Activities and Responsibilities for SayProCFR-9 SayPro Accounting Services Office – Accounts Reconciliation Unit

SCFR-9 SayPro Quarterly Bank Reconciliation

SCFR-9 SayPro Monthly Collect Bank Statements: Obtain bank statements for all organizational accounts for the reconciliation period
SCFR-9 SayPro Monthly Compare Bank Statements with Ledger: Match transactions listed on bank statements with entries in the general ledger
SCFR-9 SayPro Monthly Identify Discrepancies: Identify any differences between bank statement entries and ledger records
SCFR-9 SayPro Monthly Investigate Reconciling Items: Investigate discrepancies, such as outstanding checks or deposits in transit
SCFR-9 SayPro Monthly Adjust Ledger Entries: Make necessary adjustments in the ledger to correct any discrepancies identified
SCFR-9 SayPro Monthly Update Bank Reconciliation Records: Document all reconciliation activities and adjustments made
SCFR-9 SayPro Monthly Reconcile Bank Fees and Charges: Verify and reconcile bank fees and charges with the general ledger
SCFR-9 SayPro Monthly Review Bank Reconciliation Reports: Prepare and review reconciliation reports for accuracy and completeness
SCFR-9 SayPro Monthly Ensure Compliance: Ensure bank reconciliation processes comply with internal controls and regulatory requirements
SCFR-9 SayPro Monthly Archive Reconciliation Documentation: Maintain and archive reconciliation records for future reference and auditing

SCFR-9 SayPro Quarterly Credit Card Reconciliation

SCFR-9 SayPro Monthly Collect Credit Card Statements: Obtain statements from all company credit card accounts for the reconciliation period
SCFR-9 SayPro Monthly Match Credit Card Transactions with Ledger: Reconcile credit card transactions with entries in the general ledger
SCFR-9 SayPro Monthly Verify Credit Card Charges: Check that credit card charges are accurately recorded and supported by receipts
SCFR-9 SayPro Monthly Identify and Investigate Discrepancies: Detect and investigate any discrepancies between credit card statements and ledger records
SCFR-9 SayPro Monthly Adjust Credit Card Entries: Update the general ledger with corrections for any discrepancies found
SCFR-9 SayPro Monthly Reconcile Credit Card Payments: Verify and reconcile payments made to credit card accounts with statement balances
SCFR-9 SayPro Monthly Review Credit Card Reconciliation Reports: Prepare and review credit card reconciliation reports for accuracy
SCFR-9 SayPro Monthly Monitor Unreconciled Transactions: Track and follow up on any unreconciled credit card transactions
SCFR-9 SayPro Monthly Ensure Compliance: Adhere to internal controls and policies during the reconciliation process
SCFR-9 SayPro Monthly Maintain Documentation: Archive credit card reconciliation records and supporting documentation

SCFR-9 SayPro Quarterly Vendor Statement Reconciliation

SCFR-9 SayPro Monthly Collect Vendor Statements: Obtain statements from all vendors for the reconciliation period
SCFR-9 SayPro Monthly Compare Vendor Statements with Accounts Payable: Match vendor statement transactions with entries in the accounts payable ledger
SCFR-9 SayPro Monthly Identify and Resolve Discrepancies: Detect and resolve discrepancies between vendor statements and ledger records
SCFR-9 SayPro Monthly Verify Vendor Invoices: Ensure that invoices on vendor statements are accurately recorded and matched with purchase orders
SCFR-9 SayPro Monthly Reconcile Vendor Payments: Verify and reconcile payments made to vendors with statement balances
SCFR-9 SayPro Monthly Adjust Vendor Accounts: Update the accounts payable ledger to reflect corrections for discrepancies identified
SCFR-9 SayPro Monthly Review Vendor Reconciliation Reports: Prepare and review reports summarizing vendor reconciliations
SCFR-9 SayPro Monthly Address Vendor Disputes: Resolve any disputes or issues with vendors related to reconciliation discrepancies
SCFR-9 SayPro Monthly Monitor Outstanding Items: Track and follow up on outstanding items or unresolved discrepancies
SCFR-9 SayPro Monthly Ensure Compliance: Ensure that vendor reconciliations adhere to organizational policies and controls

SCFR-9 SayPro Quarterly Intercompany Reconciliation

SCFR-9 SayPro Monthly Collect Intercompany Statements: Obtain statements from all intercompany accounts for the reconciliation period
SCFR-9 SayPro Monthly Match Intercompany Transactions: Reconcile transactions between intercompany accounts to ensure consistency
SCFR-9 SayPro Monthly Identify Discrepancies: Detect any discrepancies between intercompany records and statements
SCFR-9 SayPro Monthly Investigate and Resolve Issues: Investigate discrepancies and resolve issues through communication with involved parties
SCFR-9 SayPro Monthly Adjust Intercompany Entries: Update entries in intercompany accounts to correct discrepancies
SCFR-9 SayPro Monthly Prepare Intercompany Reconciliation Reports: Generate and review reports on intercompany reconciliations
SCFR-9 SayPro Monthly Verify Intercompany Balances: Ensure that intercompany account balances match across all entities
SCFR-9 SayPro Monthly Monitor Unresolved Items: Track and address any unresolved intercompany reconciliation items
SCFR-9 SayPro Monthly Ensure Compliance: Adhere to internal controls and accounting standards for intercompany reconciliations
SCFR-9 SayPro Monthly Maintain Documentation: Document and archive reconciliation activities and supporting materials