Bank Reconciliation

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Bank reconciliations are an essential internal control tool and are necessary in preventing and detecting fraud.  They help identify accounting and bank errors by providing explanations of the differences between the accounting record’s cash balances and the bank balance position per the bank statement. We ensures that all your company's transactions that have gone through the bank statements have been reviewed and checked, thus reducing the probabilities of errors in the data used to prepare accounts.  We  also ensure that a legitimate explanation is provided for any differences that are identified.  A bank reconciliation statement will help you to identify potential fraudulent activities to safeguard the business against losses.