Purpose
Daily reconciliation of bank and cash accounts keeps control accounts accurate and reduces workload at month-end.
Why This Matters
Reduces reconciliation delays
Helps spot errors or missing postings quickly
Keeps cash and bank balances correct
Best Practices
Reconcile all cash banking nominal codes (..60.0) daily
Post journals to clear balances to the bank
Use Nominal Linking to match receipts with daily journals
Perform daily bank reconciliation to avoid a month-end backlog
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