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How do you deal with aged, unexplained reconciling items? How does reconciliation support the financial-close controls and audit? How do you reconcile cash across the bank statement, cash book, AR receipts, and AP payments? How do you handle timing differences in month-end reconciliations? How do you reconcile a clearing/suspense account to zero at period-end?
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Accounts Payable & Receivable › Reconciliations

How do you reconcile accounts payable to the trial balance and supporting sub-ledgers at consolidation?

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Answer

At group level, each entity's AP sub-ledger must tie to its AP control account and trial balance, intercompany payables must match counterparties, and currencies must translate consistently. Reconciling before consolidation ensures the group AP is complete, intercompany eliminates cleanly, and no entity's control account diverges from its detail.
Real-world example Pre-consolidation checks confirm every entity's AP ties to its trial balance and intercompany balances mirror, so the group AP is reliable.

Common follow-ups: Why reconcile before consolidation? | What breaks clean intercompany elimination?

Aging Analysis Vendor Management Reconciliations
All 23 Reconciliations questions