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Posted on May 1, 2022 at 3:20pm 0 Comments 0 Likes
However, there are some companies that cope with only some transactions in a month that they have an inclination to reconcile every quarter or even yearly at the shut of the accounting period. If the corporate processes lots of funds and receipts in a day, it is advisable to do a bank reconciliation daily, or at least once per week with a last reconciliation on the end of the month. Vendor reconciliation – The strategy of vendor reconciliation compares transactions within the payable ledger…
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