Running a corporate service provider on SnapLedger · Lesson 8 of 10

Reconciliation: the bank and the books

1:52 · Captions: English, Arabic, French and Chinese.

Reconciliation is where a corporate service provider's month disappears: every bank line checked against a document, by hand, by the same few people. On SnapLedger, most of that matching happens by itself. This lesson shows what SnapLedger does, and the little that's left to you.

What you'll learn

  • See the matches SnapLedger makes
  • Attach a receipt to a bank line
  • Lock a month once it's done

Step by step

  1. Invoice the services — Qamar Bay has already paid for the services: the transfer is in Harbour Gate's bank statement. Now Amira invoices them. In the Invoice & PO Center, under Quotations, she converts the quotation again — this time the three services, without the advance that's already billed — in English, and issues it.
  2. Matched by itself — SnapLedger finds the transfer waiting in the bank and matches it to the invoice by itself. The project's statement now shows both payments — the cash and the transfer — and closes at zero.
  3. Behind a bank line — The calendar shows each day's bank lines. View original document opens the invoice or the receipt behind a line.
  4. Attach a receipt — This September card payment, at a print shop, has no receipt yet. The plus sign attaches one: SnapLedger reads the receipt and matches it to this line.
  5. Lock the month — At month end, Account Book Lock checks what's left. For September, everything is matched, so Amira locks it — and from now on, that month can't be changed by accident.

The platform matches, your team checks — that's how the month comes back. That's Harbour Gate's own company; next, its Partner profile, where its clients' books live.