Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
Comparing Ledger Account With Bank Statements - Important?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="saoussen5765, post: 339577, member: 75161"] Financials are a big part of any business organization. It is important to carry out regular financial checks to be sure the business is in a good direction. One of those financial checks is to always compare the ledger balance with the bank statement. Why is it necessary to always compare ledger with bank statements? 1) To detect errors: Sometimes, accounting errors can occur. It could be in the form of unreported deposits or withdrawals. Comparing the two balances would reveal the discrepancy and allow for such errors to be traced to know the true financial position of the company. 2) To detect fraud: Sometimes, the accounting staff can try to manipulate the ledger balance after a financial fraud by either taking money or not remitting everything. The bank statement would reveal the inconsistency with the ledger balance and it can be traced before it gets too long and untraceable. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Business Ideas Forum
Business strategy
Comparing Ledger Account With Bank Statements - Important?
Top