the importance of accounts reconciliation

lucy0308

Looking for a good answer to this question:

What's the importance of GL/B.S. accounts reconciliation, or why we do the accounts reconciliation?


请各位有经验的高手帮忙，加分感谢！

[ 本帖最后由 lucy0308 于 2011-3-2 14:08 编辑 ]

astina

Today’s accounting is based on a double-entry system. Anything going wrong on one side of accounting equation will definitely have impact on the other side. The purpose of reconciliation is to make sure all accounting transactions are correctly recorded and properly categorised.

lucy0308

原帖由 astina 于 2011-3-2 13:48 发表
Today’s accounting is based on a double-entry system. Anything going wrong on one side of accounting equation will definitely have impact on the other side. The purpose of reconciliation is to make sure all accounting transactions are correctly recorded and properly categorised.

非常感谢！


只是，能否对彩色部分再做进一步的解释, i.e. how to check whether they are correctly recorded or properly categorised?

lucy0308

我自己的理解，不知对否，还请各位多多指点：

1. check  the balance of GL accounts with the balances of sub ledgers
2. if the account doesn't have sub ledgers, work out what made up the account balance, find the cause of the difference
3. check whether the balance of GL account reflects the facts correctly, e.g. fixed assets

camille_ym

顶一下

原来

some ＢＳ items are relating to ＰＮＬ,so one of the important parts is to cross check the ＰＮＬ, such as :depn. interest on loan

lucy0308

呼唤阿丝赐教   

lucy0308

原帖由 原来 于 2011-3-3 00:05 发表
some ＢＳ items are relating to ＰＮＬ,so one of the important parts is to cross check the ＰＮＬ, such as :depn. interest on loan

Thanks!

Nevertheless,  may I have more details regarding the cross check you mentioned? An example would be great.

astina

楼主是在完成学校作业吗？

lucy0308

原帖由 astina 于 2011-3-3 22:46 发表
楼主是在完成学校作业吗？

阿丝版主，这几天都不能上网，抱歉

不是作业，是找工面试的问题。你之前说的很精辟，但如果我这么回答，估计接下来的是比较具体的问题，由于我在之前的工作中接触的还不够深和广，所以还不甚明了，还请你们这些经验人士多多指教，谢了！

astina

那么人家应该会问具体问题，让你举例什么的，不会对这种空对空的问题深究吧

xingbu

晕倒，什么职位面试要问这么academic的问题啊？

lucy0308

是manager 问的，底下干活的人估计不会这么问的，是吧

lucy0308

原帖由 astina 于 2011-3-7 22:34 发表
那么人家应该会问具体问题，让你举例什么的，不会对这种空对空的问题深究吧

所以才想请你告诉我：

how to check whether they are correctly recorded or properly categorised?

好让我有些idea，知道怎么应对相对具体的问题呀

astina

最简单的你就举个bank rec的例子来说好了。bank rec你做过吧？

lucy0308

欢迎针对我在4楼的想法提出点评

lucy0308

原帖由 astina 于 2011-3-7 22:48 发表
最简单的你就举个bank rec的例子来说好了。bank rec你做过吧？

嗯，做得最多的就是 bank rec 了，可怎么和你说的这个挂上钩呢？

astina

那简单，发现bank rec做不平，核对帐和bank statement之后，如果发现有一笔bank charge漏记，或者费用是10刀，帐记为1刀，那就是没有correctly recorded,如果发现bank charge记错方向，变为收入了，那就是没有properly categorised.

lucy0308

哦，原来如此，多谢赐教！

lucy0308

弱弱地再问一次，除了bank rec ,debtor, creditor外，其他B.S. accounts rec, 尤其是没有sub ledger 的accounts, 做reconciliation 的步骤一般是怎样的呢？

astina

fixed asset account,跟fixed asset register能对上
accumulated depreciation,跟P/L里的depreciation expense能对上
种种名目繁多的provision,要有supporting document说明里头每一笔entry都是正确的，能够justify的

lucy0308

那是不是象我之前说的

work out what made up the account balance

再一笔笔地去找 supporting document 呢

lucy0308

也就是说，那些一进一出，正负抵消的，就不用管了，是这样吗？

astina

如果简单的reverse out，当然不用管了；但是其他情况未必。

太多情况了，lz你好象确实没有做过g/l rec?

lucy0308

嗯，我确实做得不够多和广

需要更多实践