There are two common ways to conduct account reconciliation: manual or automatic. In this article, we will examine what both entail and the differences between them. This will help you choose the most suitable one for your business type.
By automating the process, you save time and have accurate financial insights. Additionally, it allows finance teams to focus on more strategic tasks rather than getting bogged down by routine admin work.
Reconciliation usually happens at the end of an accounting period to verify that all transactions are correctly recorded.
If you want to grow your company, making informed decisions is crucial, and you can’t make informed decisions without understanding the financial health of your business.
This is not to scare you but to let you know that if you must apply business process automation, you must do it the right way, following the right steps
In this article, we will explore the top factors affecting the financial performance of SMEs and the key benefits of conducting financial health checkups for SMEs.