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bank reconciliation main use to our incoming and expenses transaction show and laser maintain for each month
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- Avoid banks to freeze the proportion of money banks as a result of inability or reluctance to customers to pay premiums and accrued interest, which leads to the exposure of the banking system (banks) to significant losses is the loss of yieldopportunity to invest that money in more profitable areas - Avoid reducing the banks' turnover, which leads to lower operational capacity of the resources of the banks and then the low profitability and the negative effects on the productive apparatus and national economy
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To determine income and expenses of the company, as well as to compare the amounts shown on the bank statement matches the data suplied on the company's system.
Dears ,
A bank reconciliation is used to compare your records to those of your bank, to see if there are any differences between these two sets of records for your cash transactions. The ending balance of your version of the cash records is known as the book balance, while the bank's version is called the bank balance .
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The main purpose of bank reconciliation is to identify error in accounting record of the company or the bank. Moreover, cash is the most valuable current asset of any company or entity, bank reconciliation provides necessary control mechanism to help protecting the valuable resource such as unauthorized withdrawals from bank. In addition, monthly preparation of bank reconciliation ensures regular monitoring of cash flow of company.
To make sure all bank transactions are regularly recorded, hence allowing more control.
هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟