What is account reconciliation?
Account reconciliation is the check that a balance in the general ledger agrees with an independent record of the same thing: a bank statement, a supplier statement, a subledger or a payment processor report. Differences are investigated and either corrected or explained.
DefinitionReconciliations are the largest single task in the close. Bank and cash accounts are reconciled most often, then receivables, payables, payroll liabilities, intercompany balances and accruals. Software started by matching transactions automatically and flagging exceptions; AI-native tools now read unstructured records such as brokerage statements or point-of-sale exports and propose the matching entries. Auditors test reconciliations directly, so the evidence trail matters as much as the result.
Common questions
What is the difference between reconciliation and matching?+
Matching pairs individual transactions between two sources. Reconciliation is the wider control: agreeing the totals, explaining what does not match and signing it off.
How often should accounts be reconciled?+
Cash daily or weekly in most companies, other balance sheet accounts monthly as part of the close. Continuous close tools reconcile as transactions arrive.
What software does account reconciliation?+
Close platforms such as BlackLine, FloQast and Numeric, and AI-native tools such as Maxima and Stacks that prepare reconciliations for review.
Software for account reconciliation
All 14 financial close and reconciliation vendors →
BlackLine
FloQast
Numeric
Maxima
Stacks AI
TrullionRelated terms
Updated September 2026 · Part of Accountio’s accounting technology coverage · Glossary
