123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

Position Reconciliation:

Profile Picture
By Author: henry jorge
Total Articles: 3
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

'Reconciliation’ is a statement that is normally associated with the field of accounting and it often denotes documenting and demonstrating that the balance provided in the ledger book is correct. For instance, generally accountants reconcile the balance in the general ledger to the balance shown on the bank statement for ensuring that both of them are matching. If it is not matching, they will have to adjust the general ledger balance for contents shown up on the bank statement that is not present in the former statement. Do you know, who is a reconciliation analyst? Find the answer here:

The position of reconciliation analyst is present in most of the organizations right from the ancient Sumerian times. The fundamental responsibility of these professionals involves assessment of records between two institutions for finding the discrepancies. In modern times, the institutions that are compared are basically accounting firms or they can also be accounting divisions of banks. Any transaction that is present in one statement is not present in the other, it is referred to as outstanding. Steps should be taken by the accountant ...
... to provide an explanation for the same. The fundamental approach is simple and can be used for a wide range of operational management and financial reporting systems.

Nowadays, most of the firms are not at all hiring their own accountant, but they are planning for outsourcing the work. One of the reasons behind this is that many new entrepreneurs are not having their original office setup, but they are functioning through their virtual office. Some of them are functioning from offices with smaller space or serviced offices and so they do not have the space for hiring an accountant for their firm. Rather than enrolling an individual on the regular payroll, they are able to save a huge sum of money when the reconciliation work is outsourced to a professional firm.

These firms can get the position reconciliation services from the professional firms, who have expertise in the arena. These firms generally have their own experienced and trained professionals working for them. So, they can effectively handle the financial records without any hassle. When hiring an individual, in addition to paying for the accountant on a permanent role, the organizations cannot insure themselves as to whether the prepared financial records are perfect. On the other hand, when professional firms are hired, the work can be rightly done in such a way that the best reconciliation records can be maintained, which is highly essential to judge the progress of any organization.


Empaxis offers position and trade reconciliation hedge fund services. We specialize in developing, implementing securities reconciliation and reporting processes for clients. We also offer back office outsourcing and trade reconciliation in usa services. For more details, please visit us.

Total Views: 405Word Count: 460See All articles From Author

Add Comment

Investing / Finance Articles

1. End-of-financial-year Checklist: How A Tax Accountant Can Prepare You
Author: Business Tax & Money House

2. Navigating The Legal Landscape: Compliance Challenges For Call Centers In Pakistan
Author: Shan Tait

3. Capital Gains Tax In The Uk
Author: Dhara Tuvar

4. Open Banking: Revolutionising The Future Of Financial Services
Author: Sakkun Tickoo

5. Capital Gains Tax Calculator
Author: Dhara Tuvar

6. What Are The Allowable Limited Company Expenses?
Author: Dhara Tuvar

7. Understanding Toronto Mortgage Rates With A Guide For Homebuyers
Author: Evan Clarke

8. Gts Consultant: Your Trusted Ca In Bhiwadi For Comprehensive Financial Solutions
Author: Shankar Estate

9. The Rise Of Family Offices In India: A Global Perspective
Author: Drishti Desai

10. Credit Card Vs Debit Card: Key Differences You Should Know
Author: Vikas

11. The Investor Co - Trade With Confidence
Author: Taramalhotra

12. A Deep Dive Into The Leading Investment Banking Firms In Hyderabad
Author: Verity knowladge solutions

13. Can Foreigners Buy Property In Ajman?
Author: tarek

14. When Will Same Day Loans Online Be Paid Into My Bank Account?
Author: Jockey Ferguson is a financial adviser of Fast Pay

15. The Role Of Exclusive Solar Appointments In Accelerating The Solar Revolution
Author: Shan Tait

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: