Reconciliation of accounts.

Reconciliation of bank accounts

6. Reconciliation of accounts

Objective 3. Closer monitoring of activity in bank accounts and automated reconciliation.

It would also be responsible for the monthly reconciliation of receivable and revenue accounts.

Reconciliation of inter office voucher accounts is undertaken by the Accounts Division at United Nations Headquarters recommendations should therefore be addressed to it.

This practice accounts for the one month delay in the preparation of the bank reconciliation statements.

Reconciliation of the imprest accounts for the 2002 2003 biennium impacts on the opening balances for 2004 and is therefore required to enable reconciliation of the 2004 balances with the general ledger.

The Board reviewed the reconciliation statements on the 11 bank accounts operated by ECA and followed up the action taken to address the bank reconciliation deficiencies highlighted by the Office of Internal Oversight Services in April 1997.

These include streamlining the procedures and monitoring the monthly performance of bank reconciliation at country offices (para. 26), reviewing account classifications in Atlas, monitoring the regular reconciliation of inter fund accounts and rectifying differences at the earliest opportunity (para.

Following the implementation of new banking arrangements, there is an even greater need for timely monitoring of activity and for daily reconciliation of operational bank accounts.

The new sub unit would also take over responsibility for the monitoring and reconciliation of bank accounts and recording of banking transactions, on a daily basis.

The first reconciliation between Atlas accounts payable and the imprest field cash books and bank statements has been completed and the resulting adjustments have been processed.

In addition to generating routine reports for funding, investment decisions, currency trading, payment investigations and facilitating accounts reconciliation, further high level reporting is being requested by management.

Atlas has provided greater transparency and enabled the Office of Finance to pinpoint reconciliation issues at the accounts level, which was not possible under the previous system.

The Board recommends that the long outstanding items in the bank reconciliation statements should be promptly investigated and necessary adjustments made in the Fund apos s accounts.

Accounts receivable and accounts payable

Default reconciliation state for transactions entered during reconciliation

Reconciliation.

Hand over accounts to the Accounts Division

Last reconciliation

Postpone reconciliation

Reconciliation Dialog

Reconciliation Wizard

Reconciliation view

Reconciliation report

F. Reconciliation

Default reconciliation state for transactions entered during reconciliation of an account

Accounts

Accounts

Accounts

accounts

These accounts are referred to hereafter as special accounts .

The monitoring and control processes to verify journal entries for validity, accuracy and completeness are ensured through authorization of journals posted, the reconciliation of balance sheet accounts and analytical reviews performed on account balances.

The Board apos s review of the Fund apos s bank reconciliation statements revealed that reconciling items totalling 105,182 as at 31 December 1997 had not been promptly investigated and adjusted in the accounts.

All known accounts payable have been included in the accounts.

Revaluation of current accounts, cash on hand and other accounts

Justice Is Reconciliation

Reconciliation between databases

Restarting postponed reconciliation

Default reconciliation state

Bank reconciliation statements

Online Accounts

User Accounts

Keep accounts.