Understanding Reconciliation Account Types

Account Reconciliation supports two types of reconciliation based on the support source configuration:

Bank Account Reconciliation

• Uses bank statements as the support source.

• Enables automatic transaction matching through AI.

• Requires uploading bank statement files (Excel or CSV format)

• System automatically parses and matches transactions against GL entries.

Manual Reconciliation

• Used for accounts without bank statements (accrued expenses, prepaid accounts, etc.)

• Requires manual entry of support balance.

• Users manually add and manage unmatched line items.

• Suitable for accounts requiring judgment-based reconciliation.

The reconciliation type is determined by the Support Source configuration set in Administration > Accounts.