How Bank Reconciliation Works and Why It's Important

Author: External Author | | Categories: Bank Reconciliations , Bookkeeping , Invoicing Payments , Small Business Bookkeeper

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

CLICK HERE TO READ THE FULL ARTICLE »



READ MORE BLOG ARTICLES

Back to top of page