How Bank Reconciliation Works and Why It's Important
When you reconcile your business bank account, you compare your internal financial records against the records provided to you by your bank. A monthly reconciliation helps you identify any unusual transactions that might be caused by fraud or accounting errors, and the practice can also help you spot inefficiencies.
Original Article Source Credits: The Balance , https://www.thebalance.com/
Article Written By: Justin Pritchard
Original Article Posted on: September 07, 2020
Link to Original Article: https://www.thebalance.com/bank-reconciliation-315188