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What is bank reconciliation and why do I need to do it?

Bank reconciliation is the process of checking your bank account statements against your accounting records to make sure that transactions have been recorded correctly. You need to do this to ensure that your accounting records are accurate. You will need to perform bank reconciliation before our accountants can produce your Year End Accounts.

We recommend that you carry out bank reconciliation on a monthly basis when you receive your bank statement to minimise the chance of errors.

If you have access to your electronic statements then find out how to perform bank reconciliation by clicking here

If you only have your paper statements find out how to reconcile your accounts here.

Last Updated: 30 Oct 2015 11:41AM GMT
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