Balance reconciliation is an important process for businesses that involves meticulously comparing two sets of financial data to ensure they match. Specifically, it’s the act of taking primary source documents like bank statements and checkbooks, interpreting them within the context of your company’s accounting, and ensuring every transaction listed is accurate. This tedious task may seem intimidating at first — but don’t worry! With proper planning, balance reconciliation can be a breeze. You just need to set aside time to review each report or statement line by line and verify accuracy with other sources of information. Utilizing existing tech tools or simply double-checking your work can save time when reconciling accounts. When all items are thoroughly checked, you are sure that the transactions made were valid and accounted for, giving you peace of mind about the state of your finances.