Overview
Bank reconciliation bridges the gap between Measure and your bank account. When customers pay via wire transfer, ACH, check, or other methods that bypass your payment processor, reconciliation ensures those payments are properly matched to invoices and reflected in your accounts receivable.Automated Matching Suggestions
When payments arrive in your connected bank account, Measure identifies and suggests matches for them to the corresponding invoices based on:- Payment amount: Exact or partial matches against outstanding invoice balances
- Reference numbers: Invoice numbers or payment references included in transaction descriptions
- Customer information: Payer name or company name matching customer records
Manual Matching
Measure also provides tools to manually associate bank transactions with specific invoices:- Review queue: View all unmatched transactions in one place
- Invoice search: Find outstanding invoices by customer, amount, or date
- Split payments: Apply a single payment across multiple invoices
- Partial payments: Record partial payments against invoices with remaining balances
Reconciliation Dashboard
The reconciliation dashboard provides a unified view of your payment matching status:- Unmatched transactions: Bank deposits awaiting invoice assignment
- Outstanding invoices: Invoices pending payment that may match incoming transactions
- Recently matched: Review matched payments for accuracy
- Discrepancies: Identify and resolve mismatches between expected and received amounts
Use Cases
Bank reconciliation is particularly useful for:- Wire transfers and ACH payments: Match bank transfers that bypass your payment processor
- Check payments: Reconcile checks deposited directly to your bank account
- International payments: Track payments from customers who pay via local bank transfer
- Offline payments: Record payments received outside of your standard billing workflow