Have You Reconciled Your Bank Statements Recently?
It’s the beginning of the month, and last month’s bank statement arrives. What do you do with it? If it goes directly into your filing cabinet, you are missing an important step in the bookkeeping process — reconciling. Reconciling is the process of making sure one record of a financial account is consistent with another. In this article, extension educator Jessica Groskopf reviews all the steps necessary to conduct a thorough reconciliation of your financial accounts.