LEDGER & RECONCILIATION
Understand how payment, settlement and reconciliation differ.
Connected processes with different purposes and timing.
Read the reconciliation guideEVENT SEQUENCE
From payment to reconciliation
Initiate
Submit
Validate
Record
Reconcile
RECONCILIATION WORKSHEET
Illustrative reconciliation worksheet
Teaching example only; no real transaction data.
| No. | Date | Record | Payer | Recipient | Comparison |
|---|---|---|---|---|---|
| 1 | 01 ม.ค. | รายการที่ 1 | ● | ● | Matched |
| 2 | 01 ม.ค. | รายการที่ 2 | ● | — | Review |
| 3 | 02 ม.ค. | รายการที่ 3 | — | ● | Review |
| 4 | 02 ม.ค. | รายการที่ 4 | ● | ● | Matched |
PARTICIPANTS
Who participates at each stage
| Party | Main role | What to check |
|---|---|---|
| Payer | Initiates | Provider record |
| Clearing system | Routes and validates | Timing and status |
| Recipient | Records item | Received record |
| Reconciliation team | Compares records | Discrepancies |
FURTHER READING
