Breaking Down Reconciliation
In general, companies ought to do financial institution reconciliations no less than as soon as a month. This course of usually occurs after the top of the month as a end result of banks send month-to-month statements on the end of the month that can be used as a basis for reconciliation. Ideally, you must reconcile your bank account every time you obtain a statement from the bank, whether or not that is weekly, day by day or on the end of the month. You could have accidentally booked a journal…See More
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