Automated Bank Reconciliation with Statement Import & Fuzzy Matching

Seed: BankStatement table (Date, Desc, Amount) and Ledger table; Matching rules: exact match on amount+date tolerance, fuzzy match on description using helper score

Implementation Guide

This reconciliation workbook ingests bank statements and the general ledger to propose matches using deterministic rules and fuzzy matching for difficult cases. Implement exact matching via amount-date equality, and fuzzy description matching using normalized text and partial comparisons or a simple VBA Levenshtein function for scoring. Present a reconciliation dashboard with matched, unmatched, and probable matches for review, and allow posting of suggested adjusting entries. Include tolerance rules for foreign exchange differences and deposit-in-transit handling. Keep audit trails and user approvals for any auto-posted entries.

💡 Expert Q&A Insights

Q: \

How to handle bank fees and interest that don't map to ledger accounts?\" \"

Q: Create a mapping table for typical bank charges to GL accounts and auto-suggest entries.\"\n\"

Can this connect to bank feeds?\" \"

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