amount, date and reference. Goodbye to the bank statement spreadsheet.

+250

Spanish and European banks connectable via PSD2 (AISP regulated by the Bank of Spain)

6 h

automatic movement sync frequency — no manual statement imports

572

the bank entry is generated automatically when each match is confirmed, with the correct offsetting account

Regulated PSD2 connection

Connect your bank once. Movements arrive on their own.

Through an AISP provider regulated under the EU's PSD2 Directive, Cofactu syncs your movements every 6 hours with more than 250 Spanish and European banks. Read-only — it can't move money. And when European consent is about to expire, it warns you in advance.

  • +250 banks via regulated AISP — Santander, BBVA, CaixaBank, Sabadell, Bankinter and more
  • Automatic sync every 6 hours — no importing statements or logging into your bank by hand
  • Renewal alert T-7/T-3/T-0 — PSD2 consent expires every 90 days — we warn you beforehand
SantanderBBVACaixaBankSabadellBankinterINGOpenbankKutxabankUnicajaAbanca +250 entities
No manual matching of receipts

Most match on their own. You only review the uncertain ones.

Cofactu cross-references every movement with your invoices by amount, date and reference. When the match is high-confidence, it matches the movement and generates the 572 entry without you touching anything. When there's doubt — for example, two invoices with the same amount — it leaves it a click away instead of guessing.

Automatic zone 98%

TRANSF ESTUDIO NORTE SL

F-2026-0142

Matches and posts on its own

Automatic zone 95%

BIZUM J. RUIZ

F-2026-0140

Matches and posts on its own

Review zone 71%

SEPA DIRECT DEBIT · CAFÉ S.L.

2 possible invoices

Asks for one click to confirm

Manual matching always available: drag any movement onto its invoice, expense or manual entry and the outstanding balance updates instantly.

The sheet

Everything reconciliation does, on one sheet

From the PSD2 connection to detecting missing receipts — no statement imports. Eight capabilities in a single panel.

01

PSD2 connection with +250 banks

Connect your bank through an AISP provider regulated under the EU's PSD2 Directive. Santander, BBVA, CaixaBank, Sabadell, Bankinter and more than 250 Spanish and European entities.

02

Automatic sync every 6 hours

Cofactu pulls your account movements every 6 hours. No need to import statements or log into your bank manually. Movements show up in the reconciliation panel up to date.

03

Auto-match transaction↔invoice

Cofactu automatically cross-references bank movements with your issued and received invoices by amount, date and reference. Most payments and receipts match on their own.

04

Automatic accounting entry on reconciliation

When you confirm the match between a movement and an invoice, Cofactu generates the accounting entry in 572 (Bank) with the correct offsetting account based on the type of operation.

05

Manual matching of receipts and payments

Beyond auto-match, you can manually match any movement with invoices, expenses or manual journal entries. Each invoice's outstanding balance updates instantly.

06

Detection of expense invoices without a document

If there's a bank charge without an associated expense invoice, Cofactu detects it and generates a request for the missing document. For accounting firms, this avoids mismatches from forgotten receipts.

07

Consent renewal alerts

PSD2 consent expires every 90 days under European regulation. Cofactu alerts you at T-7, T-3 and T-0 days so you can renew before syncing is interrupted.

08

No importing OFX or CSV statements

No need to download bank statements and upload them. The PSD2 connection is direct and automatic. If your bank isn't available on PSD2 yet, the CSV/OFX statement importer is still available.

More on Cofactu

Reconciled banking feeds the rest of Cofactu

What comes in through the PSD2 connection doesn't stay in the reconciliation panel: it generates entries, matches invoices and squares your operations without rewriting anything.

FAQ

Questions, answered.

The essentials on how Cofactu connects your bank and matches your receipts.

Does Cofactu see my bank passwords?

No. The PSD2 connection runs directly between you and your bank. Cofactu only receives the movements already authorized through the regulated AISP provider. The provider is registered with the Bank of Spain under the PSD2 Directive and cannot make payments — only read movements.

Which Spanish banks does it work with?

More than 250 entities, including Santander, BBVA, CaixaBank, Sabadell, Bankinter, ING, Openbank, Kutxabank, Unicaja, Abanca and most credit cooperatives. If your bank isn't supported, the CSV/OFX importer remains available as an alternative.

What happens when PSD2 consent expires?

European regulation requires renewing consent every 90 days. Cofactu sends reminder alerts at T-7, T-3 and T-0 days before expiry so you can renew without service interruption. If it expires without renewal, syncing pauses and resumes on renewal — no movements are lost.

Are accounting entries generated automatically or do I have to do them by hand?

They're generated automatically when you confirm the match between a bank movement and an invoice. Cofactu determines the correct offsetting account (430 Customers, 400 Suppliers, 410 Creditors...) based on the type of operation. You only need to intervene if auto-match isn't available or if you want to assign the movement to a manual entry.

Stop importing statements and matching receipts by hand

Connect your bank once and Cofactu takes care of the rest: automatic sync, auto-match and accounting entries on the spot.