Your checklists (
0
)
AI Checklist Generator
From the makers of
Manifestly Checklists
Sign in
Email address
Email me a magic link
Home
> balance sheet reconciliation checklist
balance sheet reconciliation checklist
Balance Sheet Reconciliation Checklist
Cash and Cash Equivalents
Verify cash balance per bank statement matches general ledger
Reconcile outstanding checks and deposits
Investigate any discrepancies between bank statement and general ledger
Accounts Receivable
Confirm accounts receivable balance matches aging report
Follow up on any overdue or disputed accounts
Review allowance for doubtful accounts for accuracy
Inventory
Perform physical count of inventory
Compare inventory balance to general ledger
Investigate any variances between physical count and general ledger
Accounts Payable
Verify accounts payable balance matches vendor statements
Reconcile open invoices and payments
Investigate any discrepancies in accounts payable balance
Accrued Expenses
Confirm accrued expenses balance matches accrual schedule
Review invoices and receipts supporting accruals
Investigate any differences between accrual schedule and general ledger balance
Long-Term Debt
Confirm long-term debt balance matches loan agreements
Review payment schedule and interest calculations
Investigate any discrepancies in long-term debt balance
Equity
Verify equity balance matches capital accounts
Review retained earnings for accuracy
Investigate any unusual transactions affecting equity
Miscellaneous
Review any other balance sheet accounts not covered in previous sections
Investigate any discrepancies or unusual balances
Document any findings and resolutions to discrepancies
Download CSV
Download JSON
Download Markdown
Use in Manifestly
Use in Manifestly