End-of-day reconciliation
An operations officer exports from the core system, downloads the switch file and matches them in a spreadsheet every evening.
The officer arrives to an exception list. Matched transactions are already filed; every break is in their inbox.
- 1Core ledger
- 2Settlement file (SFTP)
- 3Match & compare
- 4File the matched set
- 5Email each break
See it working: End-of-day reconciliation (ledger vs settlement file)