Bank Reconciliation Explained: What It Is, Why It Matters, and How Often to Do It
Bank reconciliation is looking at your records as compared to your bank statement line by line until the two totals match. It catches errors, missed fees, and fraud early. Most small businesses should do it at least once a month. Busy businesses with lots of daily sales should do it weekly, or even daily.
Bank Reconciliation Explained: What It Is, Why It Matters, and How Often to Do ItBank reconciliation is looking at your records as compared to your bank statement line by line until the two totals match. It catches errors, missed fees, and fraud early. Most small businesses should do it at least once a month. Busy businesses with lots of daily sales should do it weekly, or even daily.https://squareaccounting.com/bank-reconciliation-explained-what-it-is-why-it-matters-and-how-often-to-do-it/
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