Fiducia TogetherBank reconciliation
Matching your books against the bank statement, line by line.
Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.
What it means
Reconciliation checks that every transaction in the accounts appears on the bank statement and vice versa, explaining any difference.
Why it matters
It is the control that catches almost everything: missed transactions, duplicates, fraud, and payments taken that nobody authorised.
What it looks like in practice
Bank feeds do most of it automatically now. The work is in the unmatched items, which is exactly where the problems are.
What to watch out for
Falling behind. Three months unreconciled means three months of reports built on numbers nobody has checked, and the errors compound.
Where to get proper advice
Your bookkeeper. If you do it yourself, do it weekly rather than monthly — it takes less total time.
Where to read more
Last reviewed 2026-08-28 by Fiducia Together · Next review due 2027-08-28
Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.