Reconciliation
Inter-account reconciliation and balance verification.
Purpose
The Reconciliation utility verifies that related accounts agree with each other — such as sub-ledger to general ledger reconciliation, intercompany balances, or control account verification.
Usage
/accounting:reconciliation <project>What It Does
- Identifies account pairs or groups requiring reconciliation
- Extracts balances from both sides
- Matches individual items and identifies differences
- Investigates and classifies reconciling items
- Documents resolution actions for outstanding items
Output
- Reconciliation worksheets for each account pair
- Reconciling items with classifications (timing, errors, omissions)
- Action items for unresolved differences