THE IMPORTANCE OF FREQUENT BANK RECONCILIATIONS
THE IMPORTANCE OF FREQUENT BANK RECONCILIATIONS A bank reconciliation is a process of comparing your entity’s accounting records to the bank statements. The goal of this process is to determine if there are any discrepancies between your accounting records and your bank records and to resolve any differences sooner rather than later. This is important seeing as it can help you identify problems before they get out of hand. Even a 1c difference should…