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 ...

Every small business owner has a large number of things they have to handle, from production to advertising and, of course, managing their finances. Managing your finances is crucial for your business ...

Any TMS morning starts with updating and reconciling the cash positions across accounts by a daily upload of electronic bank statements (MT 940, 942..). This financial reconciliation focuses on ...

Louisiana State University at Shreveport has struggled with bank reconciliations and weak controls over payroll in recent years, according to the Louisiana Legislative Auditor. Auditor Mike Waguespack ...

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.