Ledger Reconciliations

Ledger reconciliation is the process of verifying that the account balances in an organisation's general ledger are accurate and complete by comparing them to supporting documents. It involves identifying and correcting any discrepancies to ensure the financial records are reliable and to correct errors and prevent fraud. This is a key internal financial control, performed monthly, or quarterly to tie in with the management accounts.

All the main control account reconciliations are covered:

Bank and Cash; Debtors and Creditors; Wages/Salaries and PAYE/NI and pension control accounts and Fixed Assets

At year end all key reconciliations and schedules are produced for the audit pack to send to your accountant.