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When expenses are added into your accounting software, you will need to reconcile outgoing payment transactions from your bank statement.  This procedure documents when reconciliation of incoming invoices is required and the steps involved in completing this task.  The reconcilaion task is usually performed by a bookkeeper or another person who fulfils this role in your company.

You can personalise this document by replacing the token “[Your Company]” with your business name. You are able to edit the document to reflect what is most relevant to your business.  Remove or add content as deemed necessary.

The “Reconcile Incoming Invoices” procedure is recommended to be included within the Finance section of your Company Manual.
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