Reconciling your business bank account monthly ensures you’ve correctly accounted for all transactions. It’s also the best way to catch and correct any missed or potentially fraudulent transactions.

Have you ever found yourself staring at two Excel sheets, trying to figure out why the numbers just don’t add up? Reconciling your bank statement with your accounting records can feel like searching ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Khadija Khartit is a strategy, investment, ...

Everyone makes mistakes from time to time, even banks. Businesses must keep meticulous records of their incoming and outgoing monies so that this information can be reconciled against the statement ...

Accurate records are necessary for business finances. Bank reconciliation is an important part of this, as otherwise company records can quickly become out of synch with bank records and create ...