After the accrual and property tax expense for each piece of property has been recalculated, the totals are added and compared with the general ledger.

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This statement describes a typical step in the process of reconciling property tax expenses with the general ledger. After recalculating the accrual and property tax expense for each property, the totals should be compared with the corresponding accounts in the general ledger to ensure that they are in agreement.

After the Accrual and Property Tax Expense for Each Piece