Speed up the process of closing your books by using automatic reconciliation
Automatic reconciliation is how Modern Treasury matches payment orders and expected payments to your bank statement. We use trace identification and matching criteria for our matching engine. You will know a transaction has been reconciled when you see the green check mark on the Bank Statements Page.
Payments initiated outside of Modern Treasury that are not listed as expected payments will display a yellow dash next to them. You can still reconcile manually by creating an expected payment and then manually reconciling to the transaction (see this article for how).