GENERAL LEDGER MAINTENANCE PROCESS

Created by ChecklistGuro (https://checklistguro.com)

[ ] Fetch Unreconciled Transactions: Retrieve all transaction entries from the General Ledger data model that have a status of 'Unreconciled'.
[ ] Sum Total Unreconciled Amount: Calculate the total sum of the 'Amount' property from the fetched unreconciled transactions.
[ ] Calculate Variance Threshold: Compare the total unreconciled amount against the predefined budget threshold to determine if an alert is needed.
[ ] Assign Reconciliation Task: Create a task for the Senior Accountant to review the identified discrepancies.
[ ] Update Transaction Status: Update the status of processed entries to 'Reconciled' in the General Ledger data model.
[ ] Create Journal Entry: Create a new entry in the Journal Entry data model for any necessary adjustments found during review.
[ ] Notify Finance Manager: Send an email to the Finance Manager with the summary of the monthly reconciliation results.
[ ] Generate Monthly Ledger Report: Create a comprehensive PDF report summarizing all reconciled transactions and remaining balances.
[ ] Remove Duplicate Entries: Delete any identified duplicate entries from the temporary staging data model.
[ ] Urgent Discrepancy Alert: Send an SMS alert to the Controller if the total variance exceeds the critical threshold.

--- END OF TEMPLATE ---
Transform this text into a digital, automated, and trackable mobile app!
Visit: https://checklistguro.com/workflow-templates/accounting-management/general-ledger-maintenance-process
(Click "Install Template" to launch your digital inspection tool immediately)