ElectroNeek Bot Library

Account reconciliation

Case for Automation

Repetitive tasks such as as manual transaction matching can cost accounting team members hours of valuable work time. This is especially the case when they are using slow-performing legacy systems or encounter duplicate data. 


Bot Activities
  • Detects discrepancies between a company’s bank statements [ED24] stored in relevant folders and bank statements supplied by the bank
  • Reconciles data that appears on a company’s balance sheet in a general ledger accounts system with details that form these balances in accounting systems 
  • Reconciles external supplier accounts 
  • Reconciles internal balance details
  • Identifies accounts that do not match
  • Creates reconciliation reports
  • Emails stakeholders notifications when reconciliation tasks are complete
Automated software

MS Excel

MS Outlook




🚀 Author
  • Electroneek
📒 Bot Category
  • Finance and Accounting
💡 Tags
Related Blog Post
‘RPA 101’: How RPA reduces operational costs
1st April 2020
‘RPA 101’: How RPA reduces operational costs
‘RPA 101’: Automation In Enterprise Data Management
25th March 2020
‘RPA 101’: Automation In Enterprise Data Management

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