A business must track its funds to have a clear picture of financial health. One process to track cash flow is a bank reconciliation. This procedure compares the bank's reported account balance ...

Bank reconciliations can help a company to verify that its bank account ending balance per the bank matches the balance on hand per the company's general ledger. The process of preparing a bank ...

Reconciling a business bank account is the process of checking recorded transactions against those reflected on bank statements. From there, you’ll note which transactions aren’t reflected in both ...