Zeevo explores approaches to completing timely and accurate account reconciliations.
It is important to examine the contents of the balance sheet accounts to verify that the recorded assets and liabilities are supposed to be there. It is quite possible that some items are still listed in an account that should have been flushed out of the balance sheet a long time ago, which can be quite embarrassing if they are still on the books when the auditors review the books and records periodically and at year-end.
Here are several situations that a proper account reconciliation would have caught:
These issues and many more are common problems encountered at year-end.
To prevent the extensive embarrassment and error corrections caused by these problems, Zeevo explores a number of leading practices, offering your business tips on how to effectively conduct account reconciliations every month for the larger accounts, and occasionally review the detail for the smaller accounts, too.
Submit the form and download Zeevo Tips on Account Reconciliations.
Request the Download
and receive tips on streamlining
your account reconciliations
You will be redirected to a download page.
Please check your email inbox for a password.