AI-Powered Collections: Introducing Agentic Procedures
Balance sheet reconciliation is a process used to verify that each account on the balance sheet is accurate. The process includes comparing each account to supporting documentation like bank statements or subsidiary ledgers. Regular balance sheet reconciliations help finance organizations identify errors, ensure accurate reporting, and maintain reliable financial records. Automated reconciliation tools can streamline this by instantly matching high volumes of transactions, leaving team members to focus only on true discrepancies and reducing close times.
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