Account Reconciliation

Yes. AI can build a reconciliation workpaper in Excel with tabs for source data, matches, exceptions, and the balance tie-out, driven by formulas a reviewer can trace.

Yes. AI can match bank activity to the general ledger and flag what doesn't tie out, while an accountant reviews and approves the result.

Yes. Matching rules allow for date offsets, netted fees, FX differences, and batched deposits within set tolerances, and anything outside them goes to review.

Prepaid vendor deposits are reconciled by matching the GL balance to each vendor's open deposits and clearing each one when it's applied to an invoice or refunded.

Each exception is logged with its amount, age, cause, support, owner, and resolution, and signed review shows the open items explain the full difference.

Like a staff accountant's work: the reviewer confirms balances tie to source, tests a sample of matches, clears every exception, and checks what the agent did.

Each one is investigated, then corrected with an adjusting entry or carried forward with its original date until it clears or is escalated.

It becomes an aged reconciling item that usually signals an error, such as a misposted, returned, duplicate, or undeposited receipt, to investigate and fix.