Reconciliation is the process of ensuring your accounts, balances, and transactions are accurate and complete.
In Treasury, reconciliation focuses on verifying that:
- Your account balances match transaction activity
- Your internal records match Acclaim
- Your external bank activity aligns with Treasury movements
How reconciliation works
Treasury is built on a transaction-based ledger.
- Every balance is derived from transactions
- Every movement of funds is recorded
- Accounts provide structure for tracking activity
Reconciliation ensures that these components remain consistent and aligned.
What to reconcile
Account balances
Verify that account balances match expected values.
- Confirm total balance = available + pending
- Validate balances against your internal systems
- Ensure balances reflect all known activity
Transaction activity
Review transactions to ensure completeness and accuracy.
- All expected transactions are present
- Amounts and currencies are correct
- Statuses reflect the correct state (pending or completed)
Transactions should provide a complete audit trail.
External bank activity
Match Treasury activity with your external bank accounts.
- Funding (add funds) → match incoming bank transfers
- Withdrawals → match outgoing transfers to settlement accounts
- Verify amounts, timing, and references
This ensures alignment between Treasury and your real-world accounts.
FX activity
Reconcile FX conversions across accounts.
- Confirm sell and buy amounts match expectations
- Verify FX rates and resulting balances
- Ensure both sides of the conversion are recorded
FX should always result in balanced transactions across accounts.
Reconciliation workflows
Daily reconciliation
- Review recent transactions
- Monitor pending vs available balances
- Confirm funding and withdrawals
Period-end reconciliation
- Validate all balances across accounts
- Ensure all transactions are accounted for
- Match Treasury data with accounting systems
Exception handling
When discrepancies occur:
- Identify missing or duplicate transactions
- Check transaction statuses (pending vs completed)
- Verify external bank activity
- Review FX conversions and fees
Resolve discrepancies before proceeding with reporting.
You can use the following to support reconciliation:
- Console — view balances and transaction history
- Exports — download transaction data for analysis
- Webhooks — track transaction updates in real time
These tools help automate and validate reconciliation processes.
Best practices
- Reconcile accounts regularly (daily or more frequently)
- Use transaction IDs and references for matching
- Monitor pending balances and settlement timing
- Track funding and withdrawals closely
- Validate FX conversions across both currencies
Summary
- Reconciliation ensures your Treasury data is accurate and complete
- Balances must align with underlying transactions
- External bank activity should match funding and withdrawals
- FX activity must be balanced across accounts
- Regular reconciliation supports reliable financial operations
Last modified on March 29, 2026
