Wed May 26, 2021 | Alan Lefkowitz | Accounting, Business, Small Business
Why Is A Monthly Bank Reconciliation Important?
Conducting a bank reconciliation each month helps you understand your company’s cash flow, protect against overdraft fees, and guard against fraud. The bank reconciliation process is a vital part of the checks and balances (no pun intended). The best practice is to ensure that no individual has control over all financial transactions for a business.
Read More