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Reconcile from your bank's own activity

Automated Stripe Financial Connections feeds bring bank activity in for explicit review, and reconciliation by tick-off works without a feed.

Reviewed

Bank feeds

Automated bank feeds bring your bank activity in each day through Stripe Financial Connections. Feeds are included with a paid subscription at no additional Ledgermast charge. Without a feed, you can still reconcile by tick-off against your bank statement.

See pricing and trial terms.

Banking

Reconciliation is built on evidence: the system checks for gaps and overlaps before anything is marked clear.

  • Reconciliation by tick-off, with gap and overlap checks between periods
  • Grouped many-to-one and one-to-many matching of feed activity
  • First-class two-sided transfers

Reconcile from evidence, not from hope

Open a period against the statement's ending balance, tick off the ledger lines that cleared, and complete it when the difference is zero. Ledgermast checks for gaps and overlaps between periods before a reconciliation can be completed; with an automated feed, bank lines arrive as evidence to resolve one by one.

  1. Open
  2. Tick off
  3. Check
  4. Complete

Reconcile by tick-off

Open a reconciliation for a bank account in your organization, enter the statement's ending balance, and mark the ledger lines that cleared. The period can only be completed when the difference is zero. Ledgermast checks for gaps and overlaps between periods.

Tick-off is also the way to reconcile periods before a feed's coverage began, and accounts outside the automated feed's supported coverage. Read-only organizations retain access to their existing reconciliations and exports, but cannot start new periods.

Automated bank feeds

Automated bank feeds bring your bank activity in each day through Stripe Financial Connections. Feeds are included with a paid subscription at no additional Ledgermast charge. Without a feed, you can still reconcile by tick-off against your bank statement.

Automated-feed coverage

  • US checking and savings accounts, and credit-card accounts, denominated in USD.
  • Connections are made through Stripe Financial Connections, one provider account per connection flow.
  • Up to 180 days of available initial history, followed by daily transaction refreshes. Actual history depends on provider availability.
  • Pending activity remains visible as pending and cannot be resolved until posted.

Connecting an account uses Stripe's hosted authorization flow. It does not authorize Ledgermast to move money.

Feed activity is evidence, not an automatic posting

Reviewers resolve each line explicitly: match it to existing entries, including one-to-many and many-to-one groups; post a bank journal that splits it across accounts, such as a loan payment into principal and interest, or an owner draw; or record an exception for a line that moved no money. Feeds never automatically post, match, or clear transactions. Every resolution is explicit, and undoing one posts a reversal rather than erasing history.

Periodic reconciliation checks statement coverage, unresolved activity, gaps, overlaps, and the ending balance. Connecting a feed or resolving activity does not itself complete a reconciliation.

Read about permissions and approvals and retaining your records.