Reconciliation & Controls
The financial records should tell the same story.
Ferrenhall helps identify and resolve differences among banking, accounting, compliance-system records, and reported activity before those differences become recurring problems.
BankingSource financial activity
BooksAccounting records
ComplianceRegulatory classifications & records
ReportingPublic disclosure
A strong fit when
- Bank cash and reported cash do not agree
- Prior periods contain unexplained balances
- Multiple systems contain different transaction information
- Outstanding items remain unresolved for too long
- Records were inherited from another provider or team
- Reporting corrections keep recurring without the upstream cause being fixed
The work may include
- Bank-to-book reconciliation
- Book-to-compliance comparison
- Outstanding-item analysis
- Transaction classification review
- Exception logs and issue resolution
- Documentation and control improvements
- Opening-balance validation during transitions
What the engagement may produce
- Reconciliation schedules
- Exception and outstanding-item lists
- Corrected underlying records where in scope
- Documented control recommendations
- A clearer basis for subsequent reporting decisions
When the records agree, reporting becomes verification rather than reconstruction.
Have a reconciliation problem?
Start with the underlying records, not the reporting deadline.
Discuss a Reconciliation Problem