Optimizing Period End GL Balance Sheet Account Reconciliation

30 Sep 2020
Company
Date submitted
30 Sep 2020
Resource type
Best practice
File type
pdf PDF file (141.74K)
Businesses face two very different types of reconciliation. On the one hand there is a need to perform a much more transaction focused, possibly daily (dependent upon volumes), reconciliation, e.g. the bank account reconciliation; on the other there is a need to verify account balances in the general ledger.

So why automate you ask yourself? Why use technology for a process that, at most, happens once a month and often with less frequency for certain lower risk accounts? Read on...
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