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Reconcile the cumulative position every single period

A valuation whose March and April cannot both be true invites doubt about May. Carry one cumulative position forward each period, reconcile it against what was last agreed, and where a line moves backwards, say why. An account that reconciles month on month becomes a proven story rather than a figure to defend at the end, and it is the difference between a clean final account and a fight.

Updated: 22 August 2026