Back to Search
Start Over
Are Your Account Reconciliations Accurate?
- Source :
-
Strategic Finance . May2010, Vol. 91 Issue 11, p43-46. 4p. - Publication Year :
- 2010
-
Abstract
- The article discusses the benefits of using enterprise resource planning (ERP) accountancy programs to help companies track and control their financial data. It is recommended that firms reconcile accounts monthly to aid external auditors in verifying financial statements. A definition for account reconciliation is provided and the components are discussed, including the importance of reports, the account balance, calculations, explanations, and supporting documents.
Details
- Language :
- English
- ISSN :
- 1524833X
- Volume :
- 91
- Issue :
- 11
- Database :
- Academic Search Index
- Journal :
- Strategic Finance
- Publication Type :
- Periodical
- Accession number :
- 50211805