Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Suivre

What is the importance of bank reconciliation?

user-image
Question ajoutée par Shamna Mohammed Ali , Accountant , Almoayed Chambers
Date de publication: 2014/10/22
Owen Gatehi
par Owen Gatehi , Head of Finance , Kapitol Services Co.

A bank reconciliation is necessary for the following:

to balance the cash & bank ledger.

to reduce/manage overdraft

cashflow management

asif imran naseer
par asif imran naseer , A.M Accounts, Aduit & Taxation , Sports Star International (PVT) LTD (Atv& APlus Entertainment TV Channels)

Bank Reconciliation IS THE DEMAND OF A ACCOUNTS PROFESSION AND ACCORDING TO MY EXPERIENCE IS SHOULD BE DON ON WEEKLY BASIS.

IT IS NOT ONLY IMPORTANT TO RECONCILE THE RECORDS BUT ALSO TO RECONCILE YOUR DEBTORS AND PAYABLES

 

More Questions Like This