Conciliación bancaria (bank reconciliation)

Conciliación bancaria means matching every transaction on the bank statement against its corresponding entry in the accounting records, until the book balance and the bank balance agree. It is the control that surfaces uncollected invoices, unrecorded expenses, duplicate charges or errors before they end up in a wrong tax return.

The practical way to do it is to import the statement (in Spain, usually in the norma 43 format) and review the transactions left unmatched: that list of orphans is exactly what still needs to be booked or collected. Reconciling at least once a month keeps small mismatches from piling up until year-end close.

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Amortización (depreciation)

Norma 43 (Spanish bank statement file format)

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