Reconciliation
Category
General Concepts
Reconciliation in lease accounting is the process of comparing and verifying lease balances between the lease accounting system, the general ledger, and supporting documentation. Regular reconciliation ensures that ROU asset and lease liability balances are accurate and complete.
Why it matters
Reconciliation is a critical control in the lease accounting process. Discrepancies between the lease subledger and the general ledger can indicate missed entries, duplicate postings, or calculation errors. Monthly reconciliation is a standard practice for large portfolios and is typically reviewed during audit.
Purpose-built account reconciliation platforms replace these manual processes with structured workflows, automated matching, and AI-powered risk assessment.
How Arvexi handles this
Arvexi generates reconciliation reports that compare lease subledger balances to expected values, flagging discrepancies for investigation. The platform's direct journal entry export to ERPs reduces the reconciliation burden by minimizing manual handoffs.
For balance sheet reconciliation beyond leases, Arvexi's Account Reconciliation module provides end-to-end automation across your entire chart of accounts with AI-powered matching, variance analysis, and confidence scoring.
Explore how Arvexi automates this: Document Intelligence · Lease Accounting · Lease Review