Banks, cash, and reconciliation
Track accounts, payments, deposits, and differences against statements.
Create each bank or cash account with its currency and linked postable ledger account. Record deposits, withdrawals, receipts, payments, transfers, and fees with a clear reference. Use reconciliation to compare the system balance with the bank statement, mark matched transactions, and investigate unmatched items.
Never activate a financial method without an explicit ledger mapping. Reconciliation differences should be explained and corrected through an auditable transaction.