Why is bank reconciliation important?
Your book entries must match the bank statement exactly. When they don't, it means: a transaction is recorded on your side but not the bank's, or vice versa. These discrepancies compound and corrupt your financial statements.
Mizan makes it automatic
- Upload the statement (or enter lines manually)
- Click "Auto-match"
- The engine finds journal lines with the same amount (±3 days) on the bank account
- Single match → auto-reconciled
- Multiple matches → surfaced for your review
The report
Shows you: book balance vs statement balance vs the difference. When there's a gap, it lists the unmatched items from both sides so you can find the cause.
Who needs this?
Any company with a bank account processing 20+ transactions monthly. Your accountant saves at least two days every month.
