General ledger reconciliation: step-by-step techniques for accuracy and compliance

An unreconciled discrepancy doesn't just sit there: iIt compounds. Organizations lose an estimated 5% of revenue to fraud annually, much of which proper reconciliation would catch.⁵ Beyond the numbers, this is where you spot fraud early and avoid decisions based on bad data. This guide covers the complete process–what to do, when, and how to document it.