LedgerHQStatements, Requests And Reconciliation
12 articles
Statements and statement coverageTrack monthly statement coverage, upload statements, run OCR, request missing periods, and understand verified or waived coverage.Client requests and messagesCollect documents and answers, message company owners, supervise Tally replies, and manage every thread from the firm queue.How LedgerHQ messages company ownersKnow the two owner channels — outbound-only texts vs two-way Client Requests — and when to use each.Let Tally reconcile from statementsWhen the statement is verified and the period's activity is posted, Tally builds the worksheet, matches the rows, and finishes the reconciliation for you.Bank reconciliationReconcile bank and credit card accounts from statement ending balances.Prepare for your first reconciliationMake sure the statement, register, and starting point are ready before you begin a bank reconciliation.Start a bank reconciliationEnter the statement period and balances, then begin checking transactions.Match transactions to the statementCheck the rows that cleared, leave the rows that did not, and watch the difference close.Handle outstanding checks and depositsLeave genuinely uncleared items unchecked so they carry forward correctly instead of distorting the period.Enter credit-card and loan balances correctlyUse the statement's positive balance-due amount while LedgerHQ applies the negative liability balance behind the scenes.Investigate a reconciliation differenceFind missing, duplicate, mistimed, or incorrectly signed activity before accepting a reconciliation discrepancy.Finish a bank reconciliationReview the checked transactions, finish at zero difference, and verify the completed reconciliation record. All collections