Bank Reconciliation for Small Business Accounting

Bank Reconciliation – A Must for Small Business Accounting

Bank reconciliation could be termed as one of the basic and prime control factors while performing accounting and bookkeeping for any business. For a small business, bank reconciliation plays a more vital role as generally there are no explicit control mechanisms in place for a small business and hence reliance on bank reconciliation like tools could not be ignored. In a lay man’s terms – A Bank reconciliation ensures that whatever needs to be paid – has been paid and what was due to be received has been received. This is one of the biggest hurdles faced by a small and ...Read More

Posted in Bank Reconciliation | Comments 0