Archive / 2.01 Confirmation Letters

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Confirming balances

A part of year-end closing is always confirming balances you have in your balance sheet. When we say „confirm“, we do mean agreeing them with the other party the balances are owed to or to be collected from. Whereas we have discussed the confirmation procedure and even shared a template with you, what we would […]

How to deal with non-responses?

Provided that you haven’t used the sentence similar to “If we don’t receive your reply, we do consider our balance correct and confirmed by you” you really need to get the majority of the confirmations back. Simply sending them out and hoping to get everyone to reply in reality is just, to be blunt, naïve. […]