# Reconciliation and matching

> Reconciliation and matching: Sumarity workflows across industries. Two or more records that should agree: a bank and a ledger, a custodian and a book, a payout and its sales.

Source: https://www.sumarity.ai/processes/reconciliation/

Process 

# Reconciliation and matching

Two or more records that should agree: a bank and a ledger, a custodian and a book, a payout and its sales. Code does the matching and the sums; the judgement is what an unmatched line is. The data checks itself, so most calls are proven.

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Workflows

## 22 workflows, 10 industries.

Proven by code: 22

### Finance and accounting

### Bank reconciliation

Which ledger entry a bank line is; why a line is unmatched

Proven by codeTested

### Card and payment-processor settlement reconciliation

Which sales a payout covers; fee and chargeback lines

Proven by code

### Intercompany reconciliation

Which entries are the two sides of one transaction

Proven by code

### Payroll reconciliation

Which payroll totals tie to GL and bank; why not

Proven by code

### Banking and payments

### Nostro and vostro reconciliation

Which statement line matches which booking

Proven by code

### Wealth, asset management and fund administration

### Custody reconciliation

Each custody line's type; matches to the book

Proven by codeTested

### Custody break follow-up

Age, severity, NAV impact

Proven by code

### Cash and position reconciliation, multi-custodian

Matches across custodians and the PMS

Proven by code

### Corporate actions processing

Event type, entitlement, election

Proven by code

### CLO trustee report tie-out

Each figure against the portfolio

Proven by code

### Insurance

### Delegated authority bordereaux reconciliation

Each risk and claim line against the binder

Proven by code

### Broker premium statement reconciliation

Which policies a statement covers

Proven by code

### Healthcare

### Remittance posting and payer reconciliation (835s)

Which claims a remittance pays; adjustments

Proven by code

### Manufacturing and supply chain

### Inventory count reconciliation

Why counts differ from the system

Proven by code

### Retail, hospitality and consumer

### Daily takings reconciliation (tills, cards, cash, bank)

Which deposits cover which days and sites

Proven by code

### Delivery platform payout reconciliation

Orders, commissions, refunds in each payout

Proven by code

### Marketplace payout reconciliation (Amazon, Shopify)

Sales, fees, returns, reserves in each payout

Proven by code

### Energy and utilities

### Energy trade confirmation matching

Our trade vs the counterparty's confirmation

Proven by code

### Renewable certificate reconciliation (REGOs, GOs)

Certificates vs generation and sales

Proven by code

### Real estate

### Rent roll to bank reconciliation

Which receipts pay which tenant's rent

Proven by code

### HR and payroll

### Timesheets vs rota vs payroll

Hours worked, paid, scheduled agree

Proven by code

### Benefits enrolment reconciliation

Insurer list vs payroll deductions

Proven by code  

## Your version of it. On your data.

Start from the closest workflow and describe your differences.

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