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What is a Suggested Match?

An explanation of what a Suggested Match is on the reconciliation page

Written by Elliot Palmer
Updated this week

Suggested Match

At the top of the Reconcile page you'll see a series of filterable tiles showing a breakdown of your transactions by type. The Suggested Match tile shows any transactions where Street has found a likely match to an existing ledger entry.

What triggers a Suggested Match?

A Suggested Match occurs when the amount and reference of an imported bank transaction are both identical to those of an existing transaction already in Street. The date is not a factor, as the date a payment physically clears at the bank may differ from the date it was recorded in Street.

This most commonly applies to outgoing transactions, as these are already created in Street during the Payments to Make stage. However on rare occasions it can also apply to incoming transactions if they have been receipted onto a ledger in Street beforehand.

Suggested Match transactions are displayed in blue in the transaction list.

Reconciling a Suggested Match

When you reconcile a suggested match, you are not receipting any new money into Street - the transaction already exists in the system. You are simply confirming that the bank transaction and the Street ledger entry are the same thing, and marking them as reconciled against each other.

If the suggested match looks correct, click Reconcile to confirm it. The transaction will be marked as reconciled and removed from the list.

What if the suggested match is wrong?

If the suggestion isn't correct, click the Options drop down on the transaction to see your options. What's available depends on whether the transaction is incoming or outgoing.

Outgoing transactions

  • Find Transaction - search for a specific transaction to reconcile against

  • Find Batch Payment - search for a batch payment to reconcile against

Incoming transactions

  • Link Payment - manually link the transaction to a tenancy

  • Find Existing Transaction - search for a different ledger entry to reconcile against

  • Add to Suspense Account - move the transaction to the suspense account to deal with later

  • Split Payment - split the amount across multiple tenancy ledgers

Street is constantly being updated. This can mean that some of these articles become slightly out of date. If you spot something that looks a little bit different to your Street account, please let us know on the live chat so we can get it updated!

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