Reconciling Transactions

Reconciling transactions is an important part of ensuring each transaction in the period you’re reviewing has been added to FraudFindr and that the transaction data is accurate. In short, it’s a way to guarantee that the starting and ending balance for each statement period matches the bank records for each account you’re investigating.

This process is especially important if you’re importing transactions via PDF files (which have start dates, end dates, starting balances, and ending balances).

For example, if you indicate that the ending balance for a certain period should be $529.80 and we find $762.45 worth of transactions in that period, you’ll know something is wrong in the transaction data you imported.

To begin reconciling transactions, navigate to an account within a case you’re investigating. Here, you’ll see 3 tabs (Reconciliation, Transactions, and Analysis) along with a menu icon to the right and above the “Run Analysis” button. Click the menu button and select “Reconcile Transactions”. You can also click “Reconcile Transactions” just below the "Run Analysis" button.

Once you’ve reached the “Reconcile Transactions” screen, you can begin adding statement periods. Each row represents a statement period that includes a:

Start Date
End Date
Starting Balance
Ending Balance

The data you enter here will directly affect the monthly statement periods in the account “Summary” tab.

You can reconcile transactions at any time and reconciling doesn’t need to be completed all at once. You can add some transactions, reconcile them, add more, reconcile again, etc.

If you’re uploading a CSV file that doesn’t include any starting or ending dates and balances, you may need to reference PDF bank statements to acquire the correct information.