What steps and processes are involved in reconciling discrepancies and variances during the account finalization process?
Financial Reconciliation Financial Reconciliation discrepancies and variances during the account finalization process involves several crucial steps and processes to ensure accuracy and integrity in financial reporting. 1. Identification of Discrepancies: The first step is to identify any discrepancies or differences between various financial records, statements and supporting documents. This could include discrepancies in balances,… Read More »