Customer Reconciliation

Compliance & Accounting
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The reconciliation of accounts receivable is the process of matching the detailed amounts of unpaid customer billings to the accounts receivable total stated in the general ledger. This matching process is important, because it proves that the general ledger figure for receivables is justified.


Customer reconciliation statement is of great importance for internal auditor as well as the accounts manager since it is a proof that there is no material inaccuracy in the financial statements of the company.


As part of our accounting services, we perform reconciliations of the Customer accounts as provided by Clients with books of accounts. This is performed using computing tools to sift the huge volume of data. 


  • In customer reconciliation or accounts receivable reconciliation, an entity compares the outstanding customer balance or bills to the accounts receivable as entered in its general ledger. Customer reconciliation statement acts as proof that there is no material inaccuracy in the accounts of the company.
  • The accounts receivable cycle starts when a service/product has been delivered, but not yet paid for, and is completed when the invoice is settled, and the amount paid in full.

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