Dear Mary: What does it mean to “balance” my bank account? How do I do that? Why should I? I really appreciate you answering my question. I’m sure I should know this, but honestly, I don’t. -- Josey ...
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How to Reconcile a Business Bank Account
Reconciling your business bank account monthly ensures you’ve correctly accounted for all transactions. It’s also the best way to catch and correct any missed or potentially fraudulent transactions.
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