What is Reconciliation?
- Reconciliation
- Reconciliation is the process of comparing two sets of records (e.g., ERPNext ledger vs bank statement, AR ledger vs customer statements) to ensure they agree and identify discrepancies.
Types of Reconciliation
Bank Reconciliation: match ERPNext payment entries against bank statement. Debtor/Creditor Reconciliation: match your AR/AP with the customer's/supplier's records. Stock Reconciliation: match system stock with physical count. GST Reconciliation: match your sales register with GSTR-1 and your purchase register with GSTR-2B.
Reconciliation Tools in ERPNext
ERPNext has dedicated tools for Bank Reconciliation (Accounting module), Payment Reconciliation (linking unmatched payments to invoices), Stock Reconciliation (adjusting inventory), and via the India Compliance app — GSTR-2B Reconciliation for ITC matching.
Infonoxe Technologies specialises in ERPNext implementation and custom software for Indian businesses.
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