Reconciliation

Reconciliation is the process of comparing two sets of records to ensure they match - typically comparing your bank statement against your own financial records to verify all transactions are accurate.

Bank reconciliation helps identify discrepancies like missing transactions, bank errors, or fraudulent activity. Businesses perform reconciliation monthly as part of their accounting processes, often converting bank statements with a bank statement converter into spreadsheet formats like CSV or XLSX for easier comparison. To prep files, use the CSV merge tool to combine exports and the CSV deduplicator to remove duplicates.