Ledger Reconcilation

Ledger Reconciliation

1. Once the Ledger Classification is completed then the next step is to do an automated ‘Ledger Reconciliation’
2. Ledger Reconciliation is a process where the ‘System Generated Trial Balance’ is compared with the ‘Tally Trial Balance’ imported through JSON
3. Immediately upon voucher import, AssureAI reconstructs entire books of accounts by posting the chart of accounts, opening  balances and all   transaction vouchers in a table and arrives at the AssureAI Trial Balance
4. This AssureAI TB is compared with the Tally Closing TB imported through JSON
5. This is a validation screen to add confirmation to the users that all the balances are matching with the TB and all vouchers have been imported correctly
6. Once this step is passed, it is a confirmation that the financial statements generated through AssureAI is exactly matching with the underlying books of accounts
7. After review, Select Approve and Click ‘Submit’ so that next items in the workflow will be activated