Account reconciliations

Account reconciliations are one of the most critical, yet often neglected, internal accounting controls within any business.

They’re critical because account reconciliations identify discrepancies between a company’s general ledger and the balance detail. By bringing the two financial records into an adjusted, reconciled state, you ensure more accurate financial reporting.

Based on our proven track record our account reconciliation process typically involves: stabilizing the variance … understanding process flow … detailing outstanding transactions … researching outstanding items … and preparing correcting journal entries.

Our approach can also include policy and process development, training, and creation of tools to make the process more efficient and manageable, including automation.