Balance Sheet Reconciliation

Why we have to prepare Balance Sheet Reconciliation?

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  • Mar 1st, 2017

To know the financial position, for that we prepare the balance sheet.

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  • Apr 8th, 2017

Balance Sheet reconsillation is done to verify the value of each line items standing in the account.

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  • Apr 24th, 2017

We are preparing the balance sheet reconciliation to ensure the accuracy of the financial statement. If there is any variance in the balance sheet GL we are identifying through reconciliation and rectifying the same.

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  • May 12th, 2017

BS reconciliation means Preparing, Reviewing of BS schedules pertaining to Assets/Liabilities like, trade Payables, GRIR Ledger review, Pre-Paid Expenses/Incomes Review, Loans & Advances ageing, review and action on long pending recoveries, DSO actual vs Target. Likewise all those critical BS ledgers status review and action for cleanup or keep it upto date so that the figures shown in the ledgers reflect the true status of its business.

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