reconciliation - Account reconciliation methodology and best practices
Reconcile accounts by comparing GL balances to subledgers, bank statements, or third-party data.
Tags
Updated: 2026-09-19Capabilities
Typical Inputs
Typical Outputs
What this skill does
- Compare GL to subledger balances
- Reconcile GL cash to bank statements
- Reconcile intercompany balances
- Categorize reconciling items
- Perform aging analysis for outstanding items
- Track escalation thresholds
Inputs
- General ledger control account balances
- Subledger detail reports
- Bank statements
- Intercompany balances
Outputs
- Adjusted balance reconciliation schedules
- Reconciling item aging reports
- Adjusting journal entries
- Escalation notifications