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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

Roles:

  • Accounting Manager
  • Controller

Additional Information:

Location:

  • PENTA Web > Accounting Module > Bank Reconciliation

Video:

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