reconciliation

To reconcile GL balances, compare the period-end general ledger data against bank statements and subledger reports to surface variances. This workflow verifies posting accuracy across cash, AR, and AP accounts for month-end closes.

Intercompany reconciliation compares balances across internal entities to identify mismatches. Aging analysis categorizes outstanding reconciling items by time bucket to prioritize resolution and ensure accurate period-end settlements.

Yes, standardized reconciliation templates apply to monthly balance sheet reconciliations. They enforce consistent item categorization and escalation rules across AR, AP, cash, and fixed asset accounts during period-end closes.

The best way to investigate reconciliation variances is to run a workflow comparing GL balances to subledger and bank data. This surfaces discrepancies for review, supports item categorization, and triggers escalation rules for unresolved items.

Yes, the reconciliation process handles fixed assets and AP accounts. It compares GL balances to subledger data across these categories, applying aging analysis and escalation rules to ensure close accuracy.

GL to subledger balances mismatch during period-end close due to posting errors, timing differences, or unrecorded transactions. Reconciling these accounts surfaces variances for investigation and categorizes items by aging buckets.