Imagine that you are producing a month-end report and notice the ledger is off. What would you do to rectify this situation?

"I pride myself on self-reviewing my work. During month-end, I follow a checklist that helps catch errors. If I discovered an error during my review, I would first check formulas to make sure the report itself is footing correctly. If there is nothing wrong with the report itself, I would then drill down to the account level by searching for the amount of the error. If the error was not in the account ledger, I would then drill down to the source document level. I enjoy problem solving and would find the issue efficiently."

An accounting ledger is considered to be the single source of truth when it comes to finances. It is vital to keep up with all transactions of the business. If I were to find an error in the account badger, I would first be sure I calculated all my formulas correctly. If that was correct, then I would proceed to check my data entry. I would make sure that all data was entered into the report correctly. I do many reviews on my work so the chance of this happening is very unlikely but if it were to occur, I would be able to handle the issue easily.