The process of matching financial records to ensure accuracy—comparing your books to bank statements or other sources.
Reconciliation is the process of comparing two sets of records to make sure they match. Most commonly, this means comparing your accounting records to your bank statement. If there are differences, you investigate to find the cause—whether it's timing, errors, or unauthorized transactions.
Regular reconciliation keeps your financial records accurate and catches problems early.
Reconciliation helps you:
Monthly reconciliation is standard for most small businesses. Some reconcile weekly or even daily for tighter control. The more frequently you reconcile, the easier it is to find and fix discrepancies. Most accounting software simplifies reconciliation by importing bank transactions automatically.
Invoicer tracks every invoice and payment so your records stay accurate.
Try Invoicer Free
