Reports
There are only six different reports that are created by
RecWizard. The Monthly
Reconciliations for each of the five Reconciliation Types, and
the General Ledger Reconciliation Summary Report.
Monthly Reconciliations
Each of the five Reconciliation Types has a different report format
designed to show the proper information for that particular kind of
reconciliation. The report should be printed after you have completed
the reconciliation and filed with your supporting documents in your
month-end file. Simply click on the Print Report button after you
have completed your reconciliation. If you wish to view the report
without printing it, click on the Preview Report button.
Click on the appropriate link below to
view a sample reconciliation report for each of the Reconciliation Types.
General Ledger Reconciliation
Summary Report
This is perhaps the most important report in
RecWizard. It summarizes the reconciliation status for all the accounts that you
have set up in your company file. Below is the report for the month
ended December 31, 2003. (NOTE: You do not have to include every
General Ledger account in
your database, only the ones you need to reconcile on a regular
basis.)
As you can see, all the accounts have been
reconciled as of December 31, 2010 and there are no Unidentified
Differences - except for account 8800 Legal Expense.
Account 8800 - Legal Expense was
last reconciled for the month ended November 30, 2010. You can also
see that because it was not reconciled there is an Unidentified
Difference of $3,099.84. This account was purposely left incomplete
so you could see how an incomplete item appears on the report.
You can also see that most of the reconciliations
have been Prepared, Approved, and Reviewed. Accounts 14XX and 15XX
have only been Prepared, while account 1260 has been Prepared and
Approved.
As with any good control system, the individual
reconciliations should be approved and reviewed by an appropriate supervisor or
manager other than the person preparing the reconciliation.
Depending on your own company's organization you may not use all
three levels of documenting the preparation and review process.
Return
to TOP
|
