Prior balances carry forward
A completed reconciliation becomes the opening point for the next period, so nobody re-establishes it monthly.
Bank reconciliation
The statement is a PDF. The reconciliation should not be a morning.
Reconciliation is the least automated hour in most firms: open the PDF, key the ending balance, tick the cleared items, hunt the difference. LedgerHQ reads the statement, carries the prior balance forward, matches the eligible activity, and keeps the real difference visible until the account is genuinely finished.
Watch a real reconciliation
Statement PDF to a zero difference.
Unedited. The statement is read, the worksheet builds, and the account finishes at $0.00.
4 min 59 secSee every walkthrough
Statements stay attached
Uploaded and Plaid-supplied statement PDFs live with the account and are read for balances and coverage.
Tally can do it, not just explain it
Tally has reconciliation tools: prepare the worksheet, work the matching, finish supported accounts, troubleshoot a difference.
01
Start from a balance you already trust
The next reconciliation opens on the prior completed ending balance. Imported books can establish a reviewed starting point from a statement or a manual baseline.
Nobody spends the first ten minutes of every account proving where last month ended.
02
The statement is evidence, not an attachment
LedgerHQ stores uploaded statements and supported Plaid statement PDFs, then extracts balances and coverage information so the numbers arrive without keying.
The document stays with the reconciliation instead of living in a shared folder with no link to the account it proves.
03
See the real difference before anyone signs off
The worksheet compares statement balances against cleared ledger activity and preserves the completed reconciliation packet.
If the difference is not zero, the account stays open. A reconciliation that closes with a plug is not a reconciliation.
Questions
What firms usually ask.
Can AI do a bank reconciliation?
It can do most of one. In LedgerHQ, Tally reads the statement, carries the prior balance forward, matches eligible posted activity, and can complete supported reconciliations, leaving genuine differences and unusual items for a person to resolve.
Can LedgerHQ read statement PDFs?
Yes. Stored statements run through statement extraction, with review notes raised when the extraction needs a human look.
Does the prior balance carry forward automatically?
Yes. The prior completed reconciliation's ending balance becomes the next period's starting balance.
What happens if the difference is not zero?
The account stays open. LedgerHQ keeps the difference visible until the missing activity or adjustment is understood, rather than letting the period close over it.
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