FTB-C000718 / Financial concept

Bank reconciliation

Bank reconciliation compares an account holder's ledger with external bank evidence and explains differences for a defined scope and period.

Intermediate 5 linked topicsEvidence-reviewed

Definitions

In plain terms

The reviewer pairs supported movements, retains outstanding items and checks the opening-to-closing balances on both sides.

Technical

D30 separates source selection, row matching, independent opening/closing controls, investigated items and unresolved residuals.

Scope

A match or balanced bridge is not source authentication or settlement evidence.

Examples

  • Three synthetic matched pairs coexist with the unpaired internal I-MISSING row and an open difference.

Common misconceptions

  • Agreement between two supplied extracts does not prove either extract is complete.

Concept relationships

Broader concepts

Related

Required by

Where this concept is used

Evidence and governance

  1. Reconciling an Account to a Statement, GnuCash v5 GnuCash project · first party technical publication

    Supports: preferred label, short definition, variant distinction

    Limits: Agreement is not source authentication, final settlement or proof that all real-world events were reported.

  2. D30 glossary teaching-profile scope, Batch 013 The Fintech Builder · internal governed contract

    Supports: technical definition

    Limits: No independent regulatory mandate, real-bank dataset, service execution, external witness or production assurance is claimed.

Reviewed by
fintech-builder-batch-013
Last reviewed
2026-10-27
Next review
2027-10-27
Record status
evidence reviewed

This record is evidence-reviewed and readable, but not yet promoted to published — it is served noindex,follow and excluded from the sitemap.

Written by

Fintech engineer building market-data and financial systems, and the author of every article, glossary record, and reference implementation on The Fintech Builder.