We are in the process of reviewing our Account Reconciliation policy.  Any industry best practice resources you have found helpful in putting together yours?

Process Management
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VP of Accounting2 months ago

We started with data from Blackline which we use to complete our reconciliations. Then we cross-referenced with policy insights we had access to through an advisory with the Hackett Group. We have guidelines for the reconciliations themselves and separate guidelines specific to preparer/reviewer/approver role expectations. Both require annual compliance acknowledgements. 

Director of Finance in Consumer Goods2 years ago

Where there is greater risk of error, bad debts possibility, priority vendors then we do prioritize the account reconciliation and formulate a extensive reconciliation policy.

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