Bank reconciliation, tied out daily.
Tessel matches every bank line to the ledger as it lands, so the reconciliation is done before the close starts, and the first week of the month goes to review.
Book a demoExports, VLOOKUPs, and a gap nobody owns.
Most teams reconcile the bank once a month, from CSV exports, one account at a time. The easy 90% of lines take days. The hard 10% wait until the end, when there is no time left to chase them.
The difference that won’t tie is usually three things: a fee taken off a payment, a transfer that landed a day late, and one line booked twice.
Four steps, three of them Tessel’s.
- 01
Connect read-only feeds
Bank, card and ERP connections are read-only. Tessel reads back twelve months to learn your patterns.
- 02
Tessel matches as lines land
One-to-one, one-to-many and partial matches, each with the rule that made it.
- 03
Review what’s flagged
Duplicates, late transfers and unexplained fees come to you with one reason each.
- 04
Approve and close the period
Sign off the reconciliation. The evidence log is ready for the auditor.
The bank reconciliation view
| # | Date | Description | Bank | Ledger | Status |
|---|---|---|---|---|---|
| 01 | 01 Mar | Northfold Freight · INV-223101 Mar | 4,200.00 | 4,200.00 | Matched |
| 02 | 02 Mar | Larkspur Hosting · March plan02 Mar | 1,180.40 | 1,180.40 | Matched |
| 03 | 04 Mar | Card · Quayside Café04 Mar | 42.60 | 42.60 | Matched |
| 04 | 05 Mar | Office lease · Unit 405 Mar | 9,850.00 | 9,850.00 | Matched |
| 05 | 06 Mar | Paperline Studio · retainer06 Mar · Possible duplicate | 640.00 | — | Flag |
| 06 | 07 Mar | Card settlement · batch 11807 Mar | 2,318.75 | 2,318.75 | Open |