What must you do before reconciling an account again?

Before reconciling an account again, it is essential to print the reconciliation report. This report serves multiple purposes: it provides a detailed overview of the prior reconciliation, documents discrepancies that need attention, and offers a reference point when comparing transactions during the new reconciliation process. By reviewing this report, you can identify any outstanding items from the previous reconciliation and ensure that all transactions are accounted for correctly in the new period.

Printing the report also facilitates effective communication with team members or auditors who may need to verify the reconciliation history. Overall, this step is crucial for maintaining accurate financial records and ensuring that future reconciliations are smooth and efficient.