Three records that agree every day.
Reconciliation is checking that the money you received, the sales you recorded and the stock that left all describe the same events.
Money received₦2,340,500bank, POS and wallets
Sales recordedinvoices and till sales
Difference1 line to explain
RecordAmountMatched to
Moniepoint POS settlement+₦1,284,000Till sales, 3 Nov
Paystack payout+₦322,500Invoice INV-00413
Stock out, 3 Nov148 items148 items sold at the till
GTBank transfer in+₦18,500Likely a deposit on INV-00419
What TaxStreem does
Matches bank lines, POS settlements and wallet payouts to invoices and till sales.
Compares cash counted at close with cash sales recorded.
Compares stock counted with stock expected, and values the difference.
Lists anything unmatched the same day, with its most likely explanation.
