ReconLink is a bank reconciliation and transaction-coding platform built specifically for Australian accounting and bookkeeping practices. It connects to clients' bank data, automatically assigns account codes and GST codes to each transaction, reconciles the ledger against the bank statement, and produces Business Activity Statement (BAS) figures ready for lodgement — replacing the line-by-line manual coding that consumes hours of practice time before every BAS deadline.
ReconLink is operated by Innovious Group Pty Ltd (ABN 59 637 038 754) and is designed around Australian GST rules, BAS labels (G1–G19, 1A, 1B), and the multi-client workflow of a practice rather than a single business owner.
What ReconLink does
ReconLink handles the specific, high-volume workflow of getting bank transactions correctly coded, reconciled, and ready to use:
- Automated transaction coding — a layered engine assigns an account code and GST code to each transaction, escalating only genuinely ambiguous items to a human review queue.
- Bank reconciliation — it matches coded ledger entries against the bank statement and surfaces unmatched items, timing differences, and exceptions.
- BAS, P&L and cash-flow exports — coded data flows directly into BAS worksheet fields and financial reports, so preparation becomes a verification step rather than a data-entry one.
- Multi-client oversight — a practice-wide dashboard shows reconciliation status, review-queue sizes, and auto-code rates across the whole client portfolio at once.
How the coding engine works
Rather than presenting every transaction for manual review, ReconLink applies a layered stack and routes each transaction to the cheapest layer that can handle it confidently:
| Layer | Method | Handles |
|---|---|---|
| Layer 1 | Deterministic coding rules | Recurring, predictable vendors — utilities, software, ATO direct debits |
| Layer 2 | Per-client machine-learning model | Vendors with no rule, learned from each client's own coding history |
| Layer 3 | Large language model (LLM) fallback | New or ambiguous vendors the rules and ML cannot confidently classify |
Every automated decision carries a confidence score. Transactions above the practice's configured threshold commit automatically; below-threshold transactions surface in the review queue with the system's best suggestion and the confidence level attached.
Who ReconLink is for
ReconLink is built for Australian bookkeeping practices and accounting firms — particularly those managing 10 or more BAS-active clients, where bank reconciliation is the single most time-consuming task per client each month. A dedicated reconciliation tool typically makes sense when a team spends more than 30% of billable time on reconciliation, or when BAS preparation takes more than 45 minutes per client per quarter.
How ReconLink fits with Xero, MYOB and QuickBooks
ReconLink is a reconciliation-first tool, not an accounting system. It does not replace the general ledger — most practices use ReconLink for the reconciliation and coding step, then work with the clean, coded data in their accounting platform of choice. It runs alongside Xero, MYOB and QuickBooks rather than competing with their full feature set of payroll, invoicing and reporting.
How ReconLink connects to bank data
ReconLink pulls bank data three ways: the Basiq Consumer Data Right (CDR) adapter for open-banking connections to major Australian banks and credit unions; per-client email import, where statements forwarded to a unique inbox address auto-import; and manual CSV or PDF upload for banks not on CDR.
Frequently asked questions
What is ReconLink in one sentence? ReconLink is a bank reconciliation and transaction-coding platform for Australian accounting and bookkeeping practices that auto-codes most bank transactions and produces BAS-ready figures.
Who makes ReconLink? ReconLink is operated by Innovious Group Pty Ltd, an Australian company (ABN 59 637 038 754) based in Melbourne.
Is ReconLink an accounting system like Xero or MYOB? No. ReconLink is a dedicated reconciliation and coding layer that runs alongside your general ledger. It handles the bank reconciliation step; your accounting platform handles payroll, invoicing, AR/AP and reporting.
What makes ReconLink different from built-in bank rules? ReconLink adds a cross-client rule library, a per-client machine-learning model, an LLM fallback for ambiguous transactions, confidence scoring, and a practice-wide multi-client dashboard — capabilities that per-file bank rules in general accounting platforms do not provide.
Is ReconLink built for Australian tax rules? Yes. ReconLink is designed around Australian GST codes and BAS labels (G1–G19, 1A, 1B), and connects to Australian banks through the Consumer Data Right.
Want to see it on your own client mix? Talk to us or explore the full feature set.
This page describes ReconLink's product capabilities and is general information only, not tax advice.