Cash & Liquidity
Bank Reconciliation Status
Completion status and outstanding items across bank accounts.
Why Bank Reconciliation Is Foundational
Bank reconciliation is the control that proves recorded cash agrees with the bank, and a clean reconciliation is the bedrock on which the entire set of financial statements rests. Unreconciled accounts or stale reconciling items are a classic indicator of weak controls, undetected fraud and misstated cash, and they routinely contribute to qualified or disclaimed opinions. AuditPro Core tracks reconciliation completion and outstanding items across all bank accounts so the accounting officer can confirm cash is controlled, not just assumed.
The Numbers
AuditPro Core renders this view from your tenant's live, tamper-evident records. The figures below are illustrative sample data.
Accounts Reconciled
9 of 11
2 outstanding
Unreconciled Value
R 4.8 m
net difference
Items > 60 Days
37
ageing items
Last Recon Cycle
On time
primary account
Reconciling Items by Age (count)
Reconciliation Register
| Account | Status | Open Items | Net Diff (R) |
|---|---|---|---|
| Primary Operating | Reconciled | 25 | 0 |
| Conditional Grants | Outstanding | 20 | 3120000 |
| Payroll | Reconciled | 9 | 0 |
| Trust Deposits | Outstanding | 12 | 1640000 |
| Investments | Reconciled | 7 | 0 |
Figures shown are illustrative sample data for demonstration. AuditPro Core renders these views from your own tenant's live, tamper-evident records.
Reconciliation completeness
Every bank account must be reconciled, on time, every month. A single account left unreconciled is a control gap through which errors and fraud pass undetected.
Reconciling items
Differences between the cash book and the bank statement, such as uncleared cheques or unidentified deposits, are reconciling items. Items that persist month after month signal posting errors or amounts that may never clear.
Segregation and review
The person who prepares a reconciliation should not be the one who reviews and approves it. Independent review is what turns a reconciliation from a clerical task into a real control.
How AuditPro Core Bridges the Gap
- Reconciliation: cash-book and bank-statement balances are matched per account with reconciling items itemised and aged.
- Continuous monitoring: reconciliation status across all accounts is tracked so an overdue or never-completed reconciliation is immediately visible.
- Exception workflow: stale or unexplained reconciling items are routed for clearance and independent sign-off.
- Audit-ready export: completed reconciliations and the open-item schedule export as a ready audit pack for cash testing.
Key Takeaways
- Reconcile every account, on time, every month; one gap undermines cash assurance.
- Aged reconciling items often hide errors or amounts that will never clear.
- Separate preparation from review so reconciliation is a genuine control.
- Unreconciled cash is a common driver of qualified and disclaimed opinions.
See This on Your Own Data
AuditPro Core renders this dashboard from your tenant's live, tamper-evident records — every figure traceable to source.