People make errors. Banks make errors. That's why we compare our checkbooks with our bank statements, just in case someone added a figure wrong. It's even more important for your business than your ...

Reconciling your bank transactions to your business book is essential to the financial health of your company. However, if you’ve never reconciled your company’s transactions before, the process can ...

An internal audit is the primary control tool used to ensure that a company's accounting staff is following the proper accounting procedures. The process permits you to review a representative sample ...

Portions of this article were drafted using an in-house natural language generation platform. The article was reviewed, fact-checked and edited by our editorial staff. A bank reconciliation statement ...

Gather all account statements for the reconciliation period. Compare bank statement transactions to your internal records. Adjust for outstanding checks and uncleared deposits. Record interest income ...

Account reconciliation is an important task for many CPAs and CGMAs working in business and industry. While it already may be a familiar task, there is always room for improvement. I’ve led many ...

Behind every successful business finance operation lies a collection of essential practices that often receive attention only when problems surface. Invoice reconciliation, rarely celebrated or ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. FSS Reconciliation Suite provides an integrated solution that enables ...