Balance Sheet Reconciliation Template

Balance Sheet Reconciliation is an Essential Internal Control Measure

Preparing and reviewing balance sheet reconciliations monthly is crucial for maintaining effective internal controls.

Some reconciliations should be completed before closing, and some can be prepared once books are closed.

It is extremely important to remember to prepare them monthly without fail.

Many of these reconciliations are already automated and can be directly retrieved from systems.

However, if you are still preparing them manually, here are some schedules that could be useful.

These schedules are included:

✅ Intercompany Reconciliation
✅ Bank Reconciliation
✅ GL Accounts Reconciliation (create one schedule per GL account)
✅ Fixed Assets & Depreciation Schedule
✅ Fixed Assets Movement Schedule - 12 months movement
✅ Accumulated Depreciation Schedule - 12 months movement


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