Otto Bank Rec is built for practices and finance teams whose reconciliation needs go beyond automated rules. Plenty of teams get what they need from JAX, and if that is you, great. Otto is for the cases where you need more.
Bank rules reconciled
in last 30 days
SmartMatches reconciled
in last 30 days
SmartMatch error rate
of matched transactions over last 60 days
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Bank rules reconciled
— in last 30 days
SmartMatches reconciled
— in last 30 days
SmartMatch error rate
— of matched transactions over last 60 days
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Bank rules reconciled
— in last 30 days
SmartMatches reconciled
— in last 30 days
SmartMatch error rate
— of matched transactions over last 60 days
Otto draws on your own reconciliation history rather than relying on fixed assumptions.
Otto shows why he matched each transaction, so you stay in control.
Your corrections feed back in, so the same issue does not keep recurring month after month.
Otto handles the repetitive matching so your team can focus on the work that needs judgement. He learns each client's reconciliation history, reconciles the matches he is confident about, and leaves the rest for you to check. Whether you look after a handful of clients or hundreds, Otto works the same way.
Otto learns each client's unique reconciliation patterns through advanced machine learning, consistently achieving over 98% accuracy in transaction matching.
Otto only processes transactions when highly confident, flagging uncertain matches for your review while handling routine reconciliations automatically.
Your expertise helps Otto grow smarter. When you guide Otto on an uncertain transaction, he automatically applies that knowledge to similar future matches.
Track Otto's performance across your client base through our intuitive portal, with detailed analytics showing reconciliation progress and accuracy.
Otto creates a unique reconciliation model for each client, adapting to their specific clients, suppliers, and bank transactions.
Add Otto to your practice through Xero HQ using the same secure access management you use for staff members, maintaining full control over client access.
All features, unlimited clients, and full support are included, with the same fair pricing for the practices using Otto.
| Plan | Price | Included credits | Price per credit |
|---|---|---|---|
| Plan A Solo |
£25.00 | 100 |
£0.25 |
| Plan B |
£52.50 | 250 |
£0.21 |
| Plan C Most popular |
£100.00 | 500 |
£0.20 |
| Plan D |
£190.00 | 1,000 |
£0.19 |
| Plan E |
£297.50 | 1,750 |
£0.17 |
| Plan F |
£400.00 | 2,500 |
£0.16 |
| Plan G |
£750.00 | 5,000 |
£0.15 |
| Plan H Enterprise |
£1400.00 | 10,000 |
£0.14 |
All prices exclude VAT
Each type of reconciliation uses a different number of credits:
Yes. Any unused credits roll over to the next month and don't expire while your subscription is active, so you can handle varying workloads through the year.
You can choose how to handle additional reconciliation needs.
Fixed billing: Otto will pause reconciliation when your credits run out and resume automatically when your plan renews. This ensures you never exceed your planned budget.
Fixed billing with limit: This works the same as fixed billing, but you decide how many extra credits Otto can use before he stops.
Uncapped billing: Otto will continue reconciling and charge any extra credits at your plan's standard rate at the end of the month. This keeps your workflow smooth during busy periods.
You get complete visibility of credit usage with all options, and you can change your preference anytime through your practice settings.
You have complete control over how credits are used for each client. You can enable or disable different reconciliation types per client:
This granular control helps you optimise credit usage by choosing the right level of automation for each client's needs. For example, you might use SmartMatch for clients with complex transactions and stick to bank rules for simpler accounts.
Have more questions? Read our full FAQs
A proper introduction makes the difference. Book an hour of guided setup and we'll get Otto working with your practice from the start.
In the session we'll:
There's no pressure and no obligation to continue.
