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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 generalledger, often called the "cash books." How to perform a BankReconciliation?
Welcome to our latest blog post, where we embark on a deep dive into the intricacies of the GeneralLedger (GL) — the bedrock of any business's financial system. We will start with the basics: What exactly is a GeneralLedger, and why is it paramount to your business's financial health?
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These applications support services like tax preparation and financial reporting, giving you a centralized location to manage clients’ financial transactions and their generalledger. It has tools for automatic bankreconciliations, budgeting, fixed asset management, bill pay, and financial statement preparation.
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