Reconciling Cash and Receivables

Each finance and other department head share a duty to ensure fiscal accountability is in place in their town or city hall. Reconciliations are performed to ensure that information was processed properly and that the financial records in each office are accurate. These resources highlight best practices for ensuring proper reconciliations processes are in place.

Prompt and frequent reconciliations help maintain financial controls and checks and balances.

Who is involved with this process

• Role and
• The Financial Management Team (PDF)
• The Role and Responsibilities of an Accountant/Auditor (PDF)
• The Role and Responsibilities of the Treasurer  (PDF)
• The Role of a Finance Director (PDF)

 

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DLS publications

• Cash Flow Forecasting and Short-Term Borrowing (PDF)
• Reconciling Cash and Receivables (PDF)
• The Importance of Collections Enforcement (PDF)
• The Importance of the Treasurer's Cash Book (PDF)
• Year-End instructions from DLS to Collectors (PDF)

Tools

• Accounts Payable Workflow (XLS)
• Revenue Turnover Workflow (XLS)