Bank reconciliation is an essential part of the accounting system for a small business. During the process, the owner or the accountant compares the general ledger balance to the bank statement ...

many businesses perform a monthly bank reconciliation, comparing the business's bank account statement to the company's general ledger. Understanding why these two documents might not match up ...

Brex breaks down how businesses with diligent invoice verification experience clearer financial visibility, more trusting ...

and bank statements verify what was ultimately paid. This practice represents a specialized subset of the broader account reconciliation process that businesses perform regularly. While general ...