# Account Reconciliation

Ledge automatically prepares every balance sheet account reconciliation, handling bank, subledger, intercompany, accruals, deferred revenue, FX adjustments, and eliminations — all as part of the agentic close checklist.

#### What the reconciliation agent does

The agent continuously compares GL balances to banks, subledgers, payroll systems, and intercompany reports. It:

* **Flags missing, mistimed, or misclassified transactions** as they happen
* **Pre-prepares working papers**, variance explanations, and journal entries
* **Notifies your team instantly** of any discrepancies, so you can catch them before they delay the close

#### Walking through a bank reconciliation

From the checklist, locate a reconciliation task (e.g., *Reconcile SVB Account 3921*). Open it and navigate to the **Agent Studio** to see the agent's output.

**Working paper structure:**

* **Summary tab:** A reconciliation summary showing how you get from the opening bank statement balance to an adjusted balance, and the same for the GL side. Any GL adjustments are shown transparently.
* **GL Transactions tab:** All transactions the agent pulled directly from the GL.
* **Bank Transactions tab:** All transactions from the bank account.
* **Matching tab:** The automated matching of bank transactions to GL transactions.
* **Guidelines tab:** The logic the agent used to determine each match, shown step by step. For example:
  * Level 1: Exact match by memo and amount (e.g., 37 matches found)
  * Level 2: One-to-many group matching
  * Level 3: Many-to-one and many-to-many group matching
  * And so on through increasingly complex cases
* **Reconciling Items tab:** Transactions that remain unmatched — those on the bank side but not the GL, and vice versa.

#### Resolving discrepancies and posting

For unmatched bank-side items that require journal entries, the agent generates them automatically. You can review, approve, and post those journal entries directly back into NetSuite from within Ledge, with a complete audit trail.

You can also prepare accruals, true-ups, FX adjustments, and eliminations directly from source data and post them to NetSuite — all with full reconciliation context backed by an audit trail.