From an accounting operations perspective, closing the books at period end timely and accurately is always given high priority, but problems such as accounting entries recorded to the wrong account, last-minute adjustments and reconciliation issues tend to slow down the process. eprentise and guest speaker Karen Kerames from Accenture discuss how the subledger account reconciliation tools in R12 can help to prevent those problems and avoid issues during the month-end close.
Learning Objectives: After completion of this program you will be able to:
- Objective 1: Demonstrate the basic mechanics of reconciling subledgers to the GL.
- Objective 2: Explain how to setup and use control accounts.
- Objective 3: Know what reports to run and how to make reconciling adjustments.