Matrix of General Ledger Reconciliation

The practice of comparing accounts and data is known as general ledger reconciliation, and the books will be checked against other financial papers such as statements, reports, and accounts by those in charge of the process. The reconciliation policy is a type of internal control. General ledger reconciliations are a key stage in the immediate financial process that ensures the general ledger and financial statements are complete and accurate.

General ledger reconciliations help to improve accuracy, prevent major mistakes, and discover modifications quickly.