Get a handle on Bank Reconcilliations
Sarah Daly FCCA, Accredited EMCC Coach, MBS, BBS (Acc)
Guiding Business Owners to Navigate Growth or Exit | Partner with me to either Scale for Success or Sell for Maximum Value | Expert in both
Checking that your bank statements accurately reflect the income flowing in and out of your account is a basic financial control that every business needs to do.??The purpose of the check is to highlight:
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·?errors such as extra lodgements (for example, where money was lodged to the wrong account),?or
·?omissions such as missing purchase invoices where orders were incorrectly processed,?or
·?potentially fraudulent transactions
Your Bank Reconciliation should be done before you send out your monthly Customer Statements.
Need help with Bank Reconciliations??Get in touch with me here or Contact GroForth?for details of our bookkeeping services.