← Glossary Business glossary
What is Reconciliation?
Checking your records against your bank statement so the two actually agree.
Reconciling means matching every transaction in your records to one on the bank statement, and chasing anything that appears in only one of them.
It is how you catch the invoice that was paid but never marked as paid, the subscription you forgot you were still paying for, and the duplicate charge nobody noticed.
Monthly is enough for most small businesses. The gap you find is almost never fraud and almost always something small you had forgotten, which is exactly why it is worth finding.
Run the numbers for real.
Start free tracks your money, margins and profit in one private app. Free to start.