LedgerHQStatements, Requests And Reconciliation
14 articles
Set up regular reconciliation trackingChoose statement timing and ownership for an account that LedgerHQ will reconcile transaction by transaction.Set up a year-end true-upTrack one December statement and compare its ending balance with the posted ledger in January.Statements and statement coverageSync, upload, review, and request bank statements while keeping statement evidence separate from reconciliation.Client requests and messagesTrack open bank and statement obligations by company, collect documents and answers, and preserve each client thread.How LedgerHQ messages company ownersKnow the two owner channels — outbound-only texts vs two-way Client Requests — and when to use each.Use Tally with bank statementsLet Tally read statement evidence and suggest matches while you control the reconciliation.Bank reconciliationSet up bank and credit-card reconciliation, check statement transactions, investigate differences, and save completed records.Prepare for your first reconciliationSet the account's reconciliation history, statement, and outstanding items before starting a bank reconciliation.Start a bank reconciliationEnter the statement period and balances, then begin checking transactions in the account register.Match transactions to the statementCheck the rows that cleared, leave the rows that did not, and watch the difference close.Handle outstanding checks and depositsLeave genuinely uncleared items unchecked so they carry forward correctly instead of distorting the period.Enter credit-card and loan balances correctlyUse the statement's positive balance-due amount while LedgerHQ applies the negative liability balance behind the scenes.Investigate a reconciliation differenceFind missing, duplicate, mistimed, or incorrectly signed activity before accepting a reconciliation discrepancy.Finish a bank reconciliationReview the active reconciliation, finish at zero difference, and verify the completed reconciliation record. All collections