This checklist is designed to ensure that daily financial transactions are accurately reconciled, discrepancies are identified, and necessary actions are taken to maintain financial integrity.
Gather all sales reports from different departments and ensure they are complete.
Check all cash transactions against the sales reports to confirm accuracy.
Match credit card sales with the bank statements to ensure they align.
Input all verified transactions into the financial system for record-keeping.
Look for any discrepancies between sales and recorded transactions; investigate as needed.
Create a summary of the day’s financial performance, highlighting key figures and discrepancies.
Present the daily reconciliation findings to management during the end-of-day review meeting.