This is flagged as a breach in most jurisdictions, and reconciliation must be corrected immediately.
Steps to resolve
- Check for unpresented cheques or EFTs.
- Confirm deposits were entered correctly with correct date and value.
- Review journal entries or reversals for unintended edits.
- Use the Variance Tool in Law App’s reconciliation screen to isolate the issue.
If the discrepancy is not immediately resolved, Law App allows you to save a draft with notes — but reconciliation cannot be finalised until balanced.
External examiners will look for timing delays, unbalanced reconciliations, and unexplained adjustments. Keep your audit log and reconciliation PDFs in a secure folder for each month.
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