TO BE THANKFUL FOR.. FOUR REASONS TO GIVE THANKS FOR A RECONCILIATION by Higher Accounting
At any given moment you can be confident that you “know your numbers” and can make sound financial decisions.
S
o many reasons to give thanks this season. Although we may have
not returned to normal with the gathering of family and friends, we sure can be thankful for our health and loved ones that have survived the pandemic. This was a time where we could reset and rebuild our goals and our everyday lives. As we still are surviving this pandemic, we have had time to determine that our finances must survive it as well. Yes, you can thank your accountant as well for keeping you prepared all year long. The almighty reconciliation is what keeps you on track in so many ways. With accounts reconciled, you can stay on top of your finances and keep them current and accurate. At any given moment you can be confident that you “know your numbers” and can make sound financial decisions.
Finding mistakes when they first occur, One great way to keep your account in the black is to balance/reconcile your bank makes account and credit card statements. Not only will you catch your own recording errors, but resolving you may find that you are still being charged for that Hulu account you canceled a few them months back or have been double charged for a bill payment. easier in Keeping up with the current month gives you time to correct transaction errors and take the long the appropriate action. The reconciliation process is very detailed work but is well worth run. it in the end. Let’s discuss the four main accounts that you should keep reconciled for your cannabis business. Not only in business, but keeping this account reconciled will help you in your personal life as well. Maybe we double recorded a transaction or forgot to record one.
thechronicmagazine.com
NOVEMBER ISSUE 14
