How does bank reconciliation work in co-ownership?

Bank reconciliation matches accounting entries with actual bank transactions.

Pro Syndic

Voluntary Syndic

Federal rule — applies throughout Belgium

Bank reconciliation verifies that accounting entries correspond to actual bank movements.

Recommended frequency:

Monthly at minimum
Weekly for large co-ownerships
Essential before year-end closing

Items to verify:

Amount consistency
Unmatched operations
Errors or duplicates
Period-end balances

Klarencia automatically reconciles entries with statements imported via CodaBox or CODA file.

Legal references

Article 3.89 §5 Civil Code — Accounting by the syndic

Klarencia automates bank reconciliation with CodaBox import.

Related questions

Is PCMN accounting mandatory for all co-ownerships?

Whether PCMN standardised accounting is required depends on the size of the co-ownership.

How are share quotas (tantièmes) calculated in co-ownership?

Share quotas determine each co-owner’s portion of charges and voting rights.

Disclaimer

The information provided is for informational purposes only and does not constitute legal advice. If in doubt, consult a qualified professional (solicitor, notary, accountant, or IPI-accredited professional syndic). Klarencia is a management tool and does not replace professional advice.

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