
Why need to reconcile accounts monthly?
The accuracy of the records can be verified by doing a reconciliation at least once a month. Reconciliation is the process of comparing two or more sets of records to determine if their balances agree. This process will disclose if the records are completed accurately. Why it’s important to reconcile? A regular review of accounts can help people to determine problems timely before getting out of hand. Here are some critical reasons for doing this. Catching Fraud One of the mo