What are the 3 steps of GL reconciliation?
submitted by HARI

rebecca

First, you check the general ledger against the detailed records. Then, you look for any differences or mistakes. Finally, you fix those by making adjustments so the ledger is accurate.

farthington

First, you compare the general ledger balance to the subsidiary ledger or supporting documents

Second, you identify and investigate any discrepancies.

Third, you make the necessary adjusting entries to align everything.