Supplier statement reconciliation
The UK and Australian term for vendor statement reconciliation: comparing a supplier's statement with your AP subledger and explaining the differences.
Supplier statement reconciliation and vendor statement reconciliation are the same process. You compare the supplier's statement of account with your accounts payable ledger and explain every difference.
"Supplier" is more common in UK and Australian accounting. "Vendor" is more common in US accounting. The same regional difference appears in Aged Creditors (UK/AU) and Aged Payables (US), and in PLCA (Purchase Ledger Control Account, UK/AU) and AP subledger (US).
Recognising both terms helps when you read ERP guidance or work with teams in another region.
Statement Zen Academy Team — Practical guidance based on Statement Zen's vendor statement reconciliation work. · Last updated