Bank reconciliation
The process of matching bank-statement transactions with recorded receipts and payments.
It verifies that the bank and the books describe the same reality and reveals anything missing.
An example
A €1,254 credit on the statement is linked to the invoice that produced it.
The typical mistake
Accepting the bank balance without reconciliation. The balance alone does not reveal which invoices have or have not been paid.
How it appears in AndCompta
Import the statement and the system suggests which receipt or payment matches each transaction and why. You confirm the match, and every decision is reversible.
How to complete a useful bank reconciliation
The purpose is not only to reach the same closing balance. Every bank transaction should link to an accounting event or to an explained timing difference.
A four-step process
- Import the complete statement for the period and confirm its opening and closing balances before matching transactions.
- Match receipts and payments with an unambiguous reference, amount and date first.
- Investigate the remainder: fees, unrecorded receipts, internal transfers, duplicates or timing differences.
- Document open items, assign their resolution and retain review evidence before marking the period as reconciled.
Common questions
Is reconciliation the same as checking the bank balance?
No. The balance is only the final figure. Reconciliation explains each transaction, identifies what is missing from the books and separates timing differences from real issues.
How often should bank reconciliation be completed?
Complete it at least at every monthly close. For high-volume accounts, a weekly review reduces the number of unresolved items and helps detect them earlier.
What should be checked when transactions remain unmatched?
Check dates, amounts, references, possible duplicates and transactions not yet recorded. Carry an open item forward only when its timing difference is identified and documented.
Where we explain it in depth
Related terms
This definition is general information, not tax or accounting advice. For your specific case, consult a professional and always check the official source.