Pain point
Month-end reconciliation that shouldn't be a scramble
Matching what actually hit the bank against what was expected, cheque by cheque, across every tenancy, is exactly the kind of task that gets rushed at month-end — which is when mistakes happen.
The problem
Reconciling bank statements against a manually maintained cheque list means finding discrepancies after the fact, rather than catching a missed deposit or a bounce as it happens.
Why it matters
A reconciliation error found weeks after the fact is much harder to trace back to its cause than one caught the day it happened.
How Meridian helps
- Every cheque's status — expected, received, deposited, cleared, bounced, replaced — tracked continuously, not reconstructed at month-end
- Discrepancies visible the moment a status doesn't match expectation, not during a batch reconciliation
- Financial reports draw from the same live cheque data, so reconciliation and reporting never disagree
FAQ
Does this remove the need for bank reconciliation entirely?
It removes the need to reconstruct cheque status from scratch each month — bank-side reconciliation still confirms the cheque data against the account.