Bank Reconciliation Accounting, or BRCA for short, is the financial practice of ensuring that the records of a business’s cash activities—such as deposits, withdrawals, and transfers—are in agreement with their bank statement. By performing this reconciliation process, businesses can accurately track how much money they have on hand at any given time, making it easier to forecast future cash needs and make sound financial decisions. The practice of BRCA enables businesses to stay organized, reduce risks, improve customer relationships, and generally make smarter decisions about managing their finances.