Wed May 26, 2021 | Alan Lefkowitz | Accounting, Business, Small Business
Why Is A Monthly Bank Reconciliation Important?
Conducting a monthly bank reconciliation helps you understand your company’s cash flow, protect against overdraft fees, and guard against fraud. The bank reconciliation process is vital to 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.
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