The two general approaches to Account Analysis are the undifferentiated selling approach and the account segmentation approach.
Analyzing accounts
- Account analysis is the practice of carefully reviewing each line item in a financial transaction or statement for a specific account, sometimes by a certified auditor or accountant. An account analysis can show patterns or provide information about how a certain account is doing.
How is an account analysis carried out?
- Itemizing the contents of an account on a single worksheet of an electronic spreadsheet and assigning the month-end date to that worksheet page are effective ways to do account analysis. reconcile the worksheet's information to the account balance.
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