Bank reconciliation
Learn how to reconcile your Yorlet and owner payouts with cash in your bank.
The bank reconciliation report enables you to reconcile payouts paid to you by Yorlet and owner payouts you’ve made to third parties with the cash in your bank account, helping you track the cash from your business as it moves from Yorlet to your bank and your bank to owners.
How bank reconciliation works
To enable the reconciliation, link your bank account on Yorlet and approve access for reconciliation.
After you provide access to your bank account, Yorlet automatically reconciles the Yorlet payouts with the corresponding deposit in your bank account to determine the amount received and any outstanding balance. You can then access the details of each Yorlet payout, the bank deposit, and the corresponding reconciliation statuses from the Dashboard.
Link bank account
To link your bank account, follow these steps:
- Initiate the process: Click the Link bank account button on the linked accounts page.
- Select your bank: Review the linked account terms, and make sure you select the bank where your Yorlet payouts are being deposited.
- Select the account: Select the account where your Yorlet payouts are being deposited.
- Confirmation: You’ll see a success message when the link is successful. This might take a few minutes to complete.
Yorlet will now automatically reconcile the Yorlet payouts with the corresponding deposit in your bank account. Please note that the reconciliation process might take a few hours to complete, we will email you once the reconciliation is complete.