Accurate records are necessary for business finances. Bank reconciliation is an important part of this, as otherwise company records can quickly become out of synch with bank records and create trouble down the line. The process of reconciliation seems as simple as making sure both records match, but at times the record keeping can get a little murky, as when you have unrecorded deposits. Show What Is Considered an Unrecorded Deposit?
Bank Ledger vs. Book Ledger
Putting Money Where It Isn't
Importance of Accurate Reconciliation
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