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 and…See More