Reconciliation Evidence Is Strongest When It Lives Together
Bank reconciliations are easier to review and defend when all supporting documents are stored in one place. In MIP®, using the same reconciliation ID to organize bank statements, fee notices, and exception emails keeps the entire story connected.
When documentation is scattered across inboxes or shared drives, reviewers have to reconstruct context piece by piece. Storing everything under a single rec ID allows anyone to open one folder and see the statement, the supporting explanations, and the related correspondence without chasing files.
This approach shortens review time and reduces follow-up questions because the evidence is already assembled. It also protects institutional knowledge. When staff change, the rationale behind a reconciliation does not disappear with them.
This video is for accounting teams that want reconciliations to be easy to review and easy to explain. It is not intended for organizations that rely on informal email trails or memory to support their work.
McGovern Consulting Group provides MIP Accounting® Training and Implementation Services. We focus on documentation practices because clean reconciliations depend on both accurate numbers and accessible evidence.
If you want your reconciliation files to be review-ready without extra effort, schedule time with us to review your documentation approach.
https://mcgoverncg.com/schedule/
If you want to strengthen your MIP fundamentals first, free MIP® fund accounting training is available here.
https://www.freemipfundaccountingtraining.com/
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