Bank Account Reconciliation Best Practices

Advances in bank account reconciliation, along with expansion of the types of information banks can provide their customers, have made it much easier for companies to match their cash accounts to bank records. By automating the reconciliation process, treasury can identify discrepancies quickly, free up time to focus on more strategic issues, and better manage liquidity. And, by reconciling accounts daily, the monthly “hard” reconciliation becomes a much easier and less time-consuming process.

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