Tier 1 Reconciliation Checklist

Overview

This checklist is designed to assist Tier 1 reconcilers with performing the reconciliation of the Monthly Financial Reports (sometimes called MFRs or departmental ledgers).  Monthly reconciliation is a key internal control that compares the transactions posted in the myUFL General Ledger to source documents, either electronic or paper, to:

  • determine if transactions are complete or outstanding
  • confirm accuracy of the transactions
  • identify any erroneous transactions that need to be corrected

For questions, suggestions, or updates to this checklist, please e-mail the Finance Hub.

Toolkits

UF HR Toolkit – Reconciliation

Training

PRO303 – Internal Controls at UF

PST130 – Reconciliation

Contacts

Finance Hub contact form

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