Bank Reconciliation: The Hidden Control That Stops Fraud and Saves Your Cash Flow
Recently, I reviewed a client’s books who believed their cash flow was tight due to low sales. In reality, their sales were fine, but they were leaking money through duplicate payments and uncancelled subscriptions that no one had noticed for months. For instance, without regular checks, a $50 recurring charge or a double-paid invoice can […]
Do Bookkeepers Reconcile Bank Accounts? The Ultimate Guide to Cash Accuracy
Recently, I’ve fielded a surprising number of questions from new business owners asking a fundamental question: do bookkeepers reconcile bank accounts as part of their standard service? In reality, this isn’t just a “nice-to-have” add-on; it is the absolute backbone of accurate financial reporting. For instance, without reconciliation, your accounting software is merely a list […]