Archive for 'Bookkeeping'
Understanding Account Reconciliation
April 6th, 2008. Published under Bookkeeping. No Comments.
When you confirm that the balance in your checkbook is in sync with your corresponding bank statement, it is known as account reconciliation.
Any record that you keep regarding your financial transactions with banks, credit card companies, or retail stores is known as an account. It is an arrangement between buyers and sellers in which […]
Understanding Bank Reconciliation
April 6th, 2008. Published under Bookkeeping. No Comments.
Bookkeeping is fundamental in running your business in an informed way. It is important that you have an organized, transparent and updated bookkeeping system in place. One of the ways to keep track of your company’s books is bank reconciliation.
What is bank reconciliation?
The procedure of comparing the account balance given by the bank with that […]