Check Your Bank, Check Your Books
Reconciling your bank account is a fundamental month end closing process in accounting and is critical for your business and personal financial health.
If you are not reconciling your bank accounts on a regular basis you can’t be confident that what your balances show in your books is really what is in your bank.
At a minimum you should reconcile the bank statement to your records whenever you receive your bank statement, be it monthly or quarterly. Even better, reconcile it every day!