All 23 Reconciliations questions
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Accounts Payable & Receivable › Reconciliations

What is the frequency at which key reconciliations should be performed?

Beginner

Answer

High-risk, high-volume accounts (bank, AR, AP, cash clearing) are typically reconciled monthly at minimum, and often more frequently (daily/weekly for bank and cash) to catch issues early. Lower-risk accounts may be quarterly. Frequency is risk-based—more movement and more risk warrant more frequent reconciliation.
Real-world example Bank accounts are reconciled daily, AR/AP monthly at close, and dormant accounts quarterly, matched to their risk.

Common follow-ups: What drives reconciliation frequency? | Why reconcile bank accounts more often?

Cash Application Payment Runs Reconciliations
All 23 Reconciliations questions