Accruals Expense Reports Financial Statements General Ledger 
Jetpack Workflow
MARCH 23, 2023
Complete Reconciliations for All Bank Accounts and Credit Cards A typical reconciliation process for bank accounts and credit cards includes looking for discrepancies between each account and its general ledger counterpart. It also allows you to confirm that all payroll entries, including accruals, are posted to the accurate ledgers.
AvidXchange
SEPTEMBER 19, 2017
The process goes something like this: Gather end of month documents: bank statements, final expense reports, open invoices, etc. Roll forward fixed assets: prepaid, expense accruals, etc. Spend time reviewing monthly trial balances/financial statements to identify trends that could be an error in the ledgers.
AvidXchange
JUNE 20, 2018
For example, if a finance team member at corporate headquarters would like to view AP invoice accruals for other company locations, the team member can simply check “View Companies” to review all invoices in progress.
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