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What Is Gl Reconciliation? |
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Answer» GL Reconciliations are list of items that make up a GL account. For example, list of CURRENT unreversed accruals in a Sundry Creditors BALANCE sheet account. The items in RECONCILIATION should be identified and regularly monitored on a monthly basis to ensure items reverse out in late PERIODS or are CHARGED out to P&L. GL Reconciliations are list of items that make up a GL account. For example, list of current unreversed accruals in a Sundry Creditors Balance sheet account. The items in Reconciliation should be identified and regularly monitored on a monthly basis to ensure items reverse out in late periods or are charged out to P&L. |
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