---
title: "Vendor statement reconciliation"
description: "Vendor statement reconciliation — Comparing a vendor's statement of account to what our AP subledger shows for that vendor, and clearing the differences — an unrecorded bill, a payment in transit, a disputed charge. It is how unrecorded liabilities and duplicates surface."
canonical: "https://lopifi.com/glossary/vendor-statement-reconciliation"
---

# Vendor statement reconciliation

> Vendor statement reconciliation — Comparing a vendor's statement of account to what our AP subledger shows for that vendor, and clearing the differences — an unrecorded bill, a payment in transit, a disputed charge. It is how unrecorded liabilities and duplicates surface.

Source: https://lopifi.com/glossary/vendor-statement-reconciliation
Part of: Lopifi — Planned: US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

---

**What is vendor statement reconciliation?** In accounting, vendor statement reconciliation means comparing a vendor's statement of account to what our AP subledger shows for that vendor, and clearing the differences — an unrecorded bill, a payment in transit, a disputed charge. It is how unrecorded liabilities and duplicates surface.

## Words this system refuses for it

- AP reconciliation (subledger to control account)
- vendor statement alone

- **Category:** Payables
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/lexicon)
- **Related:** statement-of-account, reconciliation, statement, subledger, account, vendor