Bank Reconciliation Explained: Why Every Business Should Reconcile Bank Transactions Regularly
A business owner looked at his bank account last month and saw ₹12 lakh available. His accounting software showed ₹15.2 lakh. Neither number was wrong, exactly. Three customer payments hadn’t been recorded. Two supplier cheques hadn’t cleared. One bank charge was sitting unnoticed. And an accidental duplicate entry had inflated the books by ₹80,000. That…




