A practical guide to supplier reconciliation
Supplier reconciliation is the process of checking your accounts-payable records against information provided by a supplier. Statement reconciliation is the most common way to perform that check.
Reconcile a supplier statementWhy reconcile supplier accounts?
Differences can arise from invoices received but not entered, credits not posted, duplicate transactions, timing differences or simple data-entry mistakes. Regular review helps keep supplier balances explainable.
Statement reconciliation versus balance checking
A closing balance alone tells you that something differs, but not why. Comparing individual references and amounts gives the finance team a focused exception list to investigate.
Where tallyvero fits
tallyvero compares a supplier statement spreadsheet with a purchase-ledger export. You control the column mapping and any suggested reference rule; exact matches remain the default.
Where supplier statements fit
Your purchase ledger is the internal record. A supplier statement is an external view of that supplier account. Comparing transactions—not only closing balances—helps isolate why the two views differ.
Typical causes of differences
- An invoice or credit note has not been entered.
- A transaction was duplicated or posted with a different amount.
- References differ between the statement and ledger.
- A payment or transaction falls outside the compared period.
tallyvero supports the statement-to-ledger part of this wider control. Continue with the supplier statement reconciliation tool.