Audience
Audit solution for companies
About RecWise
A reconciliation should begin with comparing the General Ledger closing balance to the sub-ledger or other relevant sources (such as bank statements or other third-party documents). Differences between the two need to be investigated, quantified, and where possible, resolved by posting correcting journals to the general ledger or sub-ledger as required. Anomalies should be recorded as reconciling items to provide visibility. The balances should match and be fully supported with all documentation attached to the reconciliation. The review process ensures the reconciliation is complete, and you can also add a layer to approve the reconciliation being complete. A framework and a standardised process go a long way to improve the reconciliation process each month-end.
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Integrations
No integrations listed.
Company Information
RecWise
Founded: 2017
Australia
www.recwise.com
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Product Details
Platforms Supported
Cloud
Windows
Training
Documentation
Support
Phone Support
Online
RecWise Product Features
Audit
Compliance Management
Dashboard
Exceptions Management
Risk Assessment
Workflow Management
Alerts / Notifications
Audit Planning
Forms Management
Issue Management
Mobile Access
Multi-Year Planning