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How To Do Bank Reconciliation
How To Do Bank Reconciliation
How To Do Bank Reconciliation
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3 min read
Bank reconciliation is part of life as a small business owner. It keeps your bookkeeping
accurate and can help lower your tax, alert you to fraud, and allow you to track costs. So
how do you do it?
With the right software, you can do bank reconciliation on your phone.
If a transaction isn’t showing on your bank statement, it’s most likely because you got income
that you didn’t bank, or you paid for something out of a different account or with cash. Get to the
bottom of it and make the necessary notes.
Schedule the time to do it every week or even every day. And set up a system that makes it quick
and easy to grab the records you need. Check out Xero’s bank reconciliation software.
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