lead schedule

Definition

A document that serves as a summary or index of information contained in specific accounting schedules, balances sheets, or reports. The information contained within the lead schedule is cross-referenced to the information found on the specific reports. This simplifies the reconciliation process during an audit.

Use lead schedule in a sentence

You should always know what is coming up on your lead schedule and make sure you can handle it all.

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In order to get started, an auditer must first review the lead schedule, and then they will follow the appropriate steps to ensure a speedy audit.

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A lead schedule can be extremely helpful in interpreting and understanding the financial documents of a company or fund; it greatly simplifies the assessment of a a fund or company's precise financial situation.

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