Reconciliations

Reconciliations are important checks. They compare two sets of related records or balances from different sources. These checks help find differences between the records or balances.

When differences appear, you should:

1. Find out why they happened, like timing differences or errors.

2. Fix the differences as soon as you can.

3. Keep documentation that explains how you solved the differences.

Supervisors should periodically review key reconciliations to make sure that:

1. Staff perform reconciliations on time.

2. Staff clearly explain and fix the differences.

Date this Avoiding Pitfall was most recently published: 10/2/2026