Balance Sheet Accounts Reconciliation

by Vote for Pedro

Very simply, how does one do reconciliations of balance sheet accounts?

Reconciliation's of balance sheet accounts are typically done on a monthly basis.

The reconciliation is accomplished by obtaining a monthly account statement showing the ending balance at the end of the month and matching this balance to what is showing on the balance sheet on the same date.

Any difference in the amounts should then be able to be accounted for through listing all of the outstanding deposits and withdrawals.

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