Bank and GL Reconciliation
Match every bank and card statement line to a ledger entry and clear the residual difference before reporting.
Tools
HighRadius Autonomous Reconciliation, Numeric, NetSuite, Ramp
Outcomes
Cash agrees to the bank statement at month end • Aging list of uncleared items with named owners • Fewer manual month-end adjustments
Documentation
Instruction-ready detail below
Bank reconciliation is the task nobody schedules, so it drifts. Uncleared items pile up, the cash balance in the report stops agreeing to the statement, and by the time anyone chases the difference the transaction may be a year old. The workflow puts the statement and the ledger side by side and auto-matches on amount, date, and description within a set tolerance. What is left splits into two groups. The first is timing, such as a deposit in transit or a card payout that lands a day early, and these clear on their own once a stated clearing date passes. The second is genuine breakage: an unknown charge, a missing receipt, a duplicate posting. Those get an owner, an expected resolution date, and a place on the aging list rather than living in a notebook. At month end each account reconciliation is assembled with its statement, its tie-out, and its open items, and a second person reviews it. A person still decides which differences are written off and approves the cash balance used in reporting.