not doing all the reconciliations in your business

NOT DOING ALL THE RECONCILIATIONS IN YOUR BUSINESS?

Most business owners take care to reconcile their chequing accounts each month. But what about all the other accounts that need reconciling?

Consider the following:

  • Inventory
  • PayPal accounts
  • Bank Loans
  • Merchant accounts
  • Petty Cash
  • Credit Card accounts
  • Mortgages or Leases
  • Prepaid or Deferred accounts

You need internal controls in place to reconcile all of the accounts in your business.