Common documents in the R2R cycle include:

1. Source Documents:
• Invoices: Documents issued by a seller to a buyer, specifying the goods or
services provided and the amount due.
• Receipts: Proof of payment received for goods or services.

2. Journal Entries:
• General Journal Entries: Records of financial transactions, including information
about accounts debited and credited, along with amounts.
• Reversing Journal Entries: Entries made to reverse previous accruals or
adjustments.

3. Subledger Reports:
• Accounts Payable (AP) Reports: Detailing outstanding invoices, payments, and
vendor balances.
• Accounts Receivable (AR) Reports: Providing information on customer invoices,
collections, and balances.

4. Reconciliation Documents:
• Bank Reconciliation Statements: Comparing the company's bank records with its
accounting records to ensure they match.
• Intercompany Reconciliation Reports: Ensuring consistency and accuracy
between transactions among different entities within the organization.

5. Adjustment Documents:
• Adjustment Journal Entries: Entries made to correct errors, allocate expenses, or
account for changes in estimates.

6. Financial Statements:
• Income Statement (Profit and Loss Statement): Summarizes revenues,
expenses, and profits or losses over a specific period.
• Balance Sheet: Provides a snapshot of an organization's financial position,
showing assets, liabilities, and equity.
• Cash Flow Statement: Outlines the sources and uses of cash during a specific
period.
7. Audit Documentation:
• Audit Workpapers: Documents prepared by auditors during the audit process to
support findings and conclusions.
• Internal Control Documentation: Descriptions of internal controls in place to
ensure financial accuracy and compliance.

8. Closing Documents:
• Closing Entries: Entries made to close temporary accounts and transfer their
balances to permanent accounts.
• Closing Checklist: A document outlining the steps taken during the financial close
process.

9. Financial Analysis Reports:

• Financial Ratios and Metrics: Calculations and analyses of financial ratios and
key performance indicators (KPIs).
• Management Reports: Summaries and analyses prepared for management to
assess financial performance and make strategic decisions.