Introduction
The purpose of an account reconciliation is to confirm that the account balance is accurate, valid, and complete. A reconciliation needs to compare the General Ledger account balance with an outside source. Any outstanding items (unmatched) should be researched to determine if an Adjusting Journal Entry (AJE) is necessary.
Example: Use Tax Account Reconciliation
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Example: Bank Account Reconciliation
Account balance for the bank account is as follow:
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For each account reconciliation your department owns, please save your reconciliation within one week of month-end close (refer to the Month-End Close Schedule).
Please reach out to generalledger@spu.edu with any questions.
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