Account reconciliation

Step by step

1. Establish account basis Independent Finance Reviewer

   Independent Finance Reviewer selects the provider financial account and its dated balance snapshot.

   • Dated provider balance
   • Updates Financial accounts, Account snapshots

2. Collect movements Operations Analyst

   Provider event identifiers, occurrence dates and amounts enter as reconciliation items for that account.

   • Source-identified events
   • Updates Reconciliation items

3. Find confirmed scope Independent Finance Reviewer

   Finance locates an instruction linked through its account directions and checks verified confirmation evidence.

   • Confirmed comparison population
   • Updates Instructions, Instruction accounts, Execution evidence

4. Match exactly Independent Finance Reviewer

   The amount and confirmed occurrence date must match the provider movement for the same account. A valid item becomes Matched.

   • Matched state for exact case
   • Updates Reconciliation items, Instructions

5. Investigate differences Independent Finance Reviewer

   Different amount or date remains Unmatched or becomes Exception. The reviewer preserves the source event while following the discrepancy.

   • Unmatched or Exception trail
   • Updates Reconciliation items, Execution evidence

6. Compare balance Independent Finance Reviewer

   Finance compares the opening provider ledger amount, signed confirmed movements and the later snapshot for an explainable account result.

   • Account variance review
   • Updates Account snapshots, Reconciliation items

Independent Finance Reviewer

Owns the reconciliation; Operations Analyst supplies provider events; Auditor inspects the evidence.