Reconciliation
Reconciliation is where records meet the account activity.
Available statements and recorded transactions are compared within an agreed period so differences can be identified for review.
04
HD Marks / New York
Record side / A
What has been recorded.
- Bank accounts
- Credit cards
- Recorded transactions
Source side / B
What the available statements show.
- Statement periods
- Account activity
- Items requiring clarification
Differences may point to timing, incomplete information, duplicate entries, or other matters requiring context. The work does not create assurance beyond the source records available.
Next entry / 01
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