Page Comparison

The purpose of an account reconciliation reconciliation is to confirm that the account balance is accurate, valid, and complete. An reconciliation compares the account balance between the General Ledger and the outside source. Any outstanding items (unmatched) should be researched to determine if an Adjusting Journal Entries (AJE) is necessary.

Example: Use Tax Account Reconciliation

Example: Bank Account Reconciliation

Account balance for the bank account is as follow:

General Ledger:

Bank Statement:

Account Reconciliation Template:

Each account balance is subject to a reconciliation, below lists the expected reconciling frequency for different account types.Image Removed

...

Refer to which GL accounts belong to each FS Line Item in the file below:

...