Bank Reconciliation

(0) Share

Report

Posted on by Community Member

My understanding is that in the bank reconciliation process, person 1 should be reconciling the bank and once it is balanced, higher level person 2 should review the month and be the person 2 click "reconcile". Doesn't this produce a final set of reports under the higher level person 2's credentials effectively acting as an electronic sign off?

*This post is locked for comments

I have the same question (0)

All responses (1)

Answers (0)

Suggested answer

MattPaulen 6,912 on at

Like (0)

Report
Copy link

Link copied!

There's not really a right or a wrong way on how to do the reconciliation process in how you described. It's more of a business decision. But yes, the person that clicks Reconcile will be the one that is tagged to that particular reconciliation and a set of reports will print.

Was this reply helpful? Yes No