This procedure does not cover the activities associated with the reconciliation of the following:
Account Inquiry [NAV3008U]
Each balance sheet account
Bank account reconciliations
Each bank account is associated with a single general ledger object code.
Accounts recorded as other receivables not supported by an invoice must be supported by a legal document, such as a note or contract.
The GL Accounting Manager is responsible for
Director of Accounting Services
GL Accounting Manager
The Director of Accounting Services is responsible for ensuring that this document is necessary, reflects actual practice, and supports University policy.
This activity is performed each month after the close of the general ledger.
The accounts covered by this activity are those having account detail independent of the general ledger database. The reconciliation of balance sheet accounts is intended to verify that
Questions and issues may have to be discussed with an accounting or other department manager. For example, you may need to discuss a reconciling item for a prepaid expense with the Accounts Payable Supervisor.
If the general ledger and form reconcile, goto task #5.
If an update to the form is required, goto task #3.
If an adjustment to the general ledger is required, goto task #4.
Goto task #2.
Stop and complete Processing Manual Journal Entries [PRO3000Z].
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