Overview
Ensure your recorded vendor payments match your bank transactions to maintain accurate cash balances.
Steps
Export vendor payments from Laywork (CSV).
Export corresponding bank statement transactions.
In your accounting software or spreadsheet, match payments by date, amount, and vendor.
Investigate discrepancies: unrecorded fees, exchange‑rate differences, or data entry errors.
Tips
Perform reconciliation weekly to catch errors early.
Use conditional formatting in spreadsheets to highlight mismatches.
Troubleshooting
Small amount differences? Check for bank fees or rounding differences—enter an adjustment entry if needed.
Missing payment record? Search by vendor and date; check if an import failed.