What is the most common oversight among small business owners regarding their bookkeeping? Many business owners neglect to reconcile their bank and credit card statements each month. This critical step can lead to incomplete financial records and missed expense opportunities. Despite advancements in technology, such as QuickBooks Online's banking features, there remains a risk of transactions being overlooked due to potential disconnections between your bank and QuickBooks. If you would like guidance on how to reconcile your statements or prefer professional assistance with monthly reconciliations, please contact us.
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