{"id":19076,"date":"2025-02-17T04:53:28","date_gmt":"2025-02-17T09:53:28","guid":{"rendered":"https:\/\/www.sage.com\/en-us\/blog\/?p=19076"},"modified":"2025-07-17T14:36:50","modified_gmt":"2025-07-17T18:36:50","slug":"what-is-account-reconciliation","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-us\/blog\/what-is-account-reconciliation\/","title":{"rendered":"Account reconciliation: What it is and best practices"},"content":{"rendered":"<header class=\"entry-header has-dark-background-color entry-header--has-illustration entry-header--has-illustration--generic\">\n\t<div class=\"container\">\n\t\t<div class=\"entry-header__row row align-center\">\n\t\t\t<div class=\"col col-lg-7 col-xlg-6 entry-header__content\">\n\t\t\t\t\t\t\t<div class=\"component component-single-header\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"entry-header__misc text--subtitle text--uppercase text--small\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/category\/strategy-legal-operations\/\" class=\"entry-header__link\">Strategy, Legal &amp; Operations<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<div class=\"entry-title-wrapper\">\n\t\t\t\t\t<h1 class=\"entry-title\">\n\t\t\t\t\t\tAccount reconciliation: What it is and best practices\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t<p class=\"entry-header__description\">\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t<div class=\"single-post-details container\">\n\t\t<div class=\"col\">\n\t\t\t<span class=\"posted-on \">Published <time class=\"entry-date published\" datetime=\"2025-02-17T04:53:28-05:00\">February 17, 2025<\/time><\/span><span class=\"reading-time\"> min read<\/span>\n\t\t<button\n\t\t\ttype=\"button\"\n\t\t\tclass=\"social-share-button button button--icon button--secondary js-social-share-button\"\n\t\t\tdata-share-title=\"Account reconciliation: What it is and best practices\"\n\t\t\tdata-share-url=\"https:\/\/www.sage.com\/en-us\/blog\/what-is-account-reconciliation\/\"\n\t\t\tdata-share-text=\"Please read this interesting article\"\n\t\t>\n\t\t\t<span class=\"social-share-button__share-label\">Share<\/span>\n\t\t\t<span class=\"social-share-button__copy-label\" hidden>Copy Link<\/span>\n\t\t\t<span class=\"social-share-button__copy-tooltip\" aria-hidden=\"true\" hidden>Copied<\/span>\n\t\t<\/button>\n\n\t\t\t\t<\/div>\n\t<\/div>\n\t<\/header>\n\n\n\n<div class=\"wp-block-post-author has-dark-background-color alignfull\">\n\t<div class=\"container\">\n\t\t<div class=\"col\">\n\t\t\t\t\t\t\t<div class=\"co-authors\">\n\t\t\t\t\t\n\t\t<div class=\"entry-author-wrapper\">\n\t\t\t<a class=\"entry-author\" href=\"https:\/\/www.sage.com\/en-us\/blog\/author\/yassirmalik\/\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"40\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/03\/Yassir-Malik.jpg\" class=\"entry-author__image\" alt=\"yassir-malik-profile-picture\" \/>\t\t\t\t<span class=\"entry-author__name\">Yassir Malik<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n\n\n<p class=\"wp-block-paragraph\">Think of account reconciliation like solving a puzzle.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You compare numbers, spot any strange differences, and make sure every figure lines up.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It might sound tedious but keeping accurate accounts isn\u2019t just about neat books. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This helps your business stay transparent, compliant, and on solid financial footing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Still, many businesses struggle with reconciliation because of messy record-keeping. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When accounts don\u2019t match, problems can quickly snowball.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The good news?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It doesn\u2019t have to be this way.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In this article, we break down the ins and outs of account reconciliation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We also share best practices you can start using now to keep your finances in check.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-here-s-what-we-ll-cover\"><strong>Here\u2019s what we&#8217;ll cover:<\/strong><\/h3>\n\n\n<?xml encoding=\"utf-8\" ?><div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><ul><li><a href=\"#h-here-s-what-we-ll-cover\" data-level=\"3\">Here&rsquo;s what we&#8217;ll cover:<\/a><\/li><li><a href=\"#h-what-is-account-reconciliation\" data-level=\"2\">What is account reconciliation?<\/a><\/li><li><a href=\"#h-the-importance-of-account-reconciliation\" data-level=\"2\">The importance of account reconciliation<\/a><ul><li><a href=\"#h-reduced-missed-payments\" data-level=\"3\">Reduced missed payments<\/a><\/li><li><a href=\"#h-monitor-financial-health\" data-level=\"3\">Monitor financial health<\/a><\/li><li><a href=\"#h-detect-fraudulent-transactions\" data-level=\"3\">Detect fraudulent transactions<\/a><\/li><li><a href=\"#h-control-spending\" data-level=\"3\">Control spending<\/a><\/li><li><a href=\"#h-reduced-missed-payments-0\" data-level=\"3\">Reduced missed payments<\/a><\/li><\/ul><\/li><li><a href=\"#h-account-reconciliation-methods\" data-level=\"2\">Account reconciliation methods<\/a><ul><li><a href=\"#h-1-the-documentation-method\" data-level=\"3\">1. The documentation method<\/a><\/li><li><a href=\"#h-2-the-analytics-method\" data-level=\"3\">2. The analytics method<\/a><\/li><\/ul><\/li><li><a href=\"#h-types-of-account-reconciliation\" data-level=\"2\">Types of account reconciliation<\/a><ul><li><a href=\"#h-balance-sheet-reconciliation\" data-level=\"3\">Balance sheet reconciliation<\/a><\/li><li><a href=\"#h-general-ledger-reconciliation\" data-level=\"3\">General ledger reconciliation<\/a><\/li><li><a href=\"#h-bank-reconciliation\" data-level=\"3\">Bank reconciliation<\/a><\/li><li><a href=\"#h-account-receivable-reconciliation\" data-level=\"3\">Account receivable reconciliation<\/a><\/li><li><a href=\"#h-inventory-reconciliation\" data-level=\"3\">Inventory reconciliation<\/a><\/li><li><a href=\"#h-credit-card-reconciliation\" data-level=\"3\">Credit card reconciliation<\/a><\/li><li><a href=\"#h-digital-wallet-reconciliation\" data-level=\"3\">Digital wallet reconciliation<\/a><\/li><li><a href=\"#h-account-payable-reconciliation\" data-level=\"3\">Account payable reconciliation<\/a><\/li><li><a href=\"#h-multi-entity-reconciliation\" data-level=\"3\">Multi-entity reconciliation<\/a><\/li><\/ul><\/li><li><a href=\"#h-account-reconciliation-process\" data-level=\"2\">Account reconciliation process<\/a><ul><li><a href=\"#h-1-gather-your-records\" data-level=\"3\">1. Gather your records<\/a><\/li><li><a href=\"#h-2-compare-balances\" data-level=\"3\">2. Compare balances<\/a><\/li><li><a href=\"#h-3-spot-discrepancies\" data-level=\"3\">3. Spot discrepancies<\/a><\/li><li><a href=\"#h-4-adjust-and-communicate\" data-level=\"3\">4. Adjust and communicate<\/a><\/li><\/ul><\/li><li><a href=\"#h-account-reconciliation-best-practices\" data-level=\"2\">Account reconciliation best practices<\/a><ul><li><a href=\"#h-reconcile-regularly\" data-level=\"3\">Reconcile regularly<\/a><\/li><li><a href=\"#h-leverage-automation\" data-level=\"3\">Leverage automation<\/a><\/li><li><a href=\"#h-involve-other-teams\" data-level=\"3\">Involve other teams<\/a><\/li><li><a href=\"#h-segregation-of-duties\" data-level=\"3\">Segregation of duties<\/a><\/li><li><a href=\"#h-clear-reconciliation-procedures\" data-level=\"3\">Clear reconciliation procedures<\/a><\/li><\/ul><\/li><li><a href=\"#h-common-examples-of-errors-in-account-reconciliation\" data-level=\"2\">Common examples of errors in account reconciliation<\/a><ul><li><a href=\"#h-mismatching-vendors\" data-level=\"3\">Mismatching vendors<\/a><\/li><li><a href=\"#h-unrecorded-transactions\" data-level=\"3\">Unrecorded transactions<\/a><\/li><li><a href=\"#h-mismatching-transactions\" data-level=\"3\">Mismatching transactions<\/a><\/li><li><a href=\"#h-deposits-in-transit\" data-level=\"3\">Deposits in transit<\/a><\/li><\/ul><\/li><li><a href=\"#h-increase-accuracy-with-account-reconciliation-software\" data-level=\"2\">Increase accuracy with account reconciliation software<\/a><\/li><li><a href=\"#h-account-reconciliation-faqs\" data-level=\"2\">Account reconciliation FAQs<\/a><ul><li><a href=\"#h-what-are-the-main-types-of-reconciliation-in-accounting\" data-level=\"3\">What are the main types of reconciliation in accounting?<\/a><\/li><li><a href=\"#h-is-there-a-standard-process-for-reconciliation\" data-level=\"3\">Is there a standard process for reconciliation?<\/a><\/li><li><a href=\"#h-what-is-single-entry-bookkeeping\" data-level=\"3\">What is single-entry bookkeeping?<\/a><\/li><li><a href=\"#h-how-often-should-you-reconcile-accounts\" data-level=\"3\">How often should you reconcile accounts?<\/a><\/li><li><a href=\"#h-what-is-recurring-billing-and-why-recurring-payment-reconciliation-is-important\" data-level=\"3\">What is recurring billing and why recurring payment reconciliation is important?<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-account-reconciliation\"><strong>What is account reconciliation?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Account reconciliation involves comparing two sets of financial records, such as your internal ledger and your bank statements, to make sure they match up.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If they don\u2019t, it might be down to things like bank fees, outstanding checks, or even errors or fraud.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By spotting and fixing differences quickly, you\u2019ll keep your books accurate and comply with financial rules.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Most businesses perform reconciliations at the end of each accounting period. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This can be carried out by an accountant, who compares your internal records to external sources such as bank statements or vendor invoices.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This process ensures that each business transaction has been properly documented.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Your general ledger (GL) is made up of seven types of accounts:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Assets<\/li>\n\n\n\n<li>Liabilities<\/li>\n\n\n\n<li>Equity<\/li>\n\n\n\n<li>Revenue<\/li>\n\n\n\n<li>Expenses<\/li>\n\n\n\n<li>Gains<\/li>\n\n\n\n<li>Losses.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Every transaction hits two of these accounts. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Through diligent account reconciliation, you verify that all these entries contain the right information.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-importance-of-account-reconciliation\"><strong>The importance of account reconciliation<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Account reconciliation is a fundamental part of financial management. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Spotting and fixing reporting errors early can save you stress\u2014especially if there\u2019s ever an audit.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here are some other ways reconciliation helps:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-reduced-missed-payments\"><strong>Reduced missed payments<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Accurate records mean you always know when payments are due and can budget accordingly. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This also ensures your financial records line up with regulatory standards, helping you avoid penalties and legal trouble.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-monitor-financial-health\"><strong>Monitor financial health<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Regular reconciliation highlights errors made by your bank or other institutions, so you can correct them and keep a clear picture of your finances.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-detect-fraudulent-transactions\"><strong>Detect fraudulent transactions<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Since you\u2019re regularly checking where your money is going, questionable or unauthorized activity becomes easier to spot.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-control-spending\"><strong>Control spending<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Consistent account reviews help you see if your expenses are too high or if you need to cut back.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-reduced-missed-payments-0\"><strong>Reduced missed payments<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Accurate records mean you always know when payments are due and can budget accordingly. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This also ensures your financial records line up with regulatory standards, helping you avoid penalties and legal trouble.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-account-reconciliation-methods\"><strong>Account reconciliation methods<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Reconciliation is crucial, but how exactly do you do it?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There are generally two main methods:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-1-the-documentation-method\"><strong>1. The documentation method<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">This is the most common approach.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It involves comparing your general ledger with other source documents, such as bank statements or vendor invoices.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A classic example involves comparing your own cash account balance with your monthly bank statement.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If they don\u2019t align, you look for items like outstanding checks or deposits that haven\u2019t cleared yet. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Once you spot the difference, you adjust your records accordingly.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This process is known as bank reconciliation, a subtype of balance sheet reconciliation.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The same logic applies to credit card accounts: compare your internal records of spending with the credit card statement.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Any discrepancies, such as pending charges or interest fees, need to be fixed so both sets of records match.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-2-the-analytics-method\"><strong>2. The analytics method<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Think of this as a \u201csense check\u201d.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Instead of comparing records directly to an external document, you use estimates or historical data to see if your figures look reasonable.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If the numbers are far from what you\u2019d normally expect, you dig deeper with a full reconciliation.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This method can\u2019t replace the documentation approach but it can help you spot glaring issues more quickly.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-types-of-account-reconciliation\"><strong>Types of account reconciliation<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Account reconciliation isn\u2019t a one-size-fits-all process. There are various types, each suited to specific needs. Two of the most common types of account reconciliation include balance sheet reconciliation and <a href=\"https:\/\/www.sage.com\/en-us\/blog\/general-ledger-reconciliation\/\" target=\"_blank\" rel=\"noreferrer noopener\">general ledger reconciliation<\/a>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Your business might need several different types, each designed for specific areas of your finances.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-balance-sheet-reconciliation\"><strong>Balance sheet reconciliation<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Balance sheet reconciliation focuses on comparing the balances of your internal accounts (cash, investments, liabilities, equity, etc) with statements from external sources such as banks or lenders.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Essentially, anything on your balance sheet should be checked to ensure it matches the statements you receive.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-general-ledger-reconciliation\"><strong>General ledger reconciliation<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">With general ledger reconciliation, you do an internal review of your GL to make sure all entries and balances are correct.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You might reconcile who owes you money (accounts receivable) against the total amount recorded in your GL, or confirm you\u2019ve accurately recorded what you owe suppliers (accounts payable).&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This keeps your records accurate and helps you manage cash flow effectively.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-bank-reconciliation\"><strong>Bank reconciliation<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.sage.com\/en-us\/integrated-payment-solutions\/bank-reconciliation-software\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bank reconciliation<\/a>, as the name suggests, is where you compare your bank statements with the entries in your books.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s typically done monthly to identify any mis-entries, overlooked fees, timing lags, or errors. Doing this often also makes tax time easier because you\u2019ll have reliable, up-to-date figures on hand.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-account-receivable-reconciliation\"><strong>Account receivable reconciliation<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">For accounts receivable, your goal is to confirm that the total amount owed by customers in your ledger matches the individual amounts you\u2019re expecting from each of them.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is often done using supporting documents such as invoices, sales receipts, and credit notes. If your records don\u2019t match up, you\u2019ll know to investigate potential errors or missing payments.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Using <a href=\"https:\/\/www.sage.com\/en-us\/accounting-software\/accounts-receivable\/\" target=\"_blank\" rel=\"noreferrer noopener\">accounts receivable software<\/a> will make this process much simpler, quicker, and more accurate. It\u2019s become an essential tool for many businesses.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-inventory-reconciliation\"><strong>Inventory reconciliation<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If you keep products in stock, it\u2019s crucial to periodically cross-check the inventory recorded in your system with what\u2019s physically in your warehouse.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This helps you catch issues such as damage, theft, or lost items.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Staying on top of inventory reconciliation can boost customer satisfaction, too, because you\u2019ll know exactly what\u2019s available for sale.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-credit-card-reconciliation\"><strong>Credit card reconciliation<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Like bank reconciliation, credit card reconciliation compares each credit card transaction in your ledger with the credit card statement.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s a great way to spot fraud, errors, or unrecorded purchases, such as a returned item that didn\u2019t get logged.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-digital-wallet-reconciliation\"><strong>Digital wallet reconciliation<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Digital payment solutions like Apple Pay or Google Pay are on the rise, and they need to be reconciled too. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You\u2019ll check transaction details (often accessed via apps) against your internal records.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The logic and benefits are much the same as reconciling credit cards or bank accounts.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-account-payable-reconciliation\"><strong>Account payable reconciliation<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Think of this as the counterpart to accounts receivable. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You\u2019re verifying amounts owed to suppliers.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cross-check documents such as invoices, receipts, and payment records to make sure everything tallies.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As with other reconciliations, using <a href=\"https:\/\/www.sage.com\/en-us\/accounting-software\/accounts-payable\/\" target=\"_blank\" rel=\"noreferrer noopener\">accounts payable software<\/a> can save you a lot of time and headaches.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-multi-entity-reconciliation\"><strong>Multi-entity reconciliation<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Large businesses often have multiple branches or companies under a single-parent organization. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These groups sometimes do business with one another, creating inter-company transactions that need matching up.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Multi-entity reconciliation ensures consistent, compliant reporting across the whole group and helps maintain stakeholder confidence.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As you might expect, <a href=\"https:\/\/www.sage.com\/en-us\/accounting-software\/\" target=\"_blank\" rel=\"noreferrer noopener\">accounting software<\/a> can make the process simpler, quicker, and more accurate with automation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-account-reconciliation-process\">Account reconciliation process<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Even if your accounting software automatically downloads your monthly bank transactions, you still need to keep an eye on everything.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here\u2019s a simple process:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-1-gather-your-records\">1. <strong>Gather your records<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Collect internal documents (such as ledgers) plus external statements (bank statements, vendor invoices, etc).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-2-compare-balances\">2. <strong>Compare balances<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Check if your internal numbers match what\u2019s in the external statements.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-3-spot-discrepancies\">3. <strong>Spot discrepancies<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Investigate any differences you find. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Common issues include timing lags (such as deposits in transit) and plain old data-entry mistakes.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-4-adjust-and-communicate\">4. <strong>Adjust and communicate<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Make any necessary corrections in your records and let the statement provider know if the error is on their end.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-who-handles-this-work\">Who handles this work?<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">In smaller companies, the owner or a manager might do the job.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Larger organizations typically have dedicated finance teams or entire departments specializing in reconciliation.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While software can automate a lot of the tasks, human oversight is still key to ensuring accuracy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-account-reconciliation-best-practices\"><strong>Account reconciliation best practices<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To make the most of the account reconciliation process, here are some best practices to follow:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-reconcile-regularly\"><strong>Reconcile regularly<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Instead of treating account reconciliation as an ad hoc or annual task, incorporate it into your regular financial routines. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This will help catch any discrepancies early, enabling you to resolve issues promptly and maintain up-to-date records.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-leverage-automation\"><strong>Leverage automation<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The modern world offers a range of account reconciliation tools and technologies that can automate and streamline the process of reconciliation. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By using these tools, businesses can minimize the risk of human error, increase efficiency, and allow their finance teams to focus on strategic tasks.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-involve-other-teams\"><strong>Involve other teams<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Account reconciliation is more than just an accounting department function. It\u2019s integral to the company\u2019s overall financial health and transparency. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Therefore, it\u2019s essential to foster a broader understanding of this process and its importance within your company.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-segregation-of-duties\"><strong>Segregation of duties<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Assign different individuals to handle the recording, reconciling, and approving of financial transactions. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ensure multiple reviews happen throughout the reconciliation process to reduce the risk of errors and fraud.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-clear-reconciliation-procedures\"><strong>Clear reconciliation procedures<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Create standardized reconciliation procedures that outline specific steps, assign roles and responsibilities, and set clear deadlines. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This structure ensures consistency, reduces errors, and keeps the reconciliation process organized and efficient.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By adhering to these best practices, you can ensure your account reconciliation process is as efficient, accurate, and effective as possible, contributing to <a href=\"https:\/\/www.sage.com\/en-us\/blog\/improve-your-financial-management-with-data-integration\/\" target=\"_blank\" rel=\"noreferrer noopener\">better financial management<\/a> and decision-making.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-common-examples-of-errors-in-account-reconciliation\"><strong>Common examples of errors in account reconciliation<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s not uncommon for businesses to make basic errors during account reconciliation.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Keep an eye out for these typical mishaps:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-mismatching-vendors\"><strong>Mismatching vendors<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Unknown vendors appearing within your internal records might be a sign of fraud. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s important to verify invoices to rule out any wrongdoing.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-unrecorded-transactions\"><strong>Unrecorded transactions<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">You may find transactions on your bank statement that aren\u2019t in your internal records. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This is usually the result of employee error but could point to fraud.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-mismatching-transactions\"><strong>Mismatching transactions<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Some transactions will be recorded correctly but might contain the wrong dates or amounts. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This discrepancy can usually be attributed to employee or banking errors.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-deposits-in-transit\"><strong>Deposits in transit<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Certain deposits will be recorded on your records but not in your bank statement. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Often, this is because the deposit hasn\u2019t been processed by the bank. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In some instances, though, this can indicate that a deposit has been lost.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-increase-accuracy-with-account-reconciliation-software\"><strong>Increase accuracy with account reconciliation software<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Regular reconciliations are critical but they can be complicated and time-consuming. That\u2019s where automation steps in.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.sage.com\/en-us\/integrated-payment-solutions\/bank-reconciliation-software\/\" target=\"_blank\" rel=\"noreferrer noopener\">Account reconciliation software<\/a> can match transactions for you, generate statements, and spot anomalies early\u2014meaning you can fix them before they become major issues.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Beyond accuracy, using software also shows stakeholders that you take compliance and transparency seriously, which builds trust with investors, employees, customers, and vendors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sage <a href=\"https:\/\/www.sage.com\/en-us\/accounting-software\/\" target=\"_blank\" rel=\"noreferrer noopener\">accounting solutions<\/a> streamline these tasks, reduce manual data entry, and give you a clear view of your cash flow. That can boost efficiency, improve accuracy, and ultimately improve your brand\u2019s reputation and bottom line.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-account-reconciliation-faqs\"><strong>Account reconciliation FAQs<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-are-the-main-types-of-reconciliation-in-accounting\"><strong>What are the main types of reconciliation in accounting?<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Common reconciliations include balance sheet, general ledger, bank, accounts receivable, and accounts payable. These are crucial to almost all businesses.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Other reconciliations will also be important to many organizations. These include inventory, credit card, digital wallet, and multi-entity.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-is-there-a-standard-process-for-reconciliation\"><strong>Is there a standard process for reconciliation?<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">There is no standard process for reconciliation. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, all reconciliation methods involve comparing your records to external data and resolving any mismatches.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The key is to be consistent and timely, so you always know your financial data is accurate.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-is-single-entry-bookkeeping\"><strong>What is single-entry bookkeeping?<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Single-entry bookkeeping is a form of accounting used to help organizations monitor their finances.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As the name suggests, this approach creates a single entry for each transaction. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">All entries are added to a cash book, which contains the date, description, value, and balance of all transactions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-how-often-should-you-reconcile-accounts\"><strong>How often should you reconcile accounts?<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Most businesses should reconcile accounts at least once per month. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This frequency should increase for larger organizations with greater numbers of transactions.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-is-recurring-billing-and-why-recurring-payment-reconciliation-is-important\"><strong>What is recurring billing and why recurring payment reconciliation is important?<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.sage.com\/en-us\/blog\/glossary\/what-is-recurring-billing\/\" target=\"_blank\" rel=\"noreferrer noopener\">Recurring billing<\/a> is an automated payment process where customers are charged regularly, usually on a monthly or yearly basis, for ongoing services or subscriptions.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With regular account reconciliation, you can ensure all recurring revenue is accounted for and matches the expected amounts based on the billing schedule.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Editor&#8217;s note: This article was originally published in June 2023 and has been updated for relevance <\/em><\/p>\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner on-scroll-highlight__target\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Subscribe to our Sage Advice Newsletter<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p>Get our latest business advice delivered 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Accounts payable is a current liability because it represents money your business owes to suppliers. Learn where it appears on the balance sheet and why this classification matters.\t\t\t<\/p>\n\t\t\n\t\t\t<\/div>\n\n\t<\/article>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\n\t\t\t\t\t<div class=\"row related-posts__non-featured\">\n\t\t\t\t<div class=\"col col-12\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--more h4\">More on this Topic<\/h2>\n\t\t\t\t<\/div>\n\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-1 post-31994 post type-post status-publish format-standard has-post-thumbnail hentry category-people-leadership tag-hiring tag-hr-software tag-leadership tag-performance tag-productivity tag-small-business business_type-small-business business_type-growing-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-us\/blog\/what-is-a-performance-management-system\/\"\n\t\t\t\t\t>\n\t\t\t<figure 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class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-08-17T09:24:36-04:00\">August 17, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">15 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tPerformance management systems: A practical guide\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-2 post-29572 post type-post status-publish format-standard has-post-thumbnail hentry category-accountants category-money-matters category-strategy-legal-operations tag-accountants tag-accounting-101 tag-business-intelligence tag-compliance tag-grow-your-accounting-practice business_type-small-business business_type-accountants business_type-growing-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-us\/blog\/franchise-accounting\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-530281091-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-530281091-684x384.jpg 684w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-530281091-768x432.jpg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-530281091-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-08-17T08:58:34-04:00\">August 17, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">10 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tFranchise accounting: An in-depth guide\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-3 post-27796 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters tag-accounting-101 tag-cash-flow tag-cfo tag-sage-accounting business_type-small-business business_type-growing-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-us\/blog\/accrual-basis-accounting\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0581-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0581-684x384.jpg 684w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0581-768x512.jpg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0581-1214x810.jpg 1214w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-08-17T08:57:24-04:00\">August 17, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">15 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tAccrual basis accounting: What it is, benefits, and examples\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-4 post-23456 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters tag-accounting-101 tag-boss-your-business tag-small-business tag-staying-competitive business_type-small-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-us\/blog\/how-to-write-an-invoice\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-642394299-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-642394299-684x384.jpg 684w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-642394299-768x432.jpg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-642394299-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-07-31T07:18:42-04:00\">July 31, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">15 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tHow to write an invoice and what to include\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>An important account reconciliation guide including the basics, best practices, and why account reconciliation is essential for businesses.<\/p>\n","protected":false},"author":1774,"featured_media":20315,"menu_order":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_is_cornerstone":"","_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_opengraph-title":"","_yoast_wpseo_opengraph-description":"","_yoast_wpseo_opengraph-image":"","_yoast_wpseo_opengraph-image-id":"","_yoast_wpseo_twitter-title":"","_yoast_wpseo_twitter-description":"","_yoast_wpseo_twitter-image":"","_yoast_wpseo_twitter-image-id":"","_yoast_wpseo_schema_page_type":"","_yoast_wpseo_schema_article_type":"","_sage_video":false,"_yoast_wpseo_focuskeywords":"[]","_yoast_wpseo_keywordsynonyms":"[\"\"]","_yoast_wpseo_primary_category":"44","post_featured_image_hide":false,"sage_hide_published_date":false,"sage_hide_read_time":false,"sage_hide_share_buttons":false,"_pwl_sage_podcast_buzzsprout_src":"","footnotes":""},"categories":[158,43,44],"tags":[2,110,195,34],"business_type":[40],"lilypad":[],"context":[],"industry":[],"persona":[150,98,96,97,95],"imagine_tag":[222,209,468,434,233,230],"coauthors":[509],"class_list":["post-19076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accountants","category-money-matters","category-strategy-legal-operations","tag-accountants","tag-accounting-101","tag-boss-your-business","tag-small-business","business_type-small-business"],"sage_meta":{"region":"en-us","author_name":"Yassir 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