Cash Reconciliation Guide
Learn how to perform cash reconciliation accurately, ensuring your cash flow records match your accounting books. Step-by-step guidance for businesses of all sizes.
About Cash Reconciliation
Cash reconciliation is the process of verifying that the cash balance recorded in your company’s books matches the actual cash available, whether in hand or at the bank.
This includes matching deposits, withdrawals, petty cash expenses, and other cash transactions. Any discrepancies often highlight errors like unrecorded deposits, double entries, or missing receipts.
Proper cash reconciliation helps in safeguarding against fraud, preventing overdraft issues, and ensuring that your financial reports show the true liquidity of your business.
