Monthly reconciliation reports automation

Purpose

1. The purpose is to automate monthly financial reconciliation reports for a computer wholesaler, eliminating manual data aggregation, entry errors, and delays while providing unified financial visibility across wholesale computer inventory, orders, invoicing, expenses, and bank statements.

2. Automatedly consolidate transactional data from ERP, accounting platforms, bank feeds, and inventory systems to generate, format, and distribute reconciliation reports with discrepancies flagged.

3. Automate reconciliation workflows, ensure regulatory compliance, expedite period close, and maintain accurate up-to-date ledgers across all sales channels and supplier accounts.

Trigger Conditions

1. Schedule: On the last day of each month at 11:55 PM to capture all transactions.

2. Event-driven: Upon completion of monthly sales entry updates or finalized bank statement imports.

3. Manual: Authorized finance users trigger automation for on-demand reconciliation review.

Platform Variants

1. Xero

• API: bankTransactions, reports endpoint — automate bank feed ingestion, reconciliation report pulls, and discrepancy extraction.
  

2. QuickBooks Online

• Endpoint: Reports API, Bank Transactions API — automated fetch of income and expense ledgers, exporting trial balances, and auto-importing statement data.
  

3. SAP Business One

• Function: B1 Integration Framework — automate scheduling of ‘General Ledger Reconciliation’ and exporting results in CSV/PDF.
  

4. Microsoft Dynamics 365

• API: Data Export Service, Financials.Reporting — automate extracting monthly transactions and automating reconciliation matching.
  

5. Netsuite

• SuiteTalk API: runSavedSearch, getReport — automate export of ledgers and perform programmatic reconciliation logic.
  

6. Oracle Fusion Cloud

• REST: /fscmRestApi/resources/11.13.18.05/generalLedgerBalances — automate report pulls and comparison routines for monthly financial close.
  

7. FreshBooks

• API: GetInvoices, GetPayments — automate data extraction and build reconciled revenue snapshots monthly.
  

8. Wave Accounting

• Endpoint: GET /transactions, POST /reports — automate pulling and reconciling revenue & expenses each close period.
  

9. Zoho Books

• API: /banktransactions, /reports/monthly — automate fetching all bank and ledger transactions for automated reconciliation runs.
  

10. MYOB

• API: Bank Transactions, General Ledgers — automate monitor and process monthly statement imports, match records, generate exceptions.
  

11. Stripe

• API: List Balance Transactions, Reports — automate revenue reconciliation for received payouts and matched sales orders.
  

12. PayPal

• REST: TransactionSearch, Payouts Report — automate monthly import and comparison of payment flows versus invoices.
  

13. Plaid

• Endpoint: /transactions/get, /accounts/balance/get — automate feeding live bank data into reconciliation scripts monthly.
  

14. Google Sheets

• Apps Script: OnTime triggers, ImportRange — automate data consolidation and report templating for financial close.
  

15. Excel Online

• Microsoft Graph API: Workbook operations — automate reconciliation macros and distribute Excel-based close books.
  

16. Salesforce

• API: Query Opportunities, Revenue Reports — automate sales pipeline close vs. actual influx in finance systems.
  

17. Slack

• Workflow Builder + API: Scheduled reminders, file uploads — automate finance reminders, approvals, and report filing notifications.
  

18. Dropbox

• API: monitor folders, upload_report — automate exporting, archiving, and sharing monthly reconciliation documents.
  

19. AWS Lambda

• Event-driven function: Scheduled jobs, S3 report output — automate logic for reconciling financial streams, error alerts.
  

20. Google Cloud Functions

• Scheduler trigger: automate reconciliation routines, store output in Cloud Storage for restricted access.
  

21. OneDrive

• API: Create file, Share file — automate location and distribution for finalized reconciliation reports for audit traceability.
  

22. Trello

• API: Card creation, Checklist update — automate workflow management of reconciliation tasks and exception tracking.
  

23. Jira

• Automation Rule: Scheduled issue creation, Comment update — automate reconciliation report tasks and audit trails.
  

Benefits

1. Automates report compilation, reducing staff time and minimizing human errors in reconciliation.

2. Ensures automatable, consistent, and timely delivery of monthly financial status to stakeholders.

3. Expedites troubleshooting by automatically identifying and flagging discrepancies.

4. Improves auditability and compliance through repeatable, tamper-evident automation processes.

5. Powers automatedly scalable reporting as business volumes, systems, and complexity grow.