Account based
Each reconciliation belongs to the bank or card account whose statement is being proved.
Bank reconciliation
Reconcile the ledger to statement evidence.
LedgerHQ keeps account-based reconciliation connected to posted activity, prior completed balances, statement dates, differences, and the review evidence accounting firms need before close.
Balance continuity
Completed reconciliation balances carry forward so a later period begins from known history.
Visible difference
The worksheet makes the statement, cleared balance, and difference explicit before completion.
01
A reconciliation begins with statement evidence
A feed balance or dashboard estimate is not the same as a statement ending balance. The reconciliation needs the account, statement period, and ending balance the firm is proving.
LedgerHQ's statement workflows can help organize coverage, while the reconciliation records the accounting comparison.
- Account and statement cutoff
- Statement ending balance
- Prior completed balance
- Supporting statement data where available
02
Review posted activity inside the cutoff
Reconciliation works from posted account activity, not merely feed rows that have not reached the ledger. Eligible activity can be cleared, matched, and reviewed against the statement period.
LedgerHQ also supports a narrow post-cutoff matching window for timing situations without redefining the statement cutoff itself.
- Posted register activity
- Cleared and uncleared state
- Statement cutoff
- Narrow timing-match support
03
Treat the difference as information
A zero difference is the expected clean result, but a nonzero difference should not be hidden. The firm needs to understand whether the issue is missing activity, a timing item, a balance problem, a sign issue, or an intentional reconciliation adjustment.
Completion and any adjustment should remain traceable to the reconciliation and accounting records.
- Statement versus cleared balance
- Difference shown explicitly
- Warnings for suspicious conditions
- Completion and adjustment evidence
How the workflow moves
A visible sequence, not a black box.
The exact action depends on permissions, company context, and the evidence available. The workflow stays inspectable from intake through review.
- 1Choose the bank or card account and statement period.
- 2Confirm the prior balance and enter the statement ending balance.
- 3Clear and review eligible posted activity against the statement.
- 4Resolve the difference, then complete with the resulting reconciliation evidence.
Human control
Reconciliation actions use account and organization scope, signed balances, posting state, permissions, validation, and additional confirmation for suspicious or force-complete conditions.
Product boundary
LedgerHQ does not infer a correct statement balance from a bank feed, and automation cannot replace missing statement evidence or the firm's explanation of an unresolved difference.
Questions
What firms usually ask.
Does LedgerHQ carry forward the prior reconciliation balance?
Yes. The completed ending balance provides the prior-balance anchor for the next reconciliation when available.
Can an unreconciled feed row be cleared?
Reconciliation is based on posted accounting activity. A feed row must reach the appropriate ledger state before it is part of that account's reconciliation evidence.
Can Tally help with reconciliation?
Tally can inspect supported reconciliation context, prepare or perform authorized steps, and surface differences or missing evidence within the firm's configured duties and safeguards.
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