Account Reconciliation Survey

Thank you for participating in our Account Reconciliation Survey. Your feedback is invaluable as we strive to enhance and optimize our reconciliation processes. All responses will be kept confidential, and your input will contribute to the continuous improvement of our financial operations.

1. Are bank statements reconciled with internal records on a monthly basis?

   • Yes

   • No

2. If no, please specify the reason for any missed reconciliations:

3. Are all outstanding checks and deposits properly accounted for?

   • Yes

   • No

4. If no, please provide details of any outstanding items:

5. Are accounts receivable balances reconciled to customer statements?

   • Yes

   • No

6. Are accounts payable balances reconciled to vendor statements?

   • Yes

   • No

7. If discrepancies are identified, how are they investigated and resolved?

8. Are revenue and expense accounts reconciled with supporting documentation?

   • Yes

   • No

9. Are accruals and prepaid expenses reconciled with supporting schedules?

   • Yes

   • No

10. If discrepancies are identified, please describe the process for resolving them:

11. Is physical inventory counted regularly?

    • Yes

    • No

12. Are discrepancies between physical counts and recorded inventory investigated?

    • Yes

    • No

13. How are adjustments made for inventory discrepancies?

14. Is the asset register reconciled with physical asset inspections?

    • Yes

    • No

15. Are depreciation and amortization expenses reconciled with depreciation schedules?

    • Yes

    • No

16. If discrepancies are identified, how are adjustments made for accurate reporting?

17. Are all reconciliation procedures documented and retained for audit purposes?

    • Yes

    • No

18. How are reconciliation findings documented and communicated to relevant stakeholders?

19. Based on your experience with the reconciliation process, do you have any recommendations for process improvements or enhancements?

I would like to express my profound gratitude to you for participating once again. Your feedback plays an indispensable role in assisting us to uphold the integrity of our financial processes. It is indeed critical in providing insight into areas we need to improve and maintain to ensure efficient and effective financial operations.

Sincerely,

[Your Name]

[Your Job Title]

[Your Email]

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