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