The Creditors’ Control account final balance in the General Ledger is compared to the Creditors List total at the end of a month. It will ensure that posting to the control account and the individual creditor’s account in the CL was accurately completed. Differences could be investigated and corrected. This acts as a control measure to ensure that the Creditors’ control balance is correct for financial statement purposes. This topic will focus on the procedure of creditor’s reconciliation and the recording process.