Overview:
The process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement. The output of this process is the bank reconciliation report.
Benefits:
- Assists with balancing each bank account
- Helps to identify and correct accounting or bank errors
- Load a bank file to quickly match transactions and reconcile the account
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- PENTA Web > Accounting Module > Bank Reconciliation
Video:
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