Reconciliation
Reconciliation Is An Accounting Process To Cross Verify Two Different Yet Related Sets Of Records To Ensure That They Agree.
Reconciliation is the process of comparing transactions and activity to supporting documentation.
It also can be put in other way as any comparison of the interconnected transaction, financial or otherwise to find out the difference(s) if any. Now a day due to increasing volume of banking transactions, most organisations do carry out bank reconciliations but very few reconcile other ledgers and documents. We at BeJOS, recommend and provide service of following types of reconciliations to our clients for better control over accounts:
- Cash and Bank book Reconciliations
- General Ledger Reconciliations
- Intercompany Reconciliations
- Stock Reconciliations
- Supplier Statement Reconciliations
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