Fintech Lab
Lesson 8State and lifecycleIntermediate
End-of-day reconciliation
Your books and the provider's books will drift. That is normal.

It is end of day. You pull your provider statement. Your books say they owe you ₦9,850. Their statement says ₦9,800. ₦50 missing. Where did it go? They charged a transaction fee that you did not book. Reality drifted from your ledger. You fix it with an adjusting entry, the routine, daily work that keeps a fintech's books honest.

Fintech Lab is a free, interactive lab for fintech engineers. Real ledger, your own sandbox, engineering patterns from production. See all 85 lessons.

Search lessons

Type to find any of the 85 lessons. Press Enter to open.