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you can reconcile balance sheet items but in Tb as its included Balance sheet items and income statement accounts, in income statement items u r not reconciling instead u doing variance analysis comparing to last months or year expenses. easy way to reconcile the balance sheet items is to have schedule for each and every item. in details bank and supplier reconciliation, AP and AR ageing reports, schedule of accruals, prepayment schedule, related party confirmations, deposits schedules, FA schedules etc are a part of this you compare with system generated BS..
Thanks Mr. Noman for your cooperation.
Now in today's Accounting systems / ERP some controls are placed in the preparaion of vouchers. the basic control is that the vouchers (Transactions) should be equal on both side (Debit=Credit) so the trial Balances in not unbalanced at any stage. this realy helps. Below are the steps that might be very helpful for the preparation of Financial statemetns.
Firstly balance the TB if it is balanced then the Balance will also be balanced.
Secondly review your balance sheet from business and accounting point of view.
makes changes and formulates a revised balance sheet.