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What Is a BankReconciliation Statement? A bankreconciliation statement is a financial document that compares a company's bank account balance to the transactions recorded on its general ledger, often called the "cash books." How to perform a BankReconciliation?
Bankreconciliation is the process of matching the company’s cash ledger with the bank statements. The two ledgers generally don’t match due to factors such as bank fees, interest, outstanding checks, and deposits in transit. What Is a BankReconciliation Statement?
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It has tools for automatic bankreconciliations, budgeting, fixed asset management, bill pay, and financial statement preparation. Document Management Accountants must collect, store, and manage a range of client documents and paperwork, including proposals, engagement letters, and financialrecords. month + $5.10/employee/month.
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