Tilikatsauspäivä

Tilikatsauspäivä, often translated as reconciliation day or account review day, is a term used in Finnish accounting and financial management to refer to a specific date when financial records are checked and reconciled. This process involves comparing internal financial records, such as ledgers and transaction logs, with external statements, like bank statements, credit card statements, and supplier invoices. The primary goal of tilikatsauspäivä is to ensure the accuracy and completeness of financial data, identify any discrepancies, and correct errors.

During a tilikatsauspäivä, accountants and bookkeepers meticulously go through all financial transactions that have occurred since the last review. This can include verifying that all income has been recorded, all expenses are accounted for and properly categorized, and that the balances in various accounts match their corresponding source documents. Any differences found are investigated to determine their cause, whether it's a simple data entry mistake, a missing transaction, or a potential fraud. Once identified, these discrepancies are rectified to bring the financial records into agreement.

The practice of tilikatsauspäivä is crucial for maintaining sound financial health within an organization. Regular and thorough account reviews help in preventing financial irregularities, ensuring compliance with tax regulations, and providing a reliable basis for financial reporting and decision-making. While the exact frequency can vary, many businesses conduct tilikatsauspäivä on a monthly or quarterly basis to keep their financial information up-to-date and accurate. This systematic approach to financial oversight is a cornerstone of responsible business management.