Bank reconciliation

Step by step

1. Choose the account Independent Treasury Approver

   Independent Treasury Approver selects a financial account and its dated provider snapshots.

   • Establishes provider balance and account identity.
   • Updates Financial accounts, Account snapshots

2. Read provider movements Independent Treasury Approver

   Independent Treasury Approver reviews source-identified reconciliation items and their occurrence dates.

   • Keeps each provider event distinct.
   • Updates Reconciliation items

3. Find the instruction Independent Treasury Approver

   Independent Treasury Approver locates a confirmed instruction linked to the same account.

   • Checks that the candidate instruction used the account.
   • Updates Bank instructions, Instruction accounts

4. Apply the match rule Independent Treasury Approver

   Independent Treasury Approver compares exact amount and confirmed occurrence date before marking an item Matched.

   • Matches only exact account, amount and date evidence.
   • Updates Reconciliation items, Bank instructions

5. Keep exceptions open Independent Treasury Approver

   Independent Treasury Approver leaves differing items Unmatched or marks them Exception for investigation.

   • Retains discrepancies for source review.
   • Updates Reconciliation items, Bank evidence

Independent Treasury Approver

Reconciles; Treasury Preparer supplies provider context; Auditor reviews retained outcomes.