Reconciliation of your business bank account implies that you are comparing your internal financial records against the records supplied to you by your bank. A monthly bank reconciliation enables you to identify any suspicious transactions that could potentially be fraud or accounting errors, and the practice also helps you identify inefficiencies. Bank Reconciliation – Mode […]
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The Role of a Bank Reconciliation Statement in Safeguarding Your Business
To be a successful business person, you can’t just focus on providing quality products and services to your existing customers, you also need to keep an eye on your finances. There has to be proper checks on all financial transactions taking place, ensuring that the funds of the company are not being misused. One of […]
