Reconcile Bank Account

All bank accounts controlled by Harvard University entities must be reconciled on a monthly basis in accordance with University policy. 

Domestic bank accounts, including credit card merchant accounts, are generally reconciled by OTM's Cash Management Office (CMO) and reviewed by the local unit to research and resolve un-reconciled transactions. However, the CMO may recommend a different reconciliation protocol depending on the nature of the account. 

Foreign bank accounts are generally reconciled by the tub and reviewed by the CMO. 

Steps required of each respective office can be found in the detailed procedures document for opening, maintaining, reconciling or closing a bank account. 



See also: Bank Accounts