Many companies do not use Automated reconciliations due to many reasons. Those companies use manual bank reco through account reconciliations page to insert cleared date and put checkbox as "cleared" manually.

Doing this activity directly in the system consumes lots of time. Option given as open ion excel/add-in can greatly enhance the data capturing and fast tracking the overall process of manual reconciliations.

This will be useful for many small companies/countries where we do not have possibility of doing advanced bank reco.