PSA L&P - Bank Reconciliation: Why it is important to do bank reconciliations in your software – ParishSOFT

To prevent fraud
To ensure that the system bank balance is accurate
To ensure that transactions have been recorded properly
To ensure that voided transactions have been processed correctly
To allow quick retrieval/review of bank reconciliation reports
To allow the user to quickly see which bank statement on which a transaction was cleared
To get information on outstanding transactions
To prevent transactions from being voided or deleted in error
To prevent delay in solving issues related to bank balances or bank transactions

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