LearningCat: Process of Bank Reconciliation

Comparing Bank Statement and Cash Book
For any business, keeping the numbers straight is non-negotiable. And one of the most basic—but absolutely essential—tasks in accounting is comparing the bank statement with the cash book. These two records should ideally match, but in reality, they often don’t. Checking them against each other, a process known as bank reconciliation, is crucial. It helps […]
Bank Reconciliation Discrepancies: Common Causes and Steps for Identification
Bank reconciliation is one of the major tasks that looks boring for most of us. Discrepancies occur in the event of not matching the transactions between bank statements and the cash book of the company. Comparing both of these statements by regular reconciliation will avoid the problems at the time of audit and tax filing. […]