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Join 10,000+ professionals who enrolled in the Controller Academy 🚀 https://controller-academy.com/courses/controller-academy Download the Excel template shown in this video: https://thefincontroller.com/p/balance_sheet_recon Link to video on the basics of the Balance Sheet: https://youtu.be/7sx5nyY0cxc Chapters: 00:33 Agenda 01:10 Why we reconcile the accounts 02:05 What is a reconciliation of the accounts 02:34 Steps to reconcile the accounts 03:05 Step 1 Determine the risk of each account 05:43 Step 2 Determine the frequency of reconciliation 06:14 Step 3 Assign recons to team members 06:48 Step 4 Perform the reconciliation 11:35 Tips for Controllers on reconciliations What we cover in this video: I’ll show you a step by step guide on how to get started with balance sheet reconciliations Then, We’ll do an Example reconciliation in excel. And I will also show you the wrong way to do it. And of course I’ll save some bonus tips for last on how to keep track of the process as a controller ----------------------------------- Hang Out with me on social media: 📸 https://www.instagram.com/the_financial_controller/ 📱https://www.tiktok.com/@thefinancialcontroller https://www.linkedin.com/in/bill-hanna-cpa-7653a851/ DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week! All views expressed on my channel are mine alone. Not intended as financial or professional advice
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