The only desktop-based General Ledger account reconciliation tool
an accountant - for accountants.
Knowing what you have to do - Accountants have the
responsibility to know what is in their accounts at all times.
This is documented by completing an accurate and complete account
reconciliation for each general ledger balance sheet account. Sometimes the pressures of daily tasks keep you from doing the
detailed analysis necessary to make sure everything is up to date
and correct. These distractions are things like:
Making collection calls
Preparing reports for the owner... or the bank... or the
Paying vendors on time so you can keep the flow of
products and services moving through your organization
Not reconciling your accounts completely on a regular basis can
leave your accounting records susceptible to misstatements and
errors that can be embarrassing, or even worse, fraudulent.
Proving to others the account balance is
correct involves complete descriptions and documentation.
Appropriate supporting documents should be available to
anyone who is reviewing the account. RecWizard lets
you attach those documents in an enterprise level of control
where they are not editable once they are attached to a
General Ledger accounts must be analyzed and balanced regularly.
Having an accounting software tool helps you do it faster and
with greater accuracy - RecWizard is it.
Having the right tool - with our unique accounting
software you will have the accounting tool necessary to
complete each account reconciliation on a timely and thorough
Financial statements and accounting reports that are right
every time - our combination of senior financial management
experience and cutting edge computer technology expertise makes RecWizard unique in the world of
computerized accounting support. This is truly one of those
accounting solutions that works.
Accurate and timely reconciliations are a critical part of
good internal controls - and that's always important whether you
must comply with
Sarbanes-Oxley or not.
Having accurate and timely account reconciliations is an
important part of correct accounting and good internal controls.
Knowing that all your reconciliations are complete before you
issue financial statements can keep you out of any embarrassing
situations caused when you find an error AFTER you have released
your financial statements - and RecWizard will help you know
exactly where you stand in relation to this crucial information.
The Sarbanes-Oxley Act of 2002 addresses many areas of
accounting, financial reporting, and investment company relations.
One of the key elements of this legislation is the requirement
for increased responsibility for documenting and enforcing internal
controls. Not only is this important for good accounting, you and
your auditors have to attest to the existence of those controls
in SEC filings.
RecWizard is designed to not
only make the task of preparing account reconciliations more
accurate and complete, but it also provides a means of creating
complete documentation that assists in the ability to audit and
verify the existence of and adherence to company policies. In
addition, the approval and review of those reconciliations is
documented for easy review by your external auditors.
You can read our limited interpretation of Sarbanes-Oxley
by clicking on the link above.
No formal accounting training? Our tutorial
gives you detailed instructions and guidance to make your
Years of practical accounting experience are wrapped up in the RecWizard tutorial to show you the best way to document the transactions
that make up your account balances.
There are 24 different account reconciliations that have been
prepared for every type of reconciliation you are likely to
encounter. Detailed transactions and descriptions not only show
you how to prepare various reconciliations, they provide a basic
Descriptions of accounting policies and procedures related to
the various accounts help demonstrate accounting theory while
providing practical examples.
Click on the link above to go to the Tutorial page to find out
more about it. You can even view the complete Tutorial