Reconciled
In accounting, reconciled means matched to a bank statement line.
- Layer
- Lexicon
- Defined in
- Lexicon
- Components
- 2
Authority
This definition follows Internal control — SOX §404.
Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.
Reconciled, in use
Quoted from the 5 documents that use the word — what it does to an interface, in the spec's own sentence.
Maturity analysis (undiscounted by year, reconciled to the discounted liability) as a linked view.
Metrics derived from unreconciled data are marked provisional — a KPI computed mid-close, before the bank is reconciled, is an estimate, and labeling it is what stops people quoting it externally.
The maturity analysis (undiscounted payments by year, reconciled to the discounted liability) is a required disclosure and a first-class view.
Schedules, accruals & roll-forwards — 7. Leases (ASC 842 / IFRS 16)
For founders
The same idea written for a founder: what it costs a startup that ignores it, and what to do in a real month.
- Bank reconciliation step by stepMatch the bank statement to the books, clear deposits in transit and outstanding checks, book the fees, and reach a $0.00 difference every month.
- Why startups should close their books every monthA monthly close turns a bank balance into numbers an investor, an auditor or a 409A firm will accept. What it is, and why it gets expensive to skip.
- Can you vibe code your startup’s accounting?AI coding tools build a finance dashboard in an afternoon, but not a closed, reconciled, GAAP-basis ledger. Where the line is, and how to stay inside it.
What it is not called
Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.
- verified
- confirmed
Components that render this
The concept is not documentation-only. These are the components that name it in their specification, grouped and stated exactly as the catalog states them.
1Primitives
Family spec9Accounting core (GL)
Family specComponents that render the terms it depends on
Little in the catalog names this concept outright, but its definition is built out of others that are named. These render statement.
2Cards
Family spec3Payments
Family spec- StatementRowIndent level, subtotal, total, expand.
- StatementTableThe shared shell: hierarchy, periods, rules.
- StatementToolbarBasis, period, comparison, currency, consolidation.
- DrilldownSheetStatement line → the GL entries behind it.
- CashFlowStatementOperating / investing / financing.
- BalanceSheetAssets / liabilities / equity, with the balance check.
- FluxAnalysisPeriod-over-period explanations.
9Accounting core (GL)
Family spec10Receivables (AR)
Family specTerms this one depends on
Also in Cash
Work with this concept
The calculators that compute it and the ledger payloads that carry it. A definition is where a reader starts; these are where they go next.
Defined in Lexicon. This page is generated from that document, so the two cannot disagree.