Bank Reconciliation in ERP: Best Practices to Close Faster

Good reconciliation makes month‑end closing much faster:

• Use separate bank accounts for each bank and currency.
• Record payments from the originating document (invoice/voucher).
• Keep a clear reference for matching.
• Track pending items: uncleared cheques, in‑transit transfers.

Run an “Outstanding” report weekly so month‑end is not a surprise.