Automate reconciliations with Power Query | Excel Off The Grid

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★ About this video ★
Reconciliations are a common and time-consuming activity for finance and data professionals. So, in this video, we look at how to automate reconciliations with Power Query.

A reconciliation is nothing more than comparing two pieces of information and ensuring they contain the same values. Unfortunately, reconciliations can be time-consuming, as a user may need to work down each list and tick off the items that are the same (literally with a pen and paper or on-screen). Then, the remaining items that are not the same need to be investigated so that corrective action can be taken.

Where all inputs contain a shared reference, we can automate the reconciliation process with Power Query. It can't investigate the differences but can certainly find them in a few seconds.

0:00 Introduction
0:29 Method
0:56 Example Files
1:45 Step 1: Create unique list
3:30 Step 2: Merge back to unique list
6:09 Step 3: Calculate variance
7:17 Result
7:50 What if records are not unique?
8:57 Conclusion

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