Portions of this article were drafted using an in-house natural language generation platform. The article was reviewed, fact-checked and edited by our editorial staff. A bank reconciliation statement ...

Learn what book balance is, how it differs from bank balance, and see practical examples. Understand how reconciling these balances is crucial for cash flow management.

Reconciling the bank account is one of the most important bookkeeping functions in a small business. Reconciliation simply means to compare the bank transactions recorded in the accounting system ...

Making mistakes with your accounting can lead to more than just embarrassing situations when checks bounce or you make collection calls to customers and clients who have already paid you.