Balance Sheet Reconciliation Template
Create a systematic balance sheet reconciliation workpaper to reconcile your GL balances to supporting schedules and ensure accuracy.
How to use this template
Pull your trial balance
Extract the unadjusted trial balance from your GL. Include all balance sheet accounts with their debit and credit balances.
Create account reconciliation schedule
For each balance sheet account, set up a template that ties GL balance to supporting schedules (subsidiary ledgers, subledgers, or detail reports).
Reconcile to supporting details
For each account, verify the GL total matches the sum of supporting detail. Document the reconciliation reference and note any exceptions.
Identify and document adjustments
For any reconciling items, determine if an adjustment is needed or if supporting documentation needs correction.
Obtain evidence and sign-off
Gather supporting documentation for each reconciliation and have the responsible person initial and date the completed workpaper.
Why use this template
- Catches errors in GL entries or supporting schedules before finalizing financials
- Creates audit trail and evidence for external review
- Identifies stale or obsolete accounts that can be cleaned up
- Standardizes the reconciliation process across your accounting team
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