Bank Reconciliations
Learn the 10 Most Expensive Tax Mistakes that Can Cost You Thousands.
An important part of any accounting system is the reconciliation of the book balance to the balance as shown on the company’s bank statement. Bank reconciliations play an important role in identifying erroneous or double entered transactions. Also, transactions are identified through this process that were processed through the bank account but not recorded on the company’s books. This serves as a part of the company’s internal control process to detect unauthorized transactions.
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OnTarget CPA is a certified public accounting firm offering business accounting services and tax preparation. Consult with OnTarget CPA for guidance on efficient and profitable business operations and strategies to achieve corporate growth objectives.
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