Are You Reconciling Your Bank Account to Reduce Fraud and Errors?

Author: External Author | | Categories: Bookkeeping , QuickBooks Training , Remote Bookkeeping Services , Small Business Bookkeeping

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

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