Account reconciliation

Step by step

1. Import balance point Reconciliation Analyst

   Reconciliation Analyst reviews a dated provider snapshot for the financial account, including ledger and available balances.

   • Establishes dated provider balances
   • Updates Account snapshots, Financial accounts

2. Identify movement Reconciliation Analyst

   Reconciliation Analyst reads the provider event identifier, occurrence date, amount and account on each movement.

   • Retains the source event and amount
   • Updates Reconciliation items

3. Find instruction Reconciliation Analyst

   Locate a confirmed instruction tied to the same account through its debit or credit account scope.

   • Finds the same-account candidate
   • Updates Bank instructions, Instruction accounts

4. Compare exact values Reconciliation Analyst

   Match only when the movement amount and occurrence date equal the confirmed instruction values for that account.

   • Supports a matched result
   • Updates Reconciliation items, Bank evidence

5. Resolve difference Independent Finance Reviewer

   Keep a movement unmatched or mark it exception when evidence differs. Independent Finance Reviewer reviews the explanation before closure.

   • Preserves unmatched or exception work
   • Updates Reconciliation items, Account snapshots

Reconciliation Analyst

Investigates and prepares matches; Independent Finance Reviewer reviews exceptions; Auditor reads the trail.