KNIME for Finance - Bank Reconciliation

Account Reconciliation is a crucial part of every company's accounting process, and helps to ensure that - you know where your money is coming from and going to, - all your transactions are properly documented, and - the internal financial ledgers and statements are in line with the external financial statements In this video we focus on one specific type of Account Reconciliation: Bank Reconciliation. We explain the four steps required to perform Bank Reconciliation and show how to do it semi-automatic using KNIME Analytics Platform. Download the workflows shown in the video from the KNIME Community Hub here: https://hub.knime.com/knime/spaces/Finance,%20Accounting,%20and%20Audit/Bank%20Reconciliation~t99Fu8W-wkd8K69q/ The sample data used is available for download from Kaggle: https://www.kaggle.com/datasets/fozianazar/bank-reconciliation-statement