Banking
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.
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.