An accountant cannot reconcile merchant deposits from a TD account because the statement only shows percentages of invoice amounts without transaction details, and the account is locked under previous owners.

Workarounds Described

• Manually trying to match similar transaction amounts without detailed data
• Attempting to eliminate transactions to guess-match deposits

Implied Software Gaps

• Automated reconciliation tool with detailed merchant transaction data
• Platform that maintains access to historical merchant accounts during ownership changes

MerchantReconcile Pro

A cloud-based reconciliation platform that automatically imports and matches merchant deposit data from multiple bank accounts with detailed transaction-level insights, even during ownership transitions. It provides audit trails and integrates with accounting software to eliminate manual guesswork and reduce errors during business handovers.