What “daily cash reconciliation” means
It’s a lightweight process to match expected cash activity to bank-reported activity, identify exceptions, and keep your cash position reliable.
A scalable daily process
- Pull bank reporting files (or portal reports) at a consistent time.
- Match known items (payroll, AP runs, debt service, merchant settlements).
- Flag exceptions above a threshold and assign owners.
- Update cash position and notify stakeholders if material variances appear.
Practical tooling
- Start with a spreadsheet + consistent bank exports.
- As volume grows, consider automation via bank files/APIs and a ticketing workflow for exceptions.