Reconciliation
Reconciliation difference
A reconciliation difference is the unexplained amount remaining after comparing a ledger balance with its independent statement or schedule.
Reviewed by the Booksmrt bookkeeping teamLast reviewed 2026-07-27
How it works in the books
Common causes include missing transactions, duplicate entries, wrong dates, opening-balance errors, transposed amounts, or activity posted to the wrong account.
Example
A $94 difference may be a $49 transaction entered as $94, producing a $45 error rather than a missing $94 item.
What can go wrong
A zero difference is meaningful only when the correct statement period, ending balance, and account were used.
Sources
Educational information only. Booksmrt provides bookkeeping services, not tax, legal, audit, or investment advice. Confirm material accounting and tax decisions with the appropriate professional.