RecWise Description

The reconciliation should start with comparing the General Ledger closing amount to the sub-ledger, or other relevant sources (such bank statements or other documents from third parties). The two should be compared to determine if there are any differences. If necessary, correcting journals should be posted to the general ledger and sub-ledger. To provide visibility, anomalies should be recorded as reconciliation items. The reconciliation should be complete and the balances must match. All documentation must be attached. The reconciliation will be approved if it passes the review process. The standardised process and a framework can greatly improve the reconciliation process at each month's end.

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Company Details

Company:
RecWise
Year Founded:
2017
Headquarters:
Australia
Website:
www.recwise.com

Media

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Product Details

Platforms
SaaS
Windows
Type of Training
Documentation
Customer Support
Phone Support
Online

RecWise Features and Options

Audit Software

Alerts / Notifications
Audit Planning
Compliance Management
Dashboard
Exceptions Management
Forms Management
Issue Management
Mobile Access
Multi-Year Planning
Risk Assessment
Workflow Management

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