What is bank reconciliation?
Reconciliation is an accounting method that involves comparing parts of the accounts with other documents. The aim is to ensure that the information in the accounts is correct by checking various sources for discrepancies.
There are different types of reconciliation, such as bank reconciliation, salary reconciliation, and ledger reconciliation. During bank reconciliation, the accounts are compared with the bank statement to ensure that all transactions in the bank are also documented in the accounts.
With Bank Integration Mini, you get automatic bank reconciliation. The transactions from the bank are retrieved every day. The files will be downloaded for the first time when the entire current month is completed.
Do you have a Basis subscription? Then you don't have access to automatic bank reconciliation. You can upgrade your subscription under «My subscription».
Want to learn more?
Read more about how automatic bank reconciliation with bank integration works here (This article has not been translated)