Reconciliations Self-Assessment
- Purchases/Disbursements
- Revenues/Cash Receipts
- Accounts Receivable
- Payroll
- Pcard
- Are departmental account reconciliations performed? Does the account sponsor approve the reconciliation?
- Are foundation account reconciliations performed? Does the account sponsor approve the reconciliation?
- Are grant account reconciliations performed? Does the Principle Investigator approve the reconciliation?
- Does the preparer sign and date the reconciliation when performed? Does the approver sign and date the reconciliation when approving?
- Are outstanding items and a current balance identified on the reconciliation?
- Is inventory for resale reconciled to sales records to verify that the inventory is intact?
- Is the reconciliation performed by an individual independent of cash handling duties and disbursement approval?
