Reconciliation

Use “Reconciliation” to match your bank transactions with your accounting records. Saldek compares each transaction with posted entries, open invoices, and payment drafts, then suggests possible matches. Automatic matching suggestions are available with the “Business” plan and above.

How matching works

• Confidence scores: Saldek suggests possible matches for each transaction and assigns each a confidence score.
• Items you can match: Open invoices, entries already posted to the ledger, and payment drafts.
• Progress: Saldek shows your progress as “n of m reconciled”.
• Manual search: If Saldek finds no clear match, search for the relevant document.
• Bank fees and interest: Post bank charges or interest income directly from the transaction.
• Create a payment draft: Create a payment draft directly from a transaction when needed.

Reconcile transactions

1. 1Open “Reconciliation”: Select “Reconciliation” in the navigation to see your open bank transactions.
2. 2Review the suggestions: Check the suggested document or payment draft and its confidence score.
3. 3View the details: Select a transaction row to review its suggested matches.
4. 4Confirm or decline a match: Confirm the correct match or decline suggestions that do not fit.
5. 5Confirm several matches at once: Select multiple rows and confirm them together when the matches are clear.

Automatic matching is included at no extra charge under fair use, up to three times your plan’s monthly document limit. Beyond that limit, Saldek uses a rule-based process.