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An example of a personal communication channel outside the control of a company is:
Cash Short and Over
An account that tracks discrepancies between the expected cash amounts and the actual cash counted, indicating shortages or overages.
Bank Account Reconciling
The process of comparing and matching figures from the accounting records against those presented on a bank statement to ensure they are in agreement and accurate.
Adjusted Balance
The result of adjusting the balance of an account to reflect any debits or credits that have been posted to the account.
Reconciling Information
The process of ensuring that two sets of records or accounts are in agreement, often involving identifying and explaining any discrepancies.
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