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Bank accounts, reconciliation against imported or fed statements, a cash book and petty cash handling. Matching runs on amount, date and reference, with candidates surfaced rather than auto-cleared on a guess.
Unmatched items stay visible as a working list rather than being written off into a suspense account.
Because the bank statement and the ledger were populated independently, and reconciliation is the process of discovering where they disagree. Every unmatched line is an investigation.
Most of them turn out to be timing or a transposed figure, but you cannot know which until you have looked at all of them.
Fewer unmatched lines, because the invoice and the payment were created from the same record rather than typed twice. Reconciliation becomes confirmation rather than discovery.
Cash position is current rather than as-at-last-reconciliation, which matters more to a small company than any report in the ledger.
It does not initiate payments. Books records what happened; moving money happens with your bank.
Direct bank feeds depend on your bank and region, and this page does not claim which are available — that is a question for the security and integrations pages when they are complete.
Reconcile to a known-good date before importing history, and treat that date as the opening position. Importing an unreconciled history imports the problem.
Decide matching tolerance early. Too tight and you match nothing; too loose and you match the wrong things quietly.
Receivables for customer payments, purchasing for vendor payments, and the ledger for every posting. Petty cash and the cash book post to the same accounts as everything else, so cash-heavy operations do not end up with a parallel set of books.
Bank accounts, reconciliation against imported or fed statements, a cash book and petty cash handling. Matching runs on amount, date and reference, with candidates surfaced rather than auto-cleared on a guess.
Fewer unmatched lines, because the invoice and the payment were created from the same record rather than typed twice. Reconciliation becomes confirmation rather than discovery.
It does not initiate payments. Books records what happened; moving money happens with your bank.
Reconcile to a known-good date before importing history, and treat that date as the opening position. Importing an unreconciled history imports the problem.
Fourteen days, every module, no card. Or half an hour with someone who will run it on your own records and tell you where it does not help.