Payment Runs & Reconciliation
How to reconcile a management account
Compare expected client interest with management-account statement credits and resolve differences.
Written by Katrin Erb Updated Published Management-account reconciliation compares the client interest calculated by a payment run with credits found in the management-account statement.
How matching works
Flinq builds the expected interest for each client account, then searches positive, unmatched management-account transactions in the relevant posting window. Depending on the bank arrangement, it can match individual credits or a bulk credit. One bank credit can settle more than one live payment run in the same settlement cycle; Flinq reconciles the cycle together so the credit is not counted twice.
Review the result
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Go to Interest Pooling > Payment Runs and open the relevant run.
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Open Management Account Reconciliation.
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Review each account against the statuses below and resolve any item that needs attention.
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Exact match: statement payment and expected amount agree.
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Close match: the difference is within the permitted amount tolerance.
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Needs review: the amount does not match or no matching statement payment was found.
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Partly settled: a bank credit covers part of the calculated settlement period. The item remains open for the balance and can complete automatically when a matching later statement credit arrives; it is not an exception by itself.
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Partly settled — review needed: a later credit was found but it does not match the calculated settlement period. Review the amount, period and settlement-cycle entries before accepting an exception.
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Statement missing: suitable transaction-level statement data is not available.
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Balance-only bank: the importer supplies balances without individual transactions. No transaction-matching action is required, and the payment run can proceed.
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Partly verified: the reconciliation combines transaction-level and balance-only coverage. Review the transaction-matched items; the balance-only portion needs no matching action.
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Exception accepted: a user accepted the difference with a recorded reason and comment.
Refresh after new data
Flinq updates a partly settled item automatically when a later statement supplies the expected credit. Reopen or refresh the payment run to review the latest status and confirm whether any new credit needs review.
Accept an exception
Where your process permits it, use Accept Exception for an unresolved account. Choose a reason—such as bank variance, missing bank transaction, reference mismatch, timing difference or bank error—and enter a meaningful comment. The acceptance remains visible in the audit history.
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