How-to Guide
Bank Reconciliation Guide
Reconciliation is the simplest proof your books are correct. Here's a workflow that makes month-end close calmer and more audit-ready.
Why reconciliation matters
Reconciliation answers one question: do your books match the bank? If the answer is yes, you can trust the numbers on your P&L and Balance Sheet. If the answer is no, reconciliation gives you a focused list of what to fix.
Reconciliation is also a key ingredient of audit-ready bookkeeping. Learn more.
Step 1
Get your statement balance
Pick a statement end date and note the ending balance. Reconciliation is matching your books to that number.
Step 2
Import transactions
Use bank sync or CSV import so all statement-period transactions are in Prosper.
Step 3
Review exceptions
Resolve ambiguous items, duplicates, and uncategorized transactions so the ledger is clean.
Step 4
Match and confirm
Confirm that transactions for the period match the statement activity and that balances reconcile.
Step 5
Export reconciliation proof
Keep a reconciliation summary so you can explain how balances were confirmed at month-end.
Common mismatches
- Missing transactions (import/sync gaps)
- Duplicate transactions
- Timing differences (pending vs posted)
- Incorrect account mapping
- Uncategorized or miscategorized items
Prosper's exceptions inbox is designed to surface these issues quickly so you don't hunt through the ledger.
Reconciliation + migration
If you're migrating from another system, reconciliation helps validate correctness around the cut-off date. After you verify balances, lock the opening balance to protect the boundary.
Want reconciliation to take minutes?
Start free and use a workflow built for calm month-end close.
Next: Month-end close · Bank feeds · Pricing