Remove Bank Reconciliation Remove Deposits Remove Microsoft Excel
article thumbnail

Expense Reconciliation: Step-by-Step Guide

Nanonets

While manual reconciliation can be time-consuming, labour-intensive, and error-prone, it offers a high level of control and subjective human oversight into the process.    Spreadsheet Reconciliation Spreadsheet software like Microsoft Excel is often used for expense reconciliation.

article thumbnail

Bank Statement Analysis: A Complete Guide

Nanonets

Key aspects of bank statement analysis Transaction categorization: Classify entries as deposits, withdrawals, transfers, payments, etc. Spot unusual activities that may indicate errors or bank statement fraud. Detect errors or fraud by catching discrepancies between the bank’s records and your financial documentation.