bank reconciliation

Construction Bank Reconciliation: Matching Bank Activity to the GL When You Write 800 Checks a Month

Bank reconciliation is routine accounting work in most industries. In construction, it's complicated by high check volume, wire transfers for draws, ACH payments to dozens of subs, joint checks, retainage releases, and multiple bank accounts by entity. A reconciliation process that handles the volume and produces clean tie-outs requires systematic matching, disciplined outstanding-item tracking, and periodic stale-item investigation. Done well, it catches fraud, errors, and timing issues before they become problems.