Account reconciliation
Share two balances that do not tie. See which open items need an entry or escalation.
Nothing sends until you start, and you can change anything afterwards.
What you get
- Text in the chat Copy it wherever you need it. Keep chatting to adjust the tone, length, or wording.
Templates
Small business bank reconciliation
- Both sides laid out to an adjusted balance of $44,090, with $0 left unreconciled
- The deposit in transit and outstanding checks marked as timing items that need no entry
- A drafted entry for the $35 bank fee
Accounts payable to subledger reconciliation
- The full $6,450 difference explained: the $4,200 duplicate posting plus the $2,250 freight accrual
- A bridge from the GL control balance to the AP aging
- Two ways to treat the freight accrual, depending on where it belongs
Payment processor clearing reconciliation
- An adjusted GL balance of $17,905 that matches the Stripe report
- Proposed entries for the $620 in fees and the $115 refund, marked as proposed, not posted
- A note that this assumes neither item is already recorded elsewhere
How it works
- Start from a template below, or name the account and period end, give both balances (bank and GL, GL and subledger, or each entity's side), and list the open items you know about.
- askROI's Reconcile accounts tool works the reconciliation in the chat: it lays out both sides to an adjusted balance, sorts each item into timing, adjustment required, or needs investigation, drafts the entries, and ages and flags open items when you give their dates.
- Copy the reconciliation and the aging table into your workpapers, or keep chatting to add items or draft the adjusting entries.
What people use it for
- Instead of a blank reconciliation template get both sides laid out and every item sorted for your own balances.
- Bank reconciliations outstanding checks, deposits in transit, and unrecorded fees or interest, both sides to an adjusted balance.
- GL to subledger find why AR, AP, fixed assets, inventory, prepaids, or accruals do not match their detail.
- Intercompany compare each entity's receivable and payable and find differences from timing, FX rates, or misclassification.
- Aged items put open items into 0 to 30, 31 to 60, 61 to 90, and 90 plus day buckets with an owner and next action.
Questions
How does it categorize reconciling items?
Into three groups: timing differences that clear on their own (outstanding checks, deposits in transit), items that need an adjusting entry (unrecorded fees, recording errors, missing or misclassified entries), and items that need investigation (unidentified, disputed, or aged differences).
When does it recommend escalating?
It uses example thresholds you can replace with your own: supervisor review for items over $10,000 or older than 60 days, controller review over $50,000 or 90 days, and no close while any unreconciled difference remains unexplained.
How is this different from the AI Month-End Close Checklist?
The close checklist plans every task across the close, day by day. This tool works one reconciliation in detail, item by item, and is the step the checklist points to when an account will not tie.
What does it not do?
It does not connect to your bank or accounting system, post journal entries, or give financial advice. It works from the balances and items you share, and a qualified finance professional should review the reconciliation before sign-off.
What is account reconciliation?
Checking that the balance in your general ledger agrees with an independent record, such as a bank statement, a subledger, or another entity's books, and explaining every difference. A bank reconciliation is the most common kind. Most teams do it monthly as part of the close.
Is this account reconciliation tool free?
Yes. You can reconcile accounts on the free plan. Paid plans raise the usage limits and include more credits for Premium mode.