FedNow Bank Reconciliation
TodayPayments.com is the only real-time payments provider that builds FedNow® and RTP® Request for Payment reconciliation files entirely in-house—ensuring unmatched speed, control, and accuracy. By aligning RfP transactions with digital accounts receivable, undeposited funds tracking, and ISO 20022-rich data delivery, we empower businesses to receive funding with certainty and close their books faster than ever.
Request for Payment with FedNow® and RTP®: In-House Reconciliation Built for Real-Time Business
In the fast-moving world of digital payments, businesses no longer have time to wait on slow reconciliations or outdated invoicing methods. FedNow® and RTP® Request for Payment (RfP) is the new gold standard—delivering instant payment requests, full remittance data, and built-in reconciliation. Even better? At TodayPayments.com, we build the entire RfP reconciliation file system in-house for full control, speed, and customization. Your payment certainty starts here.
As real-time payments become the norm, your reconciliation process shouldn’t lag behind. TodayPayments.com offers a fully integrated solution for Request for Payment (RfP) over FedNow® and RTP®, complete with in-house-built reconciliation files designed for instant clarity.
Whether you're dealing with digital accounts receivable, managing undeposited funds, or aligning transactions with QBO, accrual, or cash-based workflows, our RfP system delivers unmatched payment transparency.
All reconciliation files are:
- Crafted in-house for speed and customization
- Delivered in ISO 20022-rich data formats
- Compatible with .Excel, .XML, and JSON outputs
This means your business has total control from RfP creation to reconciliation—no outsourcing, no delays.

✅ "FREE" Real-Time Payments Bank Reconciliation – with all merchants process with us.


Digital AR Aging Meets Real-Time Reconciliation: Undeposited Funds, QBO, and More
Accounts receivable aging is no longer just a back-office report—it's a real-time dashboard when powered by FedNow® and RTP®. TodayPayments.com enables your AR team to track aging in real time, update ledgers automatically, and process payments with full visibility into transaction status.
💼 Whether you're operating on:
- Cash basis (revenue recognized when received)
- Accrual accounting (revenue recognized when invoiced)
- Or leveraging QuickBooks Online (QBO) workflows with undeposited funds,
our system connects every RfP with rich reconciliation data so your books stay accurate to the second.
Send and Receive RfPs via Mobile, Texting, and Digital Invoicing
Today’s business environment demands flexibility. TodayPayments.com delivers RfP capabilities over:
- 📲 Mobile apps
- 💬 SMS/text message links
- 📧 Digital invoicing portals
Customers receive a clear payment request, with one-click approval and instant settlement. Each transaction is backed by structured ISO 20022 data and pushed to your team in .Excel, .XML, or JSON formats for streamlined accounting, compliance, and audit trails.
The result? Full payment transparency, zero ambiguity, and funding certainty in seconds—not days.
Bank reconciliation in a spreadsheet for FedNow transactions involves creating a structured workflow to track and reconcile transactions accurately. Below is a guide on how you can use a spreadsheet for FedNow Bank Reconciliation considering different accounting methods (Accrual, Cash, Hybrid) and incorporating Undeposited Funds for Request for Instant Payments.
Spreadsheet Structure:
- Main Transaction Sheet:
- Set up a sheet with columns for essential details:
- Date: Transaction date.
- Payee: Name of the payee or vendor.
- Invoice Details: Reference to the invoice or purpose of payment.
- Amount: Transaction amount.
- FedNow Transaction Reference: A unique identifier for FedNow transactions.
- Accounting Method: Specify whether the transaction is Accrual, Cash, or Hybrid.
- Payment Status: Track whether the payment is pending, in progress, or completed.
- Undeposited Funds Sheet:
- Create a separate sheet to track Undeposited Funds:
- Date: Date funds were received.
- Amount: Amount of funds received.
- Status: Indicate whether funds have been deposited.
- Bank Reconciliation Sheet:
- Set up a Bank Reconciliation sheet to mirror your actual bank statements:
- Date: Transaction date.
- Description: Brief description of the transaction.
- Withdrawals: Amount withdrawn from the bank.
- Deposits: Amount deposited into the bank.
- Balance: Current balance after each transaction.
Workflow:
- Transaction Entry:
- Enter each FedNow transaction into the main transaction sheet, specifying the accounting method and payment status.
- Undeposited Funds Management:
- Record funds received in the Undeposited Funds sheet. Update the status when funds are deposited.
- Reconciliation:
- Regularly update the Bank Reconciliation sheet based on your actual bank statements. Match transactions recorded in your spreadsheet with those on the bank statement.
- Accrual, Cash, Hybrid Handling:
- Use the Accounting Method column in the main sheet to differentiate between Accrual, Cash, and Hybrid transactions.
- Payment Status Update:
- Regularly update the payment status in the main sheet based on the progress of FedNow transactions. Use conditional formatting or formulas for visual cues.
Notes:
- Consistency is Key: Maintain consistency in updating all relevant sections of the spreadsheet.
- Automation: Explore spreadsheet automation options to streamline updates and calculations.
- Security Measures: Protect sensitive financial information by implementing access controls and securing your spreadsheet.
This approach allows you to manage FedNow transactions comprehensively within a spreadsheet environment. Customize the structure based on the specific needs of your organization. Keep in mind that while spreadsheets offer flexibility, dedicated accounting software may provide more advanced features and automation for handling transactions.
Real-Time Payments with Built-In Reconciliation—Only at TodayPayments.com
Why settle for disconnected payment systems or generic accounting files?
At TodayPayments.com, we bring the power of real-time payments together with in-house reconciliation precision:
✅ Send & receive RfPs
over FedNow® & RTP®
✅
Track AR aging, undeposited funds, and ledger entries
✅ Leverage ISO 20022 XML, JSON, and
Excel-based data for clean audits
✅ Connect
with your customers via text, mobile, or email invoicing
📈 Stop guessing when the money will arrive. Start knowing—with TodayPayments.com.
👉 Visit TodayPayments.com and bring clarity, speed, and certainty to every payment you send or receive.
ACH and both FedNow Instant and Real-Time Payments Request for Payment
ISO 20022 XML Message Versions.
The versions that
NACHA and
The Clearing House Real-Time Payments system for the Response to the Request are pain.013 and pain.014
respectively. Predictability, that the U.S. Federal Reserve, via the
FedNow ® Instant Payments, will also use Request for Payment. The ACH, RTP® and FedNow ® versions are "Credit
Push Payments" instead of "Debit Pull.".
Activation Dynamic RfP Aging and Bank Reconciliation worksheets - only $49 annually
1. Worksheet Automatically Aging for Requests for Payments and Explanations
- Worksheet to determine "Reasons and Rejects Coding" readying for re-sent Payers.
- Use our solution yourself. Stop paying accountant's over $50 an hour. So EASY to USE.
- No "Color Cells to Match Transactions" (You're currently doing this. You won't coloring with our solution).
- One-Sheet for Aging Request for Payments
(Merge, Match and Clear over 100,000 transactions in less than 5 minutes!)
- Batch deposits displaying Bank Statements are not used anymore. Real-time Payments are displayed "by transaction".
- Make sure your Bank displaying "Daily FedNow and Real-time Payments" reporting for "Funds Sent and Received". (These banks have Great Reporting.)
Each day, thousands of businesses around the country are turning their transactions into profit with real-time payment solutions like ours.