$500+ Lesson: Why Bank Reconciliation Is Where Mistakes Get Caught
A few weeks ago, I received a practical reminder about why bank reconciliation matters: one that involved more than $500....on my own business checking account. I was reconciling my own business checking account when I noticed a deposit from some time ago that had not cleared the account. The amount was over $500, so it was not something I wanted to overlook. I checked the bank’s online records. The bank did not show that the check had cleared. I went back through my statements and could not find the deposit anywhere. At that point, I started questioning my own[...]
A few weeks ago, I received a practical reminder about why bank reconciliation matters: one that[...]
