Download - Solutions Summit 2014 Reconciliation Templates Suggested Usage and Walkthrough Jonathan Haynes, CPA
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Solutions Summit 2014
Reconciliation Templates
Suggested Usage and Walkthrough
Jonathan Haynes, CPA
![Page 2: Solutions Summit 2014 Reconciliation Templates Suggested Usage and Walkthrough Jonathan Haynes, CPA](https://reader030.vdocuments.mx/reader030/viewer/2022032709/56649ec55503460f94bd0510/html5/thumbnails/2.jpg)
Chesapeake System Solutions, Inc. • Proprietary and Confidential
Main Drivers of Template Selection
Account Type
• Account types where transactional details and age are important
• Account types where individual DR/CR activity isn’t as important
Level of Reconciliation
• Full transactional matching from both sources
• Balance comparison with activity review from one source
• Balances only
Data Sources
• Single source vs multiple sources
• Manual source(s) vs systematic
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Chesapeake System Solutions, Inc. • Proprietary and Confidential
Core Templates
• GL to Independent Source or GL to Independent Source/Balance Progression• Must have two sources, uses details from both sources• Useful for Cash/Banking and GL/SL detailed reconciliations
• Balance Comparison• Requires two balance sources, details are not mandatory• Reconciling items can be manually entered or systematically populated
• Balance Verification• Single source only• Used to validate the contents of an account
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Core Template Demonstration
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Chesapeake System Solutions, Inc. • Proprietary and Confidential
Expanded Use Templates
• Roll Forward• Not technically a reconciliation, but can be used to fit existing
processes• Most typical uses are Equity and Fixed Assets
• Balance Change Analysis• Single source only, detailed transactions required• Shows the change in the balance during the period under
reconciliation, along with total volumes for reasonableness review
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Expanded Use Template Demonstration
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Chesapeake System Solutions, Inc. • Proprietary and Confidential
Specialized Templates
• Balance to Detail Comparison• Must have two sources• Validates balance of the internal source using detailed import
comparison
• Budget• Used to calculate or confirm the remaining funds available against a
budget or funded account• Focused on project and fund accounting applications
• Roll Forward with Independent Source Comparison• Highly specialized, very specific uses for payment activities
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Specialized Template Demonstration
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Chesapeake System Solutions, Inc. • Proprietary and Confidential
Thank you for your time
Jonathan Haynes, [email protected]