A pen on top of a bank statement.

Reconcile Differences Between Bank Statements and Business Cash Balance

Does your bank statement accurately report your businesses cash balance? Probably not! There is usually a difference in the amount of cash reported on the balance sheet and the actual balance in the bank account for the same period. This difference is neither a good nor a bad thing, but instead highlights the timing difference between when the business remits payments and when they clear the bank.

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