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Mike Chromy

Mike Chromy

Accounting Manager for LUXA Enterprises, Mike enjoys spending time in the outdoors with his family. He is also a strong advocate for community involvement and service .

Recent Posts by Mike Chromy:

What does your month end close process consist of?

Why monthly bank reconciliation is imperative

In today’s business environment, knowing how much cash your business has readily available is critical to the success of your organization.  This starts with the bank reconciliation, which enables effective cash flow management.

Bank reconciliations compare a company’s records to their bank records, which authenticates cash activity.  The bank statement is the source document issued by your bank confirming cash movement for a specific time period.

Topics: Bookkeeping Business Advice Accounting procedures Accounting Methodology Cash Flow Management Accounting