How to Prepare a Bank Reconciliation Statement in a Company. Bank reconciliations can help a company to verify that its bank account ending balance per the bank matches the balance on hand per the ...

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A bank reconciliation statement is a summary of banking activity, supplied so that accountholders can check for errors or omissions in their internal records.

Proper reconciliation of bank statements is vital for any small business. Even if you don't have an accountant on staff, this procedure must be done monthly. Whether you use financial accounting ...