Credit Card Reconciliation Checklist ( FINANCE )

This checklist is designed to ensure that all credit card transactions are accurately reconciled with the financial statements, helping to maintain accurate financial records and prevent fraud.

• Gather Credit Card Statements

  Collect all credit card statements for the month being reconciled.

• Review Transactions

  Go through each transaction on the statement and verify that it is recorded in the accounting system.

• Match Transactions

  Ensure that each transaction on the credit card statement matches with the corresponding entry in the financial records.

• Identify Discrepancies

  Note any discrepancies between the credit card statement and the accounting records for further investigation.

• Resolve Discrepancies

  Investigate and resolve all discrepancies identified in the previous step, ensuring all transactions are accounted for.

• Record Reconciled Amount

  Document the reconciled amount in the bookkeeping system to reflect the accurate credit card balance.

• Obtain Approval

  Have the reconciliation reviewed and approved by a supervisor or financial manager.

• File Documentation

  Store all relevant documentation, including statements and reconciliation reports, in an organized manner for future reference.