How To Reconcile In QuickBooks

This process confirms the completeness of the books and signifies their readiness for monthly closure. In cases where discrepancies arise, the bookkeeper may have to redo the reconciliation to rectify errors. Each month, verifying that the bank or credit card statement matches the recorded transactions in your books is important. This process, known as reconciling […]

What is Managerial Accounting? Definition, Functions, Examples

Managerial accounting statements, on the other hand, are presented at any period of time that is convenient for the productive management of a business. They may be fixed over a period of time but this fixed period is entirely flexible and comes at different times and forms within a month. Financial accounting is only aimed […]