reconciliation

To reconcile GL balances, compare GL totals against subledger reports and bank statements to identify discrepancies, categorize differences, and produce a closed, categorized balance for period-end close workflows.

Bank reconciliation compares your bank balance to the GL, identifying deposits in transit, outstanding checks, and bank charges to systematically categorize and resolve differences during the close process.

Yes, intercompany reconciliation works across related entities by comparing intercompany balances to identify mismatches and categorize reconciling items for escalation and resolution.

Aging analysis evaluates unreconciled differences across AR, AP, cash, inventory, and fixed assets by applying escalation thresholds to aging items requiring investigation or adjustment.

You need period-end GL balances, subledger reports, and bank statements to run the reconciliation workflow, which then categorizes differences as timing differences, adjustments required, or items requiring investigation.

Reconciling items are categorized into three types: timing differences, adjustments required, and items requiring investigation, enabling structured resolution and escalation workflows for unresolved balances.