Reconciliation Categories General Ledger vs. Subledger Verify that each control account in the GL agrees with the sum of its underlying detail ledger. Accounts typically reconciled this way: - Trade receivables (GL control vs. AR aging schedule) - Trade payables (GL control vs. AP aging schedule) - Property, plant & equipment (GL control vs. asset register) - Inventory (GL control vs. stock valuation report) - Prepaid assets (GL control vs. amortization schedule) - Accrued liabilities (GL control vs. accrual supporting schedules) Workflow: 1. Extract the GL control account balance at the peri…