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
Tier 1 Checklist for Monthly Reconciliation
For questions, suggestions, or updates to this checklist, please e-mail controller-office@ad.ufl.edu.
Last Reviewed
Last reviewed on 03/20/2024
Toolkits
UF HR Toolkit – Reconciliation
Training
PRO303 – Internal Controls at UF
PST130 – Reconciliation
Contacts
University Controller’s Office: (352) 392-1321