Account Reconciliation

Reconciliations of account: It seems that all the accounting jobs require applicants to do so.

Please describe the process of reconciliation of accounts, this is not something I saw in the manual.

To my knowledge, acct reconciliations should be allowed per month, but my supervisor stated capital account balance is only once a year .???? late

Please help me!

Typically, account reconciliation means comparing the account balance with the operations over a period of time, and ensure that all credits and debits from the last time the accounts have been reconciled to reflect the total new account.

It is as if you have a chequing account? You will see at least once a month.
CAPX is finalized later this year, but if you have many it is easier to maintain with it during the year.