Discrepancy Detection for Accounting That Flags Missing Entries and Wrong Amounts
Reconciler surfaces the transactions that do not tie out, a duplicate ledger entry, an unrecorded vendor bill, a Stripe processing fee never booked, or a deposit that arrived at $3,180.00 instead of $3,200.00. You see the exceptions, not thousands of matched rows.
Read-only · Never moves money
In short
Discrepancy detection in accounting is the process of finding transactions that do not agree between two sets of records, so you can correct them before you close the books. Reconciler provides discrepancy detection accounting teams can act on by comparing your bank feed, processors, and ledger and flagging anything that fails to match. As discrepancy detection software, it catches missing entries such as an unrecorded vendor bill, duplicates such as an invoice booked twice, wrong amounts such as a deposit that arrived at $3,180.00 against invoice 1043 recorded at $3,200.00, and unrecorded fees such as a Stripe processing fee that was netted out of payout po_8821 but never posted to a fee expense line. Each flag explains the problem in plain English and points to both records involved, so you know whether it is a timing difference, a data entry error, or a genuinely missing entry. Flags are queued as exceptions for a person to review, and nothing is corrected automatically. The connection is read-only by design, so Reconciler surfaces the issue and never moves money or edits your ledger.
What you get
Discrepancy detection, built for finance teams, bookkeepers and controllers
Catches missing entries
An unrecorded vendor bill or an ACH deposit with no matching invoice is flagged so revenue and expenses are not left off the books.
Spots duplicates
When invoice 1043 is booked twice or a payout is recorded on both the bank and processor side, Reconciler flags the double so you can remove one.
Finds wrong amounts
A deposit that lands at $3,180.00 against a $3,200.00 invoice is flagged with the exact variance, so a $20.00 fee or short-pay does not slip through.
Surfaces unrecorded fees
Processing fees netted out of a Stripe or PayPal payout like po_8821 are flagged when they never hit a fee expense line, so the ledger stays complete.
How it works
From connected to reconciled in four steps
Connect read-only
Reconciler reads your bank feed, processors, and ledger with read-only access and never edits or moves anything.
Reconciler compares both sides
The discrepancy detection software checks every transaction for a matching counterpart across your bank, processors, and ledger.
Review flagged exceptions
See missing entries, duplicates, wrong amounts, and unrecorded fees, each explained with both records involved.
You resolve and record
A person decides how to fix each exception and posts the correction in your own ledger. Nothing auto-posts.
Questions people ask
Discrepancy detection, answered
What causes a reconciliation discrepancy?
Most reconciliation discrepancies come from four causes: a missing entry such as an unrecorded vendor bill, a duplicate such as invoice 1043 booked twice, a wrong amount such as a $3,180.00 deposit against a $3,200.00 invoice, and fees netted out of a processor payout that were never booked. Timing differences explain many of the rest.
What is discrepancy detection in accounting?
Discrepancy detection in accounting is the practice of finding transactions that do not agree between two sets of records, so you can correct them before you close the books. Reconciler compares your bank feed, processors, and ledger and flags anything that fails to match, with a plain English explanation of the problem.
What should I do if my bank statement does not match my books?
Find the unmatched transactions rather than hunting for the total variance. Reconciler does that for you: it points to both records involved in each exception and says whether the gap looks like a timing difference, a data entry error, or a genuinely missing entry, so you know what to fix.
How do you find duplicate transactions in accounting?
Duplicates show up when the same amount, date, and reference appear twice on one side of your books but have only one counterpart on the other. Reconciler flags those automatically, so an invoice booked twice or a payout recorded on both the bank and processor side is caught before it inflates your numbers.
Why are payment processing fees missing from my ledger?
Processors like Stripe and PayPal net their fees out of the payout before the money reaches your bank, so the gross sale and the fee never arrive as separate lines unless someone books them. Reconciler flags fees netted out of a payout such as po_8821 when no matching fee expense line exists.
More features
See your accounts tie out
Connect your bank, processors and ledger read-only and reconcile in a fraction of the time. Reconciler matches transactions, flags what does not add up, and explains every match. It never moves money.