Daily Financial Reconciliation Checklist ( OPERATIONS )

This checklist is designed to ensure that all financial transactions are accurately reconciled at the end of each day. It helps to maintain financial integrity and identify discrepancies promptly.

• Gather Financial Data

  Collect all financial statements, transaction logs, and receipts from the day's operations.

• Verify Cash Transactions

  Check and confirm all cash transactions recorded against physical cash on hand.

• Reconcile Credit/Debit Card Transactions

  Match the recorded credit/debit card transactions with the bank statements to ensure accuracy.

• Review Payment Receipts

  Ensure that all received payments are documented and correspond with customer orders.

• Identify Discrepancies

  Look for any mismatches between recorded transactions and physical cash or receipts, and document them.

• Adjust Records

  Make necessary adjustments to the financial records based on the discrepancies found.

• Prepare Reconciliation Report

  Compile all reconciled data into a formal report for review by management.

• Submit Reconciliation Report

  Send the finalized reconciliation report to the finance manager for approval.