iRecon
IngestMatchTies

Capabilities

One engine for every account you reconcile.

From a single suspense account to a cross-currency deal, at month-end or in real time, on the same rules and the same trail.

Legs

One leg, two legs, four legs.

01 · LEG

One leg

Everything sits in one account that must clear itself.

Accrual accounts where daily accruals must net to zero against the month-end liquidation, account by account. Suspense accounts where every advance must clear within its SLA.

02 · LEGS

Two legs

One side in your books, the other in someone else's, matched on the parameters you set.

Your ledger against the bank statement. Main ledgers and sub-ledgers on either side, so consolidated entries are matched at the detail.

04 · LEGS

Four legs

Two legs in local currency and two in foreign currency, with a cross-link between the pairs. The whole transaction reconciles, not just one side.

Exchange differences are reported and handed over to your exchange-difference account.

Financial against non-financial.

The same four-leg structure reconciles a purchase in your books against the asset itself: two legs for the ledger entries, two for the asset register. If the asset isn't where the books say, it is a break.

Laptop purchase · ledger against asset registerSample data
Ledger
Fixed assets
189,900.00 Dr
Vendor
189,900.00 Cr
Asset register
Received
FA-2291 · 1 unit
Location check
Not found
Ledger balances. The asset register doesn't.Break