Keeper makes the books balance. Vera explains what the transactions were.
Keeper, Uncat, Numeric and FloQast reconcile a bank feed to a general ledger. They answer one question well: does the bank agree with the books?
That question can be answered without knowing an invoice exists.
Ours cannot. Which invoice did this deposit settle, and where did the $270 go? Answering it needs the invoice, the fee structure of every rail the client uses, and the rate on the day it landed.
Already running Keeper or FloQast? Keep them. Vera handles the clients where bank matching was never the hard part.
Four questions, two different tools.
Neither column is a criticism. They are built to answer different questions.
Does the bank agree with the books?
Keeper / FloQastYes. This is what it is built to answer.
VeraNot its job.
Which invoice did this deposit settle?
Keeper / FloQastNo concept of an invoice.
VeraMatched, across every rail the client is paid on.
Where did the difference go?
Keeper / FloQastShows a difference. Does not attribute it.
VeraFee stack rebuilt, gross to net, each line attributed.
What rate applied on the day it landed?
Keeper / FloQastNot tracked per payment.
VeraFX at the date of receipt, with the rate and its source.
Run both.
Vera opens to a limited number of firms in November. Priority goes to firms with the largest international client books.