WHY BALANCING BOOKS AND RENCONCILING ACCOUNTS IS IMPORTANT

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Published on July 15, 2023 by

Balancing books and reconciling accounts ensures the accuracy and integrity of financial records. It helps identify discrepancies, errors, or fraudulent activities, and enables better financial analysis.

Failing to balance books and reconcile accounts can lead to difficulty in identifying financial irregularities, inaccurate financial reporting and challenges in tracking financial performance.

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