Tag: Reconciling

Reconciling Great Books

Reconciliations serve a purpose! Reconciliations are critical to great books. Why? Because when you reconcile, you confirm that the correct data is recorded. Not too much (duplicate transactions), not too little (missing transactions), but just right! (If we can quote our friend, Goldilocks). Melinda often says that great books come from two main phases –...

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Reconciling Best Practices

It is important to stay on top of reconciling your bank, credit card, and loan accounts every month. If you keep your accounts up to date and reconciled, you will find the process quick and efficient. Your monthly reconciliations will show you where your finances stand and alert you to inaccurate or fraudulent activities. Correcting...

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