How To Do A Bank Reconciliation
What is how to do a bank reconciliation?
Bank reconciliation is the process of comparing the transactions on your bank statement with your own records to ensure they match. By doing a bank reconciliation, you can identify any discrepancies and errors, reconcile your accounts accurately, and ensure the financial health of your business.
What are the types of how to do a bank reconciliation?
There are two main types of bank reconciliation: manual reconciliation and automated reconciliation. Manual reconciliation involves comparing each transaction individually, while automated reconciliation uses software to match transactions automatically.
How to complete how to do a bank reconciliation
To complete a bank reconciliation, follow these steps:
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