financialv1.0
Bank Reconciliation Process
Banking
Import bank statement → match transactions → identify uncleared items → add adjustments → mark reconciled.
Accountant
⚡ Trigger: Monthly bank statement received
1
Receive Bank Statement
Monthly bank statement downloaded or received from the bank.
Role: AccountantTrigger: Month endAction: Bank statement obtained
2
Open New Reconciliation
Start a new reconciliation in the system for the bank account and statement period.
Role: AccountantTrigger: Statement receivedAction: Reconciliation opened, ending balance entered
3
Match Transactions
Compare system transactions to bank statement line by line. Check off matching items.
Role: AccountantTrigger: Reconciliation openAction: Transactions matched and clearedSLA: 2h
?
Difference at Zero?
Decision
After matching, is the reconciliation difference $0.00?
Role: AccountantTrigger: Matching completeAction: Review outstanding difference
✅ Yes → Step 6 - Complete Reconciliation❌ No → Step 5 - Add Adjustments
5
Add Adjustments
Post adjustments for bank fees, interest, or errors to bring difference to zero.
Role: AccountantTrigger: Difference existsAction: Adjustment entries posted
6
Complete Reconciliation
Reconciliation marked complete. Period locked for this account.
Role: AccountantTrigger: Difference = $0Action: Reconciliation completed, report generated
