In very simple terms, a bank reconciliation statement is one that shows you the differences in your bank statement that you get from your bank, and the balances that are showing in your accounting software.
There are two types of Bank Reconciliation in ERPNext. The Manual and the Semi-automated types. In today’s article, we will only look at the semi automated bank reconciliation, but we may mention one or two things about the manual bank reconciliation.
See more details from this ERPNext documentation link.
