Bank reconciliations can help a company to verify that its bank account ending balance per the bank matches the balance on hand per the company's general ledger. The process of preparing a bank ...

Making mistakes with your accounting can lead to more than just embarrassing situations when checks bounce or you make collection calls to customers and clients who have already paid you.

Reconciling your bank transactions to your business book is essential to the financial health of your company. However, if you’ve never reconciled your company’s transactions before, the process can ...

Ali Hussain has a background that consists of a career in finance with large financial institutions and in journalism covering business. Vikki Velasquez is a researcher and writer who has managed, ...

A business bank statement tracks transactions, balances, and cash flow. Learn key components and tips for better financial management. A business bank statement is an official financial document ...

Book balance is the amount of money a company believes it has based on its accounting. What Is Book Balance? A book balance is a running tally of a company’s account balance based on all transactions.