Reconcile:

Trial Balance Reconciliation

Stay on top of your books. Catch issues before close.

The Trial Balance Reconciliation compares your internal ledger with source systems and third-party statements. It highlights breaks, missing accounts, and mispostings so you can close on time with confidence. Complete both internal vs external recs and period on period checks.

What it does

Ingests Trial Balances from any external source or internal GL
Compares balances to source systems, sub-ledgers, and bank/custodian data
Flags mismatches by account, entity, period, and currency
Surfaces missing accounts and stale balances
Tracks movements period-over-period to spot anomalies
Produces an exception list with clear root-cause clues

Fields reconciled

Account code and name
Opening balance
Period movements (debits/credits)
Closing balance
Currency
Entity/fund/strategy
Counterparty or reference where relevant

Why it matters

Prevents misstatements and late adjustments
Reduces rework at month-end and year-end
Improves confidence in NAV, P&L, and disclosures
Creates a clean audit trail for every change

How it works

Map your chart of accounts once
Load files or connect to your admin system
Run reconciliations by entity and period
Review exceptions with drill-down to source lines
Comment and clear breaks with timestamps

Outputs

Exception report by severity and account
Movement analysis with variance thresholds
Aging of unresolved breaks
Export to CSV/PDF
Custom MIS Dashboards

Typical sources

GL Trial Balance
Fund administrator Trial Balance
Sub-ledgers (AP, AR, Fees, Trades)
Bank and custodian statements (for tie-outs)

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Trial Balance Reconciliation

Accurate, Automated Trial Balance Reconciliation

The Fund Recs Trial Balance Reconciliation automates the comparison of Trial Balances across internal systems, administrators, and custodians. It standardises data from multiple sources, runs field-level checks, and highlights discrepancies instantly. Users can drill down to the source of each break, track movements over time, and export exception reports for review or audit. By removing manual effort and providing a clear, real-time view of all balances, Fund Recs helps teams close faster, reduce errors, and maintain complete confidence in their financial data.

Problem

The Trial Balance Reconciliation Challenge

Reconciling Trial Balances across multiple systems and administrators is time-consuming and error-prone. Files often arrive in different formats, account mappings don’t align, and small breaks can take hours to trace. As reporting deadlines approach, teams spend valuable time chasing data instead of analysing results - increasing the risk of delays and misstatements.

Solution

How Fund Recs Helps

Fund Recs automates the entire Trial Balance reconciliation process. The platform ingests and standardises data from all sources, runs detailed balance checks, and instantly flags discrepancies for review. Users can drill down to identify the root cause of each break and track resolution progress. This automation removes manual effort, speeds up close cycles, and delivers a complete, accurate view of every Trial Balance.

Benefits

Why It Matters

Accurate Trial Balance reconciliation is essential for reliable financial reporting. It ensures all entities and systems are aligned, reducing the risk of misstatements and late adjustments. Automating this process frees teams from manual matching and spreadsheet work, speeding up month-end and year-end close cycles. It also strengthens internal controls, improves visibility across administrators and funds, and builds confidence in the integrity of reported balances.

Strengthen Controls

Reduces risk of misstatements and late adjustments

Exception Based Review

Frees teams to focus on investigation, not data matching

Audit-Ready Evidence Packs

Strengthen audit readiness with evidence packs - reconciliations, exceptions, approvals.

Any Data Source, Any Format

Scales easily across multiple funds, systems, and providers

See Fund Recs in Action

Explore how our Trial Balance Recs gives teams the confidence and time to focus on investigation rather than data matching.

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