How to Do Bank Reconciliation for Small Businesses?

bank reconciliation

Reconciliation is an accounting term that means matching two sets of records. Bank reconciliation refers to comparing the balances provided by the bank statement against your business’s cash balance figure. Bank reconciliation protects you from theft or fraud. Importantly, reconciliations…

What is Accounts Receivable?

Accounts Receivable

Accounts receivable are amounts that customers owe a company for goods sold and services provided on account (credit). In this guide, you’ll learn: What is accounts receivable? What are the benefits of accounts receivable? What are the risks of accounts…