Reconciling Transactions

Reconciling Transactions

Reconciliation is the process of matching bank transactions with your Latch payment and expense records.

Automatic Matching

Latch automatically attempts to match transactions based on:

• Amount — Does the transaction amount match an expected rent payment?
• Timing — Is the transaction close to a payment due date?
• Description — Does the bank description contain a tenant's name or reference?

Automatic matches are shown with a confidence indicator. High-confidence matches are highlighted.

Manual Reconciliation

For transactions that are not automatically matched:

1. Go to Payments > Transactions.
2. Click on an Unmatched transaction.
3. Choose an action:
   • Match to Payment — Select an existing unreconciled payment.
   • Create Payment — Create a new payment from this transaction.
   • Match to Expense — Link to an existing expense.
   • Create Expense — Create a new expense from this transaction.
   • Exclude — Ignore this transaction (e.g. personal spending).

Reconciliation Dashboard

The Payments section shows a reconciliation summary:

• Number of matched transactions.
• Number of unmatched transactions requiring attention.
• Total reconciled vs unreconciled amounts.

Tip: Set up categorisation rules (see next article) to automate matching for recurring transactions like mortgage payments.