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Reconciling Operating Acct Daily?

Last post 08-20-2009 9:38 AM by Cheryl Hair. 1 replies.
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  • 11-09-2007 12:23 PM

    Reconciling Operating Acct Daily?

    We are thinking of reconciling our Operating account in FE daily. Has anyone ever had a problem with this or suggestions on making the transition smooth?
  • 08-20-2009 9:38 AM In reply to

    • Cheryl Hair
    • Top 500 Contributor
    • Posts 28
    • Organization: United Way of Greater Knoxville

    Re: Reconciling Operating Acct Daily?

    We post weekly and during our slower months, I only reconcile monthly.  I work at a United Way so the volume picks up significanly in a few weeks - at that time I will begin reconciling bi-monthly and then move into weekly reconciliations for a few months.

    I use the Banks Cash Mgmt and just keep changing the ending balance until I get to month end that way I only have one "hard" reconciliation per month.

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