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Bank Reconciliation is the process of matching the company's cash books to the bank statement. Reconciliation includes matching the company’s balance sheet, income statement, bank statements, and expenses. Bank reconciliation is crucial for identifying and minimizing such losses.In How to do Bank Reconciliation?
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Consider this: Levvel Research found that 50% of businesses grapple with late payments and missed discounts due to protracted approval cycles. These figures underline the need for a more efficient, streamlined way to handle invoices , purchase orders , and payments. Get started for free.
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