Researched discrepancies and updated accounts with accurate information. Tracked inventory and maintained accounts. Resolved reconciliation discrepancies in a timely manner. Answered client and customer questions regarding accounts and any discrepancies.

How do you describe reconciliation on a resume?

Researched discrepancies and updated accounts with accurate information. Tracked inventory and maintained accounts. Resolved reconciliation discrepancies in a timely manner. Answered client and customer questions regarding accounts and any discrepancies.

What skills are needed for reconciliation?

Skills and attributes:

• Experience reconciling accounting figures and financial records.
• Ability to identify errors.
• Appropriate handling of sensitive information.
• Ability to work to deadlines.
• High level of attention to detail.
• Excellent written and verbal communication skills.

What is the purpose of doing reconciliations?

Reconciliation is an accounting process that ensures that the actual amount of money spent matches the amount shown leaving an account at the end of a fiscal period. Individuals and businesses perform reconciliation at regular intervals to check for errors or fraudulent activity.

What is reconciliation specialist?

Reconciliation Specialists are accounting experts responsible for preparing general ledger reconciliations for a financial institution.

What is reconciliation experience?

Reconciliation is the process of comparing transactions and activity to supporting documentation. Further, reconciliation involves resolving any discrepancies that may have been discovered.

What is a cash reconciliation?

In accounting, cash reconciliation is the process of matching internal ledger entries to bank statements. The main goal of reconciling your cash is to ensure that the recorded balance of your business and the recorded balance of the bank statement match up.

What are the duties of a reconciliation officer?

Reconciliation Officer

• Daily reconciliation of payments to ensure the accounting system reflects the correct transactions.
• Daily reconciliation of bank statements with transaction dockets, purchases and sales schedules.
• General Ledger reconciliation.
• Prepare weekly and monthly reconciliation reports.

What is the average salary for a reconciliation analyst?

A mid-career Account Reconciliation Analyst with 5-9 years of experience earns an average total compensation of R214,000 based on 6 salaries.

What is reconciliation statement?

The reconciliation statement helps identify differences between the bank balance and book balance, to process necessary adjustments or corrections. An accountant typically processes reconciliation statements once per month.

Who bank reconciliations?

The accountant typically prepares the bank reconciliation statement using all transactions through the previous day, as transactions may still be occurring on the actual statement date. All deposits and withdrawals posted to an account must be used to prepare a reconciliation statement.

What is reconciliation in simple words?

What Is Reconciliation? Reconciliation is an accounting process that compares two sets of records to check that figures are correct and in agreement. Reconciliation also confirms that accounts in the general ledger are consistent, accurate, and complete.