Tag Archives | reconciliation

What Have You Done to Prepare for Year-End?

If your accounting system is current and reconciled monthly, you are already on the right track! If not, now is the time to research and resolve discrepancies so the year can be closed with confidence. Tips and Reminders Reconciliations & Year-End Processing Establish a schedule and allocate responsibilities. Follow up on and resolve outstanding issues. […]

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Reconcile what…when…HOW?!

Small business owners often view cash as “the account” to reconcile. While cash is a critical item, that is not the only reconciliation to be done. Best practice is to reconcile all Balance Sheet accounts on a monthly basis and subsequently close the period once final. It is helpful to maintain a checklist of accounts […]

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