Let me start with a brief introduction, and I’ll continue with a series of subsequent headings.
Let’s begin.
Transfer the cash account balance to Excel.
You may encounter inexplicable inflows and outflows. Request the documents justifying the entries in the accounting records and the accounting entry document. Bingo!
Sort the cash balance accounting entries (including description and date, of course). Sorting from largest to smallest would be ideal. Inexplicable matching balances may appear. If there are discrepancies to reconcile the cash balance, summon whoever made the entries during the day. Bingo…
Sort the cash transactions in debit-credit order. Inexplicable matches will emerge. Bingo again..
Thanks for reading
