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Bank reconciliation checks whether the activity reported by your bank agrees with the cash activity recorded in Accounting. It is a matching process, not a way to generate a fake cash balance from whatever the statement says.

What you need

Reconciliation uses bank accounts, statements, statement lines, and accounting activity. If there are no imported or recorded statement lines, there is nothing meaningful to match. That is why Lynka’s Bank Reconciliation Readiness report can be unavailable instead of showing a made-up percentage when the workspace has no reconciliation data.

Reconcile a line

1

Open Bank Reconciliation

Go to Accounting > Bank Reconciliation. Access is protected by the bank reconciliation permission.
2

Choose the bank account or statement context

Work from the statement activity that needs to be matched.
3

Review candidate accounting entries

Compare amount, date, reference, and counterparty context with the ledger or payment record.
4

Match the correct records

Confirm the match only when the bank line and accounting entry represent the same movement.
5

Leave genuine exceptions visible

If no valid accounting record exists, keep the statement line unmatched or use the supported exception workflow rather than forcing an unrelated match.

What reconciliation does not mean

A matched statement line does not create revenue. It confirms that a cash movement recorded in Accounting also appears at the bank. A bank statement should not be used to overwrite Accounts Receivable, invoice status, supplier bills, or other source records without resolving those workflows.

Common unmatched cases

  • payment is still pending or uncleared
  • bank date differs from accounting date
  • bank fees or charges need their own accounting entry
  • one bank line represents several accounting transactions
  • a transaction was recorded in the wrong bank account
  • the source payment or cash entry is missing

Readiness versus reconciliation completion

Readiness asks whether the workspace has enough usable bank and accounting data to perform reconciliation. It is not the same thing as saying every line is reconciled.
Last modified on September 7, 2026