Overview

Reconciliation Flow

Reconciliation process follows this flow end to end:

Ingest multi-source data (automatically with Recital Bride or via file uploads)
Normalize rows and columns using transformations
Match records based on customizable logic on data fields
Handle exceptions for manual or automated review
Generate exportable audit packs for the reconciliation outcome

Reconciliation Flow Types

Recital supports the following reconciliation flow types:

Flow Types	Description
User Recon	Upload files, create custom rules, and apply transformations to tailor your reconciliation process.
Manual Recon	Run a reconciliation using a file on any format, as well as your bank and/or provider data
Auto Recon	Create reconciliations that run at intervals, connect your provider, bank and/or internal record and setup a day and time.
Real-time Recon	Instantly match transactions across banks, ERPs, and payment gateways for accurate, up-to-date financial records.
Balance Recon	Reconcile credits and debits, validate opening and closing balances, and flag discrepancies to keep your accounts balanced and accurate.

Reconciliation Data & Reconciiation Types

Recital can ingest both transaction and settlement data and intelligently perform the required (tranaction or settlement) reconciliation per your worklow.

Data Types	Description
Transaction Data	Record of actual financial events/transaction record from a data source (e.g., internal ledger).
Settlement Data	Record of lump sum settled amount for each settlement category (e.g., Agency Banking Cashout) and account type (e.g., Amount Payable, Issuer Fee Receivable) from a data source (typically a processor or switch).

Reconciliation Types

Recital can perform the tranaction or settlement reconciliation as required for per your worklow.

Reconciliation Types	Description
Transaction Reconciliation	Uses only transaction data from different systems/sources. E.g., Reconciliation using transaction data can help determine if two or more systems captured all the financial events that happened within a period.
Settlement Reconciliation	Uses both transaction and settlement data from different systems/sources. E.g., Reconciliation using both settlement and transaction data can help to determine if a merchant or bank’s provider made the correct settlement on day T+1 for all Agency/ATM transactions that happend on day T.

Getting Started

Use Cases

Bridge

Reconciliation

Reporting

Reconciliation Flow

Reconciliation Flow Types

Reconciliation Data & Reconciiation Types

Reconciliation Types

​Reconciliation Flow

​Reconciliation Flow Types

​Reconciliation Data & Reconciiation Types

​Reconciliation Types

Reconciliation Flow

Reconciliation Flow Types

Reconciliation Data & Reconciiation Types

Reconciliation Types