iClear Wellife Service Interview Questions and Answers

Bank reconciliation is the process of comparing a company's records with those of its bank to ensure they match.

• Gather bank statements and company records

• Compare deposits, withdrawals, and fees

• Identify and resolve discrepancies

• Adjust company records as needed

• Ensure ending balances match

I would provide financial reports such as balance sheets, income statements, and cash flow statements.

• Balance sheets

• Income statements

• Cash flow statements

Encountered a discrepancy in financial records and resolved it through thorough investigation and communication.

• Identified the source of the discrepancy by comparing different financial documents

• Communicated with relevant parties to gather more information and clarify any misunderstandings

• Implemented corrective measures to rectify the discrepancy and prevent future occurrences