What You Need to Know About Bank Reconciliations

When you hear the words “bank reconciliation,” what comes to mind? If it is a mental image of two bank managers shaking hands and coming to an agreement, you are probably not an accountant! If you realize that it is the process of double-checking company and bank records, chances are that you are either an accountant or you have some degree of accounting knowledge. Bank reconciliations are  a crucial part of the financial flow of any given business, and it’s important to know what they are. If you want to ensure successful cash flow in your business and keep your money from going to waste, here’s what you need to know:

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Alejandro Tavera
6 Tips to Improve Your Bookkeeping Process

Bookkeeping is a job that requires meticulous care and effort. It is one of the most vital things necessary for any company because, without a proper bookkeeping process, the entire workflow can be put in jeopardy. When you aren’t able to keep track of the yearly spendings, you will eventually end up with issues pertaining to payroll, taxes, and overall profitability.

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Alejandro Tavera
How Bookkeeping Can Lower the Cost of Running Your Business

Owning a business and operating a business are not the same thing. Sure, your name may be on the business registration form, and you may be the one to whom employees report, however, your business cannot succeed without effective bookkeeping know-how. Even if you have plentiful capital at your disposal or if you have hundreds of customers, this holds true. It’s especially true if you aim to handle the financial aspects of your business on your own.

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Alejandro Tavera