← Glossary
Vendor statement reconciliation
Comparing what a supplier's statement says you owe with your AP ledger, then investigating every item that does not match.
Vendor statement reconciliation compares a vendor's statement of account with your accounts payable (AP) ledger or subledger. You check what agrees and investigate every line that does not.
Use the vendor statement, your AP or ERP extract, and a prior reconciliation when one is available.
For each remaining item, record the reason, such as missing on one side, timing, credit, duplicate, amount difference, or opening-balance scope. Then record the next action.
Statement Zen Academy Team — Practical guidance based on Statement Zen's vendor statement reconciliation work. · Last updated