Practice Exercises for Bank Reconciliation. Reconciling the bank account is one of the most important bookkeeping functions in a small business. Reconciliation simply means to compare the bank ...

A bank reconciliation statement is important in managing your busines finances. This document can help ensure that your bank account has a sufficient balance to cover company expenses.

A bank reconciliation statement can help you prepare financial statements, spot fraud and ensure you make business decisions rooted in accurate data. Learn more.

Make a list of these. If you have a reconciliation from a previous month, make sure all checks outstanding on the previous reconciliation cleared your bank on the new statement.

Key components of a business bank statement With so many different sections on a bank statement, understanding each is helpful. Below is a breakdown of the key parts. 1. Heading Statement period ...

3. Consider fees and costs Bank fees and extra costs can add up quickly, especially for small businesses. Make sure you read the fine print and understand the fees you could be charged when ...

Being a bank customer and navigating everyday financial transactions can introduce you to basic banking terms and plenty of financial jargon. Do you know the difference between APR and APY? What ...