Reconciles is a Modern Treasury alternative for finance teams that need payouts, bank deposits and invoices to reconcile, without building on a payments API. Modern Treasury is payment operations infrastructure: it sends ACH, wires, RTP and FedNow payments, runs ledgers and checks compliance, and it is priced on usage with an annual minimum commitment agreed with sales. Reconciles publishes its prices from $888 a year, needs no engineering work and matches your own bank, processor and ledger files in minutes.
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Modern Treasury sells to companies that move money as part of their product: fintechs, marketplaces, lenders, payroll and insurance platforms. Its pricing page lists one API for payments, accounts and ledgering, payment rails from ACH and wires to RTP, FedNow, push to card, checks and stablecoins, plus KYB and KYC checks and transaction monitoring. When a payment it originated posts to the bank, Modern Treasury reconciles it to the bank transaction and matches returns and reversals back to the original payment.
That is the right buy if your engineers are building money movement into the product. You get bank connectivity, a ledger database and payment status in one place, and reconciliation comes along because the platform created the payments in the first place.
Many evaluations start somewhere else, though. The controller does not need a new way to send money. The problem is that Stripe pays out net of fees, Shopify holds a reserve, one customer ACH covers six invoices, and the bank account still does not tie to QuickBooks or NetSuite on day four of the close. Buying a payments platform to fix that means an integration project for a matching job.
| Reconciles | Modern Treasury | Spreadsheets | |
|---|---|---|---|
| What it is | Reconciliation software for finance teams | Payment operations platform with an API | A workbook someone maintains |
| How you buy | Self-serve, by card in your account | Talk to sales, then a usage-based contract | Already installed |
| Published price | $888 to $5,988 a year billed yearly, or $149 to $999 monthly | None on the pricing page; older listings on SourceForge show from $499 a month | No license, paid in staff hours |
| Price model | Plan limits on accounts, transactions and entities | Platform fee plus per-payment fees by rail, toward one annual minimum commitment | Headcount |
| Setup | Upload two files, results in minutes | API integration by your engineering team, bank connections, ledger design | Formulas built by hand |
| Reconciles payments it did not send | Yes, any bank, processor, marketplace or invoice file | Built around payments it originates and ledger to bank balances | Yes, by hand |
| Processor payouts split into fees, refunds and reserves | Yes, Stripe, PayPal, Adyen, Shopify, Amazon | Not its focus | Manual lookups |
| One payment against many invoices | Yes, one to many and many to one with tolerances | Not its focus | Manual |
| Moves money | No | Yes, ACH, wire, RTP, FedNow, push to card, checks | No |
| Best for | Controllers, accounting firms, ecommerce and SaaS finance teams | Fintechs and platforms building payments into their product | Very low volume |
Modern Treasury competitors fall into two groups, and the right one depends on whether you are building payments or closing the books.
If you are not sure which group you are in, ask who will own the tool. If the answer is an engineer, look at infrastructure. If it is the controller, start with reconciliation.
Stripe, PayPal, Adyen, Shopify and Amazon pay out net of fees, refunds, chargebacks and reserves. Reconciles splits each payout into its parts and ties it to the bank deposit, as described on the payment reconciliation software page.
One ACH that settles several invoices, short payments and early payment discounts are matched as groups with tolerances on amount and date. See invoice reconciliation software.
Each suggested pair carries a match reason and a confidence score, so the reviewer approves work instead of redoing it.
Unmatched, partial, duplicate, amount difference and date difference lines land in one queue, with assignment and comments on Growth and approvals with an audit log on Scale.
1. Export last month's bank statement and the payout, ledger or invoice file it should match.
2. Drop both files into the matcher on the home page and review the matched pairs.
3. Save the rules that worked, then connect your processors and QuickBooks, Xero or NetSuite.
4. Clear the exceptions queue and export the reconciliation report or journal entries for the close.
We would rather you buy the right tool. Modern Treasury is likely the stronger choice if:
Starter costs $74 per month billed yearly or $149 monthly, with 3 accounts and 3,000 matched transactions a month. Growth costs $199 per month billed yearly or $399 monthly, with 15 accounts, 20,000 transactions and 5 entities. Scale costs $499 per month billed yearly or $999 monthly, with 60 accounts, 100,000 transactions, 25 entities, SSO, an audit log, an API and SFTP drop. There are no per-payment fees and no implementation invoice. Every limit is on the reconciliation software pricing page, and our Modern Treasury pricing breakdown explains what goes into its contract.
It depends on the job. For payments and ledger infrastructure, buyers compare Stripe Treasury, Moov, Dwolla, Column, Formance and Fragment. For reconciliation owned by the finance team, they compare BlackLine, Trintech, FloQast, Numeric and Reconciles, which publishes self-serve prices from $888 a year and needs no integration project.
Modern Treasury's direct competitors are payment operations and ledger platforms such as Stripe Treasury, Moov, Dwolla, Column, Formance and Fragment. On the reconciliation side it also meets close and matching tools like BlackLine and Reconciles, because many buyers look at it only to automate cash reconciliation.
Modern Treasury does not publish prices. Its pricing page describes a platform fee plus usage fees per payment rail, all counted toward one annual minimum commitment, with lower unit costs at higher volume. Older listings on SourceForge show a starting price of $499 a month. Your quote depends on volume, rails and account structure.
Yes, for the payments it handles. Modern Treasury matches payments it originated to bank transactions as they post, matches returns and reversals, and its Ledgers product compares ledger balances with bank balances. Reconciling Stripe, Shopify or Amazon payouts and invoice payments from other systems is where a dedicated reconciliation tool fits better.
Yes. Some teams keep money movement in Modern Treasury and use Reconciles to match processor payouts, marketplace settlements and invoice payments against the same bank accounts, then export the reconciliation report or journal entries to QuickBooks, Xero or NetSuite for the close.
Upload a bank statement and a second file. You will see how much of the problem is matching, and what it costs to fix.
Your account is saved and you are logged in. Your result now shows one more page of matched rows. You also get one more sample run of up to 500 lines.
To reconcile full months, open your workspace with a plan.
Choose a planStarter plan selected
Your account is saved and you are logged in. Pay by card on the next page and your workspace opens right away.
$74 per month, billed $888 yearly
$149 per month, billed monthly
Growth plan selected
Your account is saved and you are logged in. Pay by card on the next page and your workspace opens right away.
$199 per month, billed $2,388 yearly
$399 per month, billed monthly
Scale plan selected
Your account is saved and you are logged in. Pay by card on the next page and your workspace opens right away.
$499 per month, billed $5,988 yearly
$999 per month, billed monthly
Your account is saved and you are logged in. You can now run one sample reconciliation of up to 500 lines.
To reconcile full months, open your workspace with a plan.
Reconcile now Choose a planEvery plan includes the matching engine, the exceptions queue and exports. Pay yearly and save 50%.
Starter
$74 per month, billed $888 yearly
$149 per month, billed monthly
Growth
$199 per month, billed $2,388 yearly
$399 per month, billed monthly
Scale
$499 per month, billed $5,988 yearly
$999 per month, billed monthly
Cancel any time. Your plan stays active until the end of the paid period.
