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Reconciliation and Audits: Ensuring Accurate Financial Records Even with the right software and tools, regular reconciliations and audits are essential for maintaining the accuracy of your financial records. This ensures no discrepancies are overlooked.
Key aspects of bank statement analysis Transaction categorization: Classify entries as deposits, withdrawals, transfers, payments, etc. Expense analysis: Review outgoingpayments such as vendor payments , payroll, and operational costs. Spot unusual activities that may indicate errors or bank statement fraud.
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Bank Reconciliation 
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