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Top 5 Reasons Why a Small Business Should Do Bank Reconciliation Small businesses are always strapped for cash and are looking for ways to manage it better. Cash is vital for operating as well as growing a business. What if I told you that there is a simple way to track cash flows. You can do this by preparing a monthly bank reconciliation statement. What Is Bank Reconciliation? Bank reconciliation is the process of comparing the transactions in accounting ledgers and the entries in the bank statement. Here we verify every entry to ensure that the amounts match. If there…