Use Tally with bank statements
Understand automatic statement-backed reconciliation, small adjustments, and differences that need your review.
When Automatic Reconciliation Runs
With company Tally AI on, LedgerHQ tries available verified statements after account setup is complete. The statement must belong to the correct account and supply usable period and balance evidence. Eligible activity must be posted.
Saving setup, changing its starting date, turning Tally AI on, finishing a period, or changing checked transactions can prompt a fresh evaluation. You do not need to upload the same statement again.
What Can Finish Automatically
LedgerHQ works from the oldest statement closing date forward and stops when a period needs review. A reconciliation at zero difference can finish automatically, including an open session a person started or reopened.
A difference under $1.00 can finish with a posted Reconciliation Entry adjustment. It waits instead if pending bank activity explains the difference. A period with a larger difference is still started and matched, then left in progress for review, so Bank Recs opens its worksheet directly. A cancelled reconciliation is not silently restarted by automation.
Review completed periods, their checked rows, and any adjustment afterward. Automatic completion records the reconciliation result; it does not certify that every transaction that should exist has been entered.
When Work Waits
Check the period's explanation for incomplete setup, missing earlier statements, unverified extraction, unposted activity, or a difference. Correct the underlying issue and return to Bank Recs to review progress.
With Tally AI off, statement storage, reading, and read-only reconciliation checks can continue. Automatic reconciliation writes wait. People can still perform the supported manual workflow.
Work Manually
Open Recs & Statements > Bank Recs, start or continue the period, and use Match remaining transactions to apply exact statement matches. Review the checks and investigate anything unexplained before finishing at zero.
See Match transactions to the statement, Investigate a reconciliation difference, and Finish a bank reconciliation.