Bank recs, or rather the reconciliations of bank statements are a key part of any accounting/accounts payable/treasury best practice operation. They are critical for detecting fraud and identifying unauthorized transactions and more. And by the way, this is true both for organizations and for individuals. Ignore this tedious task and you put your finances (or your organization’s finances) so at great risk. We’re going to review several best practices related to the handling of bank recs. Make sure we stick around until the end...
Bank recs, or rather the reconciliations of bank statements are a key part of any accounting/accounts payable/treasury best practice operation. They are critical for detecting fraud and identifying unauthorized transactions and more. And by the way, this is true both for organizations and for individuals. Ignore this tedious task and you put your finances (or your organization’s finances) so at great risk. We’re going to review several best practices related to the handling of bank recs. Make sure we stick around until the end when we discuss one best practice, ignored by over 2/3 of the accounting and finance community – an ignored best practice that is bound to cause trouble with state auditors. #bankrecs #bankreconciliations #accountspayable
Link to Paper Checks: More Expensive than You Realize
https://youtu.be/cl3v7yDh8vA
Those searching for How to do a bank reconciliation will benefit from integrating the information from this Bank Statement Reconciliation Best Practices talk. Whether looking for a bank reconciliation example or accounting for beginners bank reconciliation, this information is crucial.
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