Portions of this article were drafted using an in-house natural language generation platform. The article was reviewed, fact-checked and edited by our editorial staff. A bank reconciliation statement ...

Book balance is a company's cash balance according to its accounting records. Book balance can include transactions that have yet to settle or clear through the bank account. Book balance reflects the ...

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.